How a lack of tourism is hurting British fashion brands
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telegraph.co.ukmid-market brands like Zara and lower-market ones like Primark, who can operate huge spaces in central London thanks to the sheer volume of customers they welcome from abroad.”Phipps predicts that many big retailers, if the conditions continue, may keep their London flagships open for marketing purposes but could close other outlets in the capital over the months ahead.It is a similar story for smaller brands - owners are beginning to question whether having a foothold in London is now so important.
Simon Cotton, chief executive of Scottish knitwear brand Johnstons of Elgin, has said that three-quarters of the customers in their New Bond Street store used to be tourists, and that the significantly lower footfall coupled with the fact that.
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