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.
Never Miss a Retail Update!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.”