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News Release

London

Jones Lang LaSalle comments on British Retail Consortium/KPMG Retail Sales Monitor


London,  11th February 2014- Commenting on analysis of January retail sales figures released today, James Brown, Head of European Retail Research at Jones Lang LaSalle, said: “These January figures are encouraging following a strong December. With online sales of non-food items strengthening, we are continuing to see the vital importance of E-commerce and for retailers to understand and use the physical space wisely, in what is becoming an increasingly virtual world.

“With an underlying economic recovery seemingly underway, coupled with a marked improvement in consumer confidence, the UK retail market appears to be showing signs of a sustained recovery. From a retail perspective we know that we are not going back to a pre-crisis environment, as structural change in retail has fundamentally changed retailer requirements for space and as a result, retail as we know it is being redefined. Multi-speed economic growth, retail sales growth and selective retailer demand for space in the UK will present opportunities in retail, but also continued uncertainty.”