Weekly Retail & Leisure News - 09 March, 2015
international demand, investment and development across the West End during
2014 culminated in the area contributing £51.25bn to the UK economy, according
to JLL’s latest report, London’s West End: Review and Outlook. Following
a wave of over 80 new West End brand openings in 2014, retail sales topped a
record £11bn from Piccadilly, to Bond Street and Carnaby. Beyond retail, the
West End's leisure and hospitality economy was equally buoyant with food and
drink sales up 9.1% YOY and theatre ticket sales up 6.5% YOY. GuyGrainger, CEO, JLL UK commented: "The West End's
connectivity and public realm will benefit hugely from the arrival of Crossrail
in 2018 as well as ongoing inward investment and redevelopment.”
other positive news for the UK retail sector, Greggs has reported that pre-tax
profits before exceptional items rose 41% to £58.3m in the 53 weeks to January
3, the highest profits in the company’s history. This was driven by LFL sales
at the retailer’s stores growing 4.5% compared with a 0.8% fall a year earlier.
Statutory pre-tax profits, which includes profits from the sale of property,
climbed 50% to £49.7m.
was also announced last week that supermarket giant Sainsbury’s has launched
its first grocery click-and-collect service – and will roll out the scheme at
100 stores across the UK by the end of the year. Customers ordering their
shopping online from Sainsbury’s will now have the option to collect their
groceries in store, if they live in a catchment area where the service is
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Director, Head of Retail Research (UK & EMEA)
+44 (0)20 3147 1155
Director, Head of UK Retail & Leisure
+44 (0)20 7318 7838
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