
Please try another search
LONDON (Reuters) - London's main shopping and entertainment district has predicted a muted final weekend of Christmas trading after customer traffic plunged on Thursday, with the highly transmissible Omicron coronavirus variant keeping people at home.
The New West End Company, which represents 600 brands, restaurants and businesses in London's West End, said footfall on Thursday was down by 7% from the previous week and down 32% from pre-pandemic figures.
Britain first expressed concern about the Omicron variant on Nov. 25. and on Dec. 9, Prime Minister Boris Johnson imposed tougher COVID-19 restrictions in England, ordering people to work from home, wear masks in public places and use vaccine passes to slow the spread.
"With rising COVID cases dampening consumer confidence and a planned Tube strike looming on Saturday, we’re anticipating a muted final weekend of Christmas trading at a time when West End businesses should be enjoying a much needed boost," CEO Jace Tyrrell said on Friday.
He joined calls for the government to provide temporary financial support to leisure businesses across the United Kingdom.
British retail sales rose faster than expected last month, helped by Black Friday discounts, early Christmas shopping and no lockdown restrictions that closed many shops last year, official figures showed on Friday.
However, Omicron has heightened fears over Christmas trading.
On Wednesday, consumer electricals retailer Currys said its market had softened in recent weeks, while on Thursday online fashion retailer Boohoo warned on annual profit.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.