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Market Commentary

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Weekly Retail & Leisure News - 23​ November, 2015

October sales down, but long term trend remains positive

UK retail sales volumes fell 0.6% in October, following a 1.7% rise in September, when sales were helped by the Rugby World Cup, according to the Office for National Statistics (ONS). Despite a drop in retail sales on the month, long term retail sales continue to show positive growth, as consumers are benefitting from the combination of stronger wage increases and slightly falling prices; the UK's inflation rate remained at -0.1% in October.

Market share figures by Kantar World revealed this week that Aldi and Lidl combined now account for 10% of the grocery market. The figures were released as Lidl underlined the scale of its ambition in the UK by becoming the official supermarket of the England football team.

In other news impacting the UK retail sector, JLL has revealed that F&B operators have doubled the amount of floorspace they have taken in shopping centres in Europe over the last decade. Jonathan Doughty, Head of JLL’s EMEA Foodservice Consulting team, commented: “Consumers’ expectations of food and experiences have dramatically increased, and they are now seeking culinary adventure from restaurants. Across Europe, foodservice in shopping centres accounts for 15% of the total GLA and JLL predicts that this will rise to at least 20% over the next decade. Figures also show that customers who eat during a shopping centre trip spend on average 27 minutes longer across the shopping centre and spend 18% more in overall transactions.”

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