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Sir Philip Green positive on trading

Speaking at the opening of the Westfield London shopping centre this morning, Sir Philip Green said that the week’s trading so far had been ‘a good positive one’.

Green said that the weather had fallen in fashion retailers’ favour, helping to boost sales, while the shift in half-term holiday dates had also given business a lift this week.

Shoppers at the opening of Westfield London showed there were still consumers willing to spend money, he said.

Other retailers at Westfield London for the centre opening confirmed the trading uplift this week.

Micheal Ziff, chairman and chief executive of Stylo group, which was launching a new concept Barratts store at Westfield London, said: “Everything has been in our favour. It is half term, the weather is cold and it is the week where most people get their monthly pay packet. That triple whammy has made a big difference and it does show that people are prepared to go out shopping when everything is right.”

John King, chief executive at House of Fraser, whose new look department store at Westfield is another move on from its newest stores in Liverpool and Bristol, added: “We have had another strong week. The weather is getting people in the mood to shop for autumn, which is really encouraging given the news that they are seeing on their televisions and in the papers every day.”

David Carter-Johnson, chief executive of Adams Kids, which opened its second new concept store in Westfield London, said that the 260-store chain was trading 17% up last week and that momentum was continuing. He added: “We have obviously done a lot of work on our product over the past year which customers are noticing and that accounts for the size of our sales uplift, but Philip Green is right that the colder weather coming as it does with the half-term break has made a real difference to sales.”

For more updates from retail leaders at Westfield London check out our Westfield London page throughout the day.

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