ONS figures met with caution from independent retail bodies Monday, 20th January 2014
Reports that small retailers are leading growth on the high street could be wide of mark, according to some retail bodies. According to the Office for National Statistics (ONS), small retailers recorded an 8.1 per cent rise in sales in December. Overall, retail sales rose 2.6 per cent month-on-month in December – well ahead of the 0.2 per cent forecasted by the City – reversing the misery of slow sales in October and November.
Oxford Street prepares a London Fashion Week extravaganza Friday, 16th August 2013
No less than 75 flags emblazoned with the designs of five of London’s most famous fashion brands will adorn Oxford Street this September, as the fashion week circus arrives in the capital.
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.
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