London's West End enjoyed 17.7% rise in footfall on Saturday
Retailers within the Bond Street, Oxford Street and Regent Street shopping district of London have reported a 17.7% rise in footfall on Saturday against last year.Sales were also up at the weekend and are expected to exceed £200 million, thereby contributing to an anticipated £1 billion in takings across London’s West End over the festive period.
Figures released yesterday show that November footfall in the district was up 5.5% year-on-year. This means that the West End is outperforming high streets and shopping centres nationally, which saw an average footfall rise of 0.2%, according to Springboard’s UK High Street Index.
Retailers across London’s West End also reported a rise in sales for November, up 2.3% on the same month last year.
The strong figures follow the announcement that New West End Company is to continue as the management and promotional company for the West End and will invest £25 million in the shopping district over the next five years.
Jace Tyrrell, director of New West End Company, said: "The next eight days are a massive trading opportunity for retailers to really draw in shoppers visiting London’s retail heartland, and create a magical Christmas atmosphere for visitors to enjoy.
"This is a critical time for the area, as most retailers will take half their annual profits during the Christmas period."
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