Bargain fashion for women at it’s finest-yet-cheapest may be H&M women’s department store. With five H&M stores near the Oxford Circus tube stop, you can knock yourself out and still stagger easily back to the hostel. Different H&M’s have different types of clothes: the one just across from the Oxford Circus tube stop is hottest. H&M is without doubt my favorite haunt for London shopping without spending a fortune.