Retail sales on Oxford Street saw a significant rise after traffic was not allowed to enter the area on the last weekend before Christmas.
The total number of visitors to London’s West End rose 8.5 per cent compared with 2004 figures for the final shopping weekend before Christmas. Customers usually wait until the very last minute to do their Christmas shopping in the hope that they will get further price reductions by retailers desperate for sales.
Company formation and business solutions experts welcome the move made by Mayor Ken Livingstone to pedestrianise Oxford Street. They said that these are simple but innovative ideas to increase retail sales and should be encouraged.