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west end news and archive

Retail

London business alliance warns of ‘catastrophic’ lockdown impact

The CEO of Heart of London Business Alliance, which represents 500 leading businesses in the West End, has urged the government to consider the ‘catastrophic’ impact Tier 2 and 3 lockdown measures could have on London businesses. It comes after Boris Johnson earlier this week announced a new three-tier system in which areas of England are...

16 Oct 2020

Retail

Covid-19 Crisis: Saving central London

An investigation led by the Evening Standard shows the economic impact of Covid-19 on London is both disastrous and the worst in a generation. With 50,000 West End retail and hospitality jobs at risk and hundreds of thousands of businesses affected, total spending is down 50 percent by 5 billion pounds as a direct result of the coronavirus...

14 Jul 2020

Retail

Surge in spend expected at West End this Christmas Eve weekend

Despite growing Brexit uncertainty and a drop in consumer confidence, it looks like shoppers in London’s West End are set to spend big this Christmas eve weekend. Shoppers buying last-minute gifts over the three days before Christmas are expected to splurge 186 million pounds at London’s West End, according to New West End Company. The Christmas...

20 Dec 2018

Retail

London's West End prepares for Christmas sales surge

Retailers across the nation may be struggling to attract shoppers during the vital Q4, but London's West End continues to boom, thanks to its unique mixture of stores as the shopping district predicts a positive Christmas trading period. Sales in West End are expected to increase 1.5 percent to 2.61 billion pounds during the six week Christmas...

16 Nov 2017

Retail

London's West End had 'remarkable' retail summer

London - The hot weather, the launch of the night tube and a fall in the value of the sterling all contributed to London's West End enjoying 'a remarkable summer, with a 400 million pound total spent in July," stated Jace Tyrell, chief executive of New West End Company (NWEC). “Tourists are evidently still keen to cash in on the weak pound and...

22 Sep 2016

Retail

West End retailers enjoy boost in tourist spend following Brexit vote

​ ​ Tourists visiting the UK have been able to benefit from the drop in the value of the pound following the Brexit vote in June, with retailers in London's West End enjoying a boost in spend. Sales at West End retailers reached 400 million pounds in July as wealthy tourist rushed to spend their money, a 4.9 percent increase on last year...

22 Aug 2016

Business

Crossrail to boost London's West End with billions

Crossrail is to connect a new consumer group to London and is expected to boost Oxford Street retail by 1 billion pounds after completion in 2020. Whereas initial estimates by the New West End Company were an extra 1.5 billion pounds for just Oxford Street per year, the growth will see its value increase by generating 6 billion pounds per year....

18 Jul 2016

Retail

West End 16 million pound BID approved

The New West End Company has won its ballet to become one of the first UK property owner business improvement districts (BID) following 97 percent of property owners voting yes for the investment plan for London’s West End. New West End Company has been running a business improvement district for retailers in 25 streets including Oxford, Regent...

21 Dec 2015

Retail

London’s West End retailers to make 100 million on Black Friday

Retailers across London’s West End are preparing for the Black Friday rush, as predictions released by the New West End Company, state that nearly 100 million pounds could be spent in the area in just 24 hours. Black Friday is already expected to be a record-breaking day for retailers across the UK, with predictions claiming it could be the UK’s...

26 Nov 2015

Retail

West End retailers poised best Christmas since 2007

Retailers across Oxford Street, Bond Street and Regent Street are gearing up for a bumper Christmas, as spending is predicted to reach over 2.3 billion pounds over the festive period, which could make this the best Christmas since 2007. The predictions from the New West End Company (NWEC), which represents over 600 businesses in the area, states...

28 Oct 2015

Business

Mike Ashley cashes in on sale of Sports Direct West End Offices

Sports Direct's Mike Ashley has netted a substantial amount of cash by selling the lease for the company's office in West End to the University of Westminster. According to the Evening Standard, the 999 year lease on 120 New Cavendish Street was sold for 44 million pounds, 6 million pounds over the estimated asking price of 38 million appointed...

8 May 2015

Fashion

Great Portland Estates sees retail value soar

London's Great Portland street and local Fitzrovia area have seen its value soar after retail property in the West End is at an all-time high. Great Portland Estates on Thursday posted a 5.2 percent surge in its property portfolio, notably after luxury group Richemont snapped up an 38,000 square foot office building on Regent Street. Chief...

30 Jan 2015