West End Retailers Announce 9.6% Uplift In Sales Over Bank Holiday Weekend

Aug. 30, 2011 - PRLog -- New West End Company, which represents retailers in Bond Street, Oxford Street and Regent Street report a +9.6% boost in sales in London’s West End this Saturday and Sunday compared to the previous weekend, with a combination of factors driving transactions up. Data from Springboard, who measure non-food sales in London’s West End, shows tills were ringing as back to school shoppers bought new term purchases and international visitors marked the end of EID by stocking up on luxury gifts for friends and family.  

The increase in sales is also attributed to a flush of fashionistas hitting Bond, Oxford and Regent Streets to get their hands on the new Autumn/Winter fashions, with bargain hunters also out in force making the most of the end of summer sales. Between Saturday and Bank Holiday Monday, one million shoppers flocked to the area.  Several major department stores reported double digit sales compared to last year.    

Jace Tyrrell, from New West End Company, says “Global holidays like EID are key for retailers in London’s West End and this international trade has been crucial to maintaining buoyant retail economy in the West End. Our retailers also reported significant numbers of domestic shoppers in the West End this weekend seeking end of summer purchases, with department stores recording high levels of back to school sales including school uniforms and bags.”


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Notes to Editors

More Information on New West End Company:
New West End Company is a company dedicated to driving forward London’s West End as the world’s top shopping destination. It is supported and run by major retailers and property owners in Bond Street, Oxford Street and Regent Street.

New West End Company ensures the ongoing commercial success of the area by promoting the district, delivering street management services and funding public realm projects to improve the shopping environment.  It is a leading partner in the biggest regeneration programme of London’s West End in its history.  Find out more at www.newwestend.com

200 million visitors travel into the West End each year.  Of these visitors 25% are from overseas and a further 21% are from outside of London.

Oxford Street was named best destination in the Visit London awards 2007 & 2008.

London’s West End is the world’s top shopping destination, with a world-class mix of 600 shops, 40 renowned theatres, 30 museums and galleries, 17 Michelin star restaurants and 7 tranquil green spaces.