THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Meadowhall grows footfall and sales

Meadowhall's joint owner London & Stamford said yesterday that the shopping centre continued to outperform the market and grow sales in spite of the challenging retail market.

GENERAL MERCHANDISE

Meadowhall grows footfall and sales

Meadowhall's joint owner London & Stamford said yesterday that the shopping centre continued to outperform the market and grow sales in spite of the challenging retail market.

Footfall in the centre has grown by 2.7% in the year to date and sales have increased by 1.4%. London & Stamford said this represented a “significant outperformance against the national average”.

The landlord said Meadowhall was now 97% occupied. 16 new leases have been completed since the beginning of April and contracts exchanged  on a further four. Recent openings include Boux Avenue and Fashion Rocks and new lettings include Van Mildert, Beaverbrooks, Krispy Kreme and Vans.

The £7 million refurbishment of the centre’s Oasis Food Court is now halfway through its programme and on  schedule to complete in October ahead of budget. 

London & Stamford chief executive Patrick Vaughan said: “London & Stamford remains committed to identifying and making investments with the potential to deliver strong, sustainable income, whilst adding shareholder value through the implementation of asset management initiatives and achieving good returns on asset disposals where we consider it appropriate.”

He added that the company was continuing to assess new opportunities within the retail and other markets and hoped to make further material investment during this financial year. 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process