Skip Ribbon Commands
Skip to main content

Market Commentary

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Weekly Retail & Leisure News - 12 December, 2016​​​​​​​​​​​​​​​​​​​​​

​​

November retail sales rise

Retail LFLs were up 0.6% in November according to the BRC, a marginal slowdown on October’s strong sales. Overall spend increased 1.3% YoY driven by food sales, which were up 1.5%. Black Friday weekend drove online sales growth of 10.7% on a three monthly basis, while overall in-store sales declined 0.8%.

As Black Friday shoppers continued to turn online for their bargains this year, footfall suffered a 1% decline in November, according to the BRC, following a 0.9% drop registered in October. Footfall on high streets dropped 0.7%, while shopping centre footfall fell 2.3% YoY, down for the 10th consecutive month. Retail Parks saw a 0.1% drop in their out-of-town locations across the UK, while a 0.8% drop was seen in Greater London.

Prime locations, however, continue to demonstrate resilience, as the right physical space combined with the appropriate digital offer is vital for strong retailer performance. Despite drops in footfall and economic uncertainty, high street rents across the UK and continental Europe are expected to show strong growth until 2018 at 4.4% a year. JLL’s most recent European property forecasts indicate that a number of UK cities are to be among the strongest performers, including London and Edinburgh. As stores are becoming increasingly important for brand experience and consumer service, retailer demand remains focused on top-tier locations that continue to demonstrate resilience. Recent examples include Mulberry, who will be taking some of the space at the former Austin Reed store on London’s Regent Street, English Cut, & Other Stories and Dr Martens.

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​​​​​​​​​​​​​​​​​​​​​​

​​​​​