London’s West End is in line to receive a 5 billion pound investment over the coming five years as it looks to “bounce back” after the pandemic. The shopping district, one of the world’s most illustrious upmarket fashion destinations and a favourite of international luxury shoppers, has been hit hard by store closures and plummeting footfall...
1 Oct 2021
London’s West End is launching a pop-up competition to give small scale businesses, homegrown start-ups and emerging creative talent the opportunity to open their doors at the iconic shopping destination. Launched by Westminster City Council in partnership with New West End Company and The Crown Estate, the programme also aims to attract...
1 Jun 2021
Business group The New West End Company (NWEC) has said that 98 percent of its retail, leisure, hospitality businesses and property owners have voted to invest 40 million pounds into the popular shopping district as it recovers from the pandemic. It comes as NWEC, which represents 600 businesses on Oxford Street, Bond Street, Regent Street and...
22 Mar 2021
November usually signals the beginning of the annual “golden trading period”, as around 70 per cent of customers start buying Christmas presents. The shutting down of non-essentials retailers could be a Christmas disaster for many brands and fashion businesses. West End retailers, which employ one in 10 Londoners, are set to lose 2 billion...
2 Nov 2020
Wealthy West End landlords could be a saviour to struggling designers and retail tenants who’s businesses are at risk in the wake of Covid-19. News that commercial landlord Grosvenor Estate, who’s portfolio owns a multitude of prime properties across the UK, including London’s Mayfair, Belgravia and Marylebone, could “selectively invest” in...
30 Oct 2020
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
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
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
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
Retailers across London's famous West End shopping district are said to be gearing up for a record breaking sales day tomorrow, as the U.S-borne shopping phenomenon takes place once more. The New West End Company, the leading voice for retailers and landlords in London's West End, have predicted a 5 percent increase in sales this Black Friday,...
24 Nov 2016
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
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
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