Newspaper article The Evening Standard (London, England)

West End Stores Expect Pre-Crash Spending Levels This Christmas

Newspaper article The Evening Standard (London, England)

West End Stores Expect Pre-Crash Spending Levels This Christmas

Article excerpt

Byline: Simon Neville Retail Correspondent

CHRISTMAS spending in the West End is set to return to pre-financial crisis levels for the first time this year as shoppers finally feel like the economic downturn is behind them.

Central London's premier destinations, Regent Street, Oxford Street and Bond Street, are expected to welcome about 39 million visitors over the next six weeks, which is slightly down on last year but those braving the crush will be spending more than ever.

Christmas Day falling on a Friday is also likely to help shops, with many workers expected to be in the capital right up to the big day.

The New West End Company, which represents businesses on the three major shopping streets, predicts that PS2.3 billion will go through tills, with shops taking PS5.1 million every hour.

Londoners are also expected to maintain their crown as the most generous present-givers this year, with the average person spending PS767 on gifts -- compared with a national average of PS489, according to marketing technology business RadiumOne. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.