Skip Ribbon Commands
Skip to main content

Market Commentary

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Weekly Retail & Leisure News - 25​​​​​​​​​​​​​​​​​ April, 2016​​​​​​​​​​​​​​​​​

London is most attractive international retail market in the world

JLL's latest global retail report 'Destination Retail 2016' examines the presence of 240 international retail brands across 140 international cities, assessing the drivers, opportunities and barriers to their expansion, and also ranks the attractiveness of cities. London tops the rankings and has the highest presence of international retailers compared to its global peers. London also edges out Hong Kong in terms of luxury brand presence.

London continues to be a magnet for new brands thanks to its unique blend of market size, maturity and high degree of transparency. The UK capital has a long history of success, driven by a diverse base of locals and tourists, and many retailers regard London as the entry point to Europe, including recent entrants J.Crew, Arc'teryx, Club Monaco, Kit and Ace, and John Varvatos. "Structural change is sweeping the retail industry as technology and e-commerce platforms become more sophisticated; however, demand for the right physical space, in the right location, is stronger than ever," said James Brown, Director of Global Retail Research for JLL. "Borders are becoming less of an issue for retailers pursuing opportunities overseas and we're seeing the global retail landscape shifting fast to accommodate the change”.

In other positive news for the UK’s retail market, retail sales volumes rose 2.7% in March, compared to last year according to the ONS, the 35th consecutive month of annual growth. Average store prices, including petrol stations, were 3.0% lower in March compared with a year earlier, indicating that UK inflation will continue to remain low. However the amount spent in the retail industry dropped marginally by 0.1% year-on-year, with growth in online sales continuing to outstrip sales from physical outlets.

Register here for Destination Retail 2016, which examines global retailers and their presence across the world's leading retail cities

Thank You!

A representative will be in contact with you shortly.




Sign up

If you would like to read more of our market commentary and gain further insight into the UK retail and leisure market, sign up for our weekly newsletter, delivered to your inbox every Monday afternoon. ​Preview email

​​

​Contact us​​​​​​​​​​​​​​​​

​​​