London Remains a Prime Destination for Global Brands

  • International retailers continue to invest in London despite Brexit
  • Over 50% of stores on core shopping streets are international brands
  • 30 new retailers arrived in the last year alone
  • Molton Street attracts French and Spanish fashion brands
  • Sloane Street sees growth in international jewellers
  • Average shop rents rose by 3% in 2017
  • Vacancy rate remains low compared to other shopping environments
  • Elizabeth Line and pedestrianisation of Oxford Street expected to boost London’s shopping scene in 2018

Despite the economic uncertainty caused by Brexit, research from Colliers International reveals that Central London remains an attractive destination for international retail brands. Over 50% of stores on core shopping streets are operated by international companies, with 30 new retailers arriving in the last year alone. Molton Street has become a popular location for French and Spanish fashion brands, while Sloane Street sees growth in prestigious French and Italian jewellers. Shop rents increased by an average of 3% in 2017, and the vacancy rate remains low compared to other shopping environments. The upcoming Elizabeth Line and pedestrianisation of Oxford Street are expected to further boost London’s shopping scene in 2018.

Factuality Level: 9
Factuality Justification: The article provides accurate information from a reputable source (Colliers International), discusses relevant data on international brands in Central London, and includes expert commentary on market trends.
Noise Level: 7
Noise Justification: The article provides relevant information about international brands continuing to invest in Central London retail despite Brexit uncertainty and mentions specific examples of new store openings. However, it contains some repetitive information and lacks a more in-depth analysis or exploration of the underlying reasons for this trend.
Financial Relevance: Yes
Financial Markets Impacted: Central London retail property market
Financial Rating Justification: The article discusses the impact of Brexit on Central London’s retail property market and mentions changes in shop rents, vacancy rates, and new store openings by international brands, which can affect the financial performance of companies operating in this sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk