London's Bond Street will soon undergo a £20 million refurbishment.
Over 100 British retailers have called for a business rates overhaul, calling the tax a “critical problem” in an open letter which marks the industry's most vocal show of opposition so far.
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.
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.
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.
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.
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