London has beaten Tokyo, New York, Paris and Brisbane to be crowned the shopping capital of the world.
So far Brisbane's efforts to emulate London by constructing its own "Brisbane" Eye, and crowning itself "Australia's New World City" are yet to see us to the top of the list. Oh well, at least they are trying.
A study by Britain's Centre for Retail Research says London is the top city for both store and online shopping, generating STG64.2 billion ($A102.93 billion) of non-food retail sales last year. Tokyo came in second with sales of STG61.4 billion ($A98.44 billion), followed by New York with STG47 billion ($A75.36 billion) and Paris with STG46.6 billion ($A74.72 billion).
The study, commissioned by shopping comparison website Kelkoo, covered 22 major worldwide shopping destinations.
Kelkoo marketing director Chris Simpson said the key to London's success appears to be the quality and quantity of shops on offer, combined with the revenue generated by the huge volume of tourists that passes through the UK capital each year.
Article Source: http://www.insideretailing.com.au/Latest/tabid/53/ID/10116/Shopping-captial-of-the-world-named.aspx
Image Source: http://www.londonmet.ac.uk
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