Retailers in London’s West End are predicted to take over £50 million a day in the six weeks to Christmas but till receipts should rise only 1.5% overall. There will be a tourist boost, but not as large as last year's.
H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
H&M has just filed its UK results for the year to November 30 2016 and the figures confirm how tough fashion retailers had it last year with sales and profits broadly flat despite more stores in its third biggest market.
London’s Bond Street is becoming a home for ultra-luxury brands with fewer affordable luxury/premium labels having stores there, a new report shows. And stores due this year will push the ultra-luxe edge even higher.