Weekly Retail & Leisure News - 19 December, 2016
sales volumes were up 0.2% in November from the previous month, and 5.9% on
November 2015, according to the ONS. Retailers saw continued growth in the
run-up to Christmas, as consumer spending remains buoyant, despite wider
worries about the impact of Brexit on the economy. Department stores and
household goods stores had a particularly strong month, especially in sales of
electronic goods, boosted by Black Friday deals.
Sales volumes were also boosted by the record tourist spend, which was up 41%
in November, according to Global Blue. The tourism influx, particularly to
London’s West End, has been driven mainly by Asian visitors looking to take
advantage of the weak pound. Chinese visitor spend, accounting for a quarter of
total tourist spend, was up by 63% in November, Taiwanese visitor spend
increased by 160%, while shoppers from Hong Kong and the US increased their
spend by 127% and 88% respectively.
In other news, the F&B sector is accelerating its move online, as food
delivery companies intensify their battle for market share. London based online
food delivery company Just Eat has acquired Hungry House, and Canada's
SkipTheDishes, as it looks to expand its presence in the sector. And competitor
Deliveroo is also expanding, via its 'Roobox kitchen' concept. The
concept, which incorporates physical kitchens without any restaurant attached,
was launched earlier this year; Deliveroo is planning to take the number of
Roobox sites from three to 20 by the end of this year, and to have 150 bricks
and mortar sites across the country by the end of 2017.
Wishing you a very Merry Christmas and a Happy New
Over the past two years
JLL has raised over £625,000 for its fantastic charity partner Starlight
Children’s Foundation. This support is particularly vital over the festive
season so instead of buying corporate Christmas cards, we will donate £1
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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
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