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London Crowned Shopping Capital Of The World

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London crowned shopping capital of the world

James "Jimmy" Hall, 21:16, Tuesday 22 February 2011
London has seen off rivals Tokyo, New York (Xetra: A0DKRK - news) and Paris as the top shopping capital city in the world, with annual sales of £64.2bn.
The UK capital also boasts the largest selection of major global retailers, with 138 of the world’s 250 leading retail brands present on London’s high streets, according to research from Kelkoo.

You can almost be guaranteed to pay about 20% more than US prices and perhaps as much more compared with Japan. But what difference does it make to the oil rich Sheiks and banksters who make more than they can sensiby spend anyway.

Rip off Britain will soak anyone.

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Struggling HMV to axe Brent Cross store

Troubled music chain HMV is to close one of its most high profile stores at London's Brent Cross shopping centre, the Daily Mail has learned.

HMV's departure from the key shopping Mecca, just weeks after it announced plans to shut one of its Oxford Street shops, will send a shiver through an already nervous market.

Chief executive Simon Fox announced a raft of store closures at the turn of the year in a desperate attempt to cut costs.

But in a document seen by the Daily Mail the closures include some of the retailer's crown jewels including Gatwick Airport North and Glasgow's Sauchiehall Street.

Brent Cross attracts 15m to 16m shoppers every year, and the store is due to close on March 31 when the lease expires.

A spokesman for HMV (down 0.75p to 21p) said: 'HMV haven't publicly stated which stores will be closing as this is an ongoing process.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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