Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
London’s West End Christmas sales up 10% on 2010 Monday, 19th December 2011
Retailers across the UK are recovering from what is expected to be the busiest day on the high street for the UK. Around 11 million Britons were expected to go shopping on Saturday 17 December, according to research by the Centre for Retail Research in September. Jace Tyrell from the New West End Company, which represents shops on London’s Oxford Street, Bond Street and Regent Street, said trading increased by more than 10 per cent compared with last year, when the nation was hit by unprecedented levels of snow.
Christmas shopping sales snowball as retail sees record breaking week Monday, 12th December 2011
At long last retailers are starting to see momentum in Christmas shopping pick up, as consumers turn to tried and trusted brands to complete their holiday purchases. John Lewis, one of the best-known bellwethers on the high street revealed record sales last week at the Christmas shopping season kicked into gear.
Oxford Street Christmas lights due on 1 November Tuesday, 18th October 2011
The Oxford Street Christmas lights will be switched on 1 November this year as retailers on one of the busiest shopping streets in the world gear up for the all important festive season. The New West End Company (NWEC), who will be organising the event, said that a “star-studded troop of UK chart toppers” will switch on the famous Christmas lights.
Demand for London’s West End outstrips supply Tuesday, 19th July 2011
According to the latest research by CB Richard Ellis, London’s Bond Street now has a 0 percent void rate as demand for luxury retail outstrips availability.
The figures come as the New West End Company revealed this week that the West End benefits from £2 billion of luxury spending a year, with one third of shoppers specifically looking for luxury.
Jonathan de Mello, head of retail consultancy at CBRE, said: “London’s West End is one of the most sought-after destinations for luxury brands in the world. Luxury retailers in the West End are seeing substantially higher sales densities in a number of instances compared to other major city centres that contain luxury retail. Despite virtually non-existent void rates, the potential to grow the area is strong, with an imbalance in the demand for luxury and the space to supply.
West End retailers buck the trend with sales up 11%... Monday, 18th July 2011
...But the north/south divide continues to grow as the rest of the UK sees a 0.6 percent decline in sales.
Defiant of the stormy conditions on high streets across the nation , West End stores are leading the way for British retailers this summer, as retail sales in the capital rose by 11 percent in June compared to last year.
According to the survey by New West End Company, it’s the strongest monthly growth seen for over a year across the 600 outlets it analysed. Food and drink sales in the capital also rose by 4 percent year-on-year, which brought a ‘record’ start to the summer shopping.
Jace Tyrrell of the New West End Company said: "The summer months are incredibly important for West End retail as shopper spending reaches a midyear peak around holiday season."
Around 600,000 tourists are expected to shop in the capital this summer, spending approximately £30 million in hotels, restaurants and bars. Holiday-makers from United Arab Emirates and Saudi Arabia are expected to spend up to £2,000 each – totalling £210m – in the West End, the company said.
New Sales Record for Primark Tuesday, 30th November 2010
Primark achieved record sales of more than £820,000 at its flagship store on Oxford Street, West London Saturday. The best one-day performance in Primark´s 41-year history came on the same day that the New West End Company attempted to attract Christmas shoppers with their annual car-free shopping promotion on Oxford Street and Regent Street. See more on Independent