THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Insight: outlet sector outperforms wider retail market

The UK outlet sector is outperforming the wider retail market according to a new report. The study by global real estate advisor CBRE found that outlet… View Article

PROPERTY

Insight: outlet sector outperforms wider retail market

The UK outlet sector is outperforming the wider retail market according to a new report.

The study by global real estate advisor CBRE found that outlet sales have grown at a faster pace than all shopping centres in recent years. 

The report shows that a number of UK centres recorded almost double-digit sales per year between 2012 and 2017. Bicester was found to be the most successful with sales densities higher than any other mall in the world.

The sector’s strong track record means that it has attracted more attention from investors in recent years. In addition to being backed by UK based institutional capital, the outlet centre sector’s investor base has now diversified to include REITs and global capital. 

The report shows that the UK has the highest floorspace of outlets per capita in Europe, but a large part of this is outside the top ten to twelve outlet centre assets. Colliers said there are still areas where outlet penetration is low with opportunities for development.

2020 will see two new additions to the premium outlet market when Cannock and Scotch Corner open for business. Glasgow and Grantham are also expected to see the opening of new outlets in the next few years. 

Rhodri Davies, head of UK retail at CBRE, said: “Outlets have become increasingly attractive to brands and investors alike. Flexible lease structures, with strong landlord controls and the capacity for operators to achieve a swift return on investment through increases in sales, provide a stable platform for investors. While the discount model seems to resonate increasingly with shoppers.

“When well-located with a high-quality leisure experience, outlet centres present a unique experience tailored to the modern consumer, and should continue to perform in the new retail landscape.”
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >