Economy
10:50 21/02/2011
London grossing city for retail sales
London beat Tokyo, New York and Paris to be the highest grossing city for retail sales in 2010, according to a study of 22 major worldwide shopping destinations by Britain's Centre for Retail Research.
The study, commissioned by online shopping comparison website Kelkoo, found London generated 64.2 billion pounds of non-food retail sales last year.
London's 26,000 stores house 138 of the world's 250 leading retail brands, compared with an average of 90 across the cities surveyed. It attracts around 14.1 million overseas tourists, some 4 million more than its nearest rival.
London was also the top city for internet shopping, with 9.9 billion pounds of sales last year.
Tokyo was a close second in the overall standings, with total non-food retail sales of 61.4 billion pounds, ahead of New York on 47 billion and Paris on 46.6 billion.
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