New West End Company
This coverage explores the New West End Companyโs initiatives, advocacy, and influence on retail and commercial activity in Londonโs West End. Reporting highlights its work on business rates, footfall strategies, public realm improvements, sustainability projects, and collaborations that support the areaโs economic vitality. Retail executives, property managers, and stakeholders can gain insight into how the organisation shapes one of the UKโs premier retail destinations.
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Feb- 2024 -16 FebruaryNews
Today’s news in brief-16/2/24
In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in December. This surge, the largest since April 2021, comes amidst continued inflation, with prices increasing by 4% in January. Despite the rise in prices, consumer spending increased by 3.9%, indicating…
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16 FebruaryHigh Street
NWEC calls for return to tax-free shopping as tourist spending gap widens
The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number of international visitors in London and the spending associated with them widened in the final quarter of last year. According to the latest figures released by NWEC, despite a recovery…
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Dec- 2023 -7 DecemberNews
Today’s news in brief-7/12/23
Kelso, an activist shareholder in THG, has intensified its campaign for THG to clarify its plans to separate its three business divisions. Kelso believes that splitting the divisions (beauty, nutrition, and ecommerce services) would bridge the gap between THG’s share price and its true value. The shareholder has written to…
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7 DecemberNews
Black Friday 2023 surpasses 2019 levels
Black Friday weekend was the busiest day of 2023, slightly surpassing 2019โs figures, according to new figures released today (7 December) by New West End Company.ย Driving uplift was early morning shoppers, with higher footfall concentrated between 8am โ 12pm. This is likely down to the rise in savvy spenders,…
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Sep- 2023 -13 SeptemberShopping Centres
Westminster Council greenlights ยฃ90m Oxford Street revamp
Westminster City Council has formally approved the ยฃ90m Oxford Street overhaul, granting ยฃ7.7m for the first phase of design work, with construction expected to start in the Autumn of 2024.ย The news comes after WCC and the New West End Company (NWEC) formally signed a Memorandum of Understanding agreement to…
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Aug- 2023 -14 AugustHigh Street
Tourist tax hits London spending despite rise in visitors
Despite tourist numbers continuing to recover in 2023, the spending gap has widened compared to pre-pandemic levels, according to new research from the New West End Company. The company said the data shows a situation that is โworsening quarter-on-quarterโ, as awareness spreads on Britainโs tourist tax. It found that flight…
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Jul- 2023 -19 JulyHigh Street
Small businesses to be offered rent-free stores on Oxford Street
Westminster City Council has partnered with New West End Company to launch a new programme called Meanwhile On: Oxford Street, which is encouraging applications from up-and-coming businesses that are looking to launch their first physical space. Meanwhile On: Oxford Street will offer โsubstantialโ support by providing a six month tenancy…
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May- 2022 -27 MayEconomy
West End set for ยฃ80m injection over Jubilee weekend
The New West End Company, which represents 600 retail, restaurant, hotel and property owners across Bond Street, Oxford Street, Regent Street and Mayfair, said that it forecasts that sales over the Jubilee weekend (2-5 June) will hit ยฃ80m. The New West End Company, which represents 600 retail, restaurant, hotel and…
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Apr- 2022 -29 AprilPeople Moves
New West End Company CEO to step down
New West End Company CEO Jace Tyrrell is set to step down from his role this October, after six years at the head of the group, as he returns to his native Australia to lead its first Business Improvement District – The New Sydney Waterfront Company. According to the group,…
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Feb- 2022 -4 FebruaryHigh Street
West End footfall resurges as Plan B is scrapped
Londonโs West End has welcomed a โpromisingโ boost to its footfall in the first full week following the end of Plan B restrictions. Weekend footfall reached the highest level since November 2021, hitting 79% of pre-pandemic levels. It was also up by 11% against the previous weekend as more consumers…
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