Stat of the day: 11%

The amount sales rose last month in London's West End.

Last Updated: 09 Oct 2013
The British high street may be facing a woeful summer, but it’s a different story in the Capital. According to the New West End Company, sales were up 11% in June compared to the same time last year. And it should know: NWEC represents 600 retailers on Bond Street, Oxford Street and Regent Street. This starkly contrasts with the national average, where sales fell 0.6% in the same month.

The organisation is expecting the optimism to continue as an extra 600,000 tourists come to the capital this summer. Visitors from the Middle East are expected to spend the most cash, shelling out up to £2,000 each, totalling £210m. Clearly, not everyone’s feeling the pinch.   

Find this article useful?

Get more great articles like this in your inbox every lunchtime

The ignominious death of Gordon Gekko

Profit at all costs is a defunct philosophy, and purpose a corporate superpower, argues this...

Gender bias is kept alive by those who think it is dead

Research: Greater representation of women does not automatically lead to equal treatment.

What I learned leading a Syrian bank through a civil war

Louai Al Roumani was CFO of Syria's largest private retail bank when the conflict broke...

Martin Sorrell: “There’s something about the unfairness of it that drives me”

EXCLUSIVE: The agency juggernaut on bouncing back, what he would do with WPP and why...

The 10 values that will matter most after COVID-19

According to a survey of Management Today readers.

Why efficiency is holding you back

There is a trade-off between performance and reliability, but it doesn’t have to be zero-sum....