Bookseller's Royal Festival Hall shop to be first in 70 years
Foyles has confirmed a deal to open up a bookstore at London's Royal Festival Hall. The 3,230 sq ft (300 sq m) shop will trade from one floor, and will be the first opening for the retailer in 70 years.

The move follows recent success for the bookseller, which increased sales by 9.6 per cent to£12.5 million in the year to last June. Operating profit before exceptional costs was£215,000 - the first time the retailer has been in the black for seven years. Foyles' Charing Cross Road store in the West End recently completed a£4 million refit and computer systems upgrade. Like-for-like December sales rose 17.9 per cent, bucking the poor Christmas trend.

Foyles chairman Christopher Foyle said: 'The Royal Festival Hall and Foyles are both internationally renowned brands, and there's an attractive synergy with both Foyles on Charing Cross Road and the South Bank offering a vibrant mix of musical, arts and literature programming.'

The store is expected to open in June.

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