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I've been on that street in May, but I did not like it. It was so overcrowded and you can't walk straight on to the next underground station. However the stores over there are quite good.
I prefer to leave Oxford Street to the tourists and out-of-towners. Besides, there's hardly anything to be found there that can't be found on most British high streets.
Just look at how crowded it is in that photo, which matches my experience of Oxford St - is that really your idea of a fun way to spend your time? Not mine. I'm a man of simple tastes I suppose (from Yorkshire, nuff said) but there's nothing I'd want to buy that I'd actually need to go there for as opposed to anywhere else.
Neither 5th Avenue nor the Champs Elysees are major shopping streets IMHO. Madison Av. is far better than 5th Av. and the Rue Faubourg St. Honore is far better than the Champs Elysees. Both are better than Oxford St.
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