Weekly Retail & Leisure News - 15 February, 2016
After a generally positive Christmas trading period,
momentum has been maintained in the UK retail market, with January’s LFLs up
2.6% according to the BRC. On a total basis, sales were up 3.3% compared to
last year. Spending is now at a four-month high, with sales growth driven by
consumers buying big-ticket items like furniture and white goods. Furthermore,
the grocery market seems to be improving. Figures from Kantar Worldpanel show
that the market is returning to slow growth, registering a total increase of 0.2%
in the 12 weeks to the end of January.
For the first time since 2011 the Co-op was the fastest growing non-discounter,
increasing sales by 1.4%. Sainsbury’s sales also increased for the sixth period
in a row, growing by 0.6% as Tesco and Waitrose similarly showed signs of
improvement. However both discounters, Aldi and Lidl, saw growth accelerate
further; Lidl to 18.7% and Aldi to 13.7%, with their share of the market
increasing by 0.7% points.
In other positive news for the sector, footfall across the UK rose 1.2% in
January. The BRC’s data showed that the number of shoppers heading to the high
street grew 0.2%. Shopping centres also held their own, with stable visitor
numbers while retail parks remained the best performers, with footfall rising
by 5.2% year-on-year. This is the first time all three types of shopping
destination did not record a drop in footfall since December 2011.
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Director, Head of Retail Research (UK & EMEA)
+44 (0)20 3147 1155
Director, Head of UK Retail & Leisure
+44 (0)20 7318 7838