LONDON — London retailers and the tourism industry are bracing for the long-term damage of terrorism.
Spending by tourists might plummet by 300 million pounds, or $522 million, this year because of the July 7 attacks — without factoring in the attempted bombings and the fatal shooting of a suspected suicide bomber last week, according to the tourist group VisitBritain. Scotland Yard said Saturday that the suspect was not involved in the bombings.
“We think people, especially families with kids, will not be traveling like they used to,” said a spokesman for Harrods, one of the city’s top tourist destinations. “This will certainly be a challenging time.”
Tourists generate about 25 percent of Harrods’ annual sales.
“The proof of the pudding will be at the end of the summer when we see exactly where our sales have come from,” he said.
A spokeswoman for the Association of British Travel Agents said, “Visitor numbers were up 12 percent year-on-year before July 7 and after the first attacks we didn’t see any mass cancellations. I don’t think anyone is going to cancel a trip to London, but in the future would people consider the city a tourist destination?”
David Smyth, director of business planning at FootFall, a provider of retail business information, said there were “real concerns” with regard to tourism.
“We are now entering the main summer season and some people may start to view London as a regular target for terrorist activity, rather than seeing the recent events as a one-off,” he said in a statement. “This could lead to tourists, both from overseas and from other parts of the U.K., going to other places for their holidays, which could have a serious impact on both retail and the economy.”
According to London-based retail consultancy SPSL shopper numbers, which had started to rebound after July 7, were down 26.9 percent on the day of the second attacks compared with the same day in 2004. They fell 74.1 percent on July 7 against the previous year.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion