Liverpool ONE hails strong sales uplift
Grosvenor has revealed that Liverpool ONE has seen a 16.5% uplift in sales since the start of 2023 compared to the same period in the previous year.
The shopping destination has also increased its footfall by 6.5% in the period and is predicting growth of around 8% in the run-up to summer as the city prepares for the Eurovision Song Contest.
Iain Finlayson, estate director at Liverpool ONE, said: “We have had a good start to the year, with a 16.5% sales increase that we can attribute to the excellent performance across our stores, especially among footwear, sports and leisure and beauty.
“Despite being very mindful of the economic landscape and how the cost-of-living crisis could impact us, we are pleased to see 2022’s strong sales and footfall levels continue into 2023, making Liverpool ONE one of the best performing retail and entertainment destinations in the UK.”
In 2022, 36 brands signed, renewed or regeared at the destination, including Under Armour, Charlotte Tilbury, Omega, Russell & Bromley, Rituals, Slim Chickens, Size?, Black Sheep Coffee and Bread Street Kitchen. In addition, M&S will be opening a new 100,000 square foot flagship at Liverpool ONE later this year.
Looking ahead, Finlayson said: “While we are still in a very challenging period as people become more cautious with their spending, we are optimistic of the expected boost from Eurovision, as well as remaining confident in our strong mix of brands and experiences to suit all budgets. With more brands preparing to open their doors at Liverpool ONE, the future looks bright in uncertain times for the UK.”
