Tag : New West End Company
Shoppers are expected to spend £136m in London’s West End in the final weekend before Christmas, new research has found.
Construction on the first section of the new Elizabeth line of the London Underground is nearing the finish line, heralding a potential 44% increase in sales in London’s West End by 2021. Drapers takes a look at how retailers plan to make the most of it when it opens in December.
West End turnover to jump 44% by 2021Subscription
Retailers in London’s West End are expected to see £4bn extra turnover in the three years to 2021, generated by the Elizabeth line, a new railway running through London.
Shoppers are expected to spend £52m across London’s West End today (26 December), up 4% on last year as people take advantage of the weakness of sterling.
London’s West End has seen footfall creep up over the Black Friday weekend despite false reports of a terror incident at Oxford Circus tube station on Friday afternoon.
The five challenges facing luxurySubscription
In October, luxury retail group Walpole hosted the London Luxury Think Tank to discuss innovation and creativity in the market.
West End to boom thanks to weaker poundSubscription
Sales in London’s West End are predicted to rise by 1.5% to £2.61bn during the six-week Christmas period, as international shoppers take advantage of the weaker pound.
West End retailers to cash in at ChristmasSubscription
Retailers in London’s West End are pinning their hopes on Christmas trading to counteract the tough trading environment, despite lingering concerns over safety and political uncertainty.
Approximately six million Chinese tourists are expected to visit shops worldwide during Golden Week 2017, after spending $99.6bn (£74.4bn) during the public holiday last year.
Retailers rail against business rates regimeSubscription
Independent fashion retailers are staging a fightback against the “bitter pill” of business rates following the rating revaluations that took place earlier this year.
New West End Company unveils plans for Oxford Street Subscription
New West End Company has unveiled its recommendations for developing the Oxford Street district, which it says would create 27,000 new jobs.
Retailers in London’s West End are preparing for record spending tomorrow, boosted by overseas shoppers taking advantage of the post-Brexit weakness of sterling.
West End retailers are hoping a bumper Christmas will help to offset a challenging year, as international shoppers continue to flock to the UK to take advantage of the weak pound.
Business rates 'bombshell' for central London Subscription
Retailers in central London have been hit the hardest by the government’s changes in rateable values, with some areas jumping by more than 400%.
The New West End Company has labelled proposed changes to business rates ‘catastrophic’ and warned companies in the area would have little time to adjust to rate hikes of up to 80%.
Businesses in London’s West End have joined forces to improve air quality and reduce emissions by 20% by 2020 in the area, led by New West End Company and the Cross River Partnership.
New West End Company promotes Tyrrell to CEOSubscription
London retail lobby group the New West End Company has promoted deputy chief executive Jace Tyrrell to CEO.
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