House of Fraser's London flagship is no longer set for closure, new owner Sports Direct said Tuesday, with the store that had been a surprise casualty on the retailer’s closure list to be "fully operational".
Shaftesbury, the listed real estate company that owns a large number of properties in London’s West End and Covent Garden, reported its half-year results on Tuesday. And the period to March 31 was good for the company.
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.
Chinese, Kuwaiti and Indian visitors drove a spending boom in London's West End during the summer, new figures show. And October is expected to see a repeat performance due to China's Golden Week holiday.