UK Retail Parks 2018 - 2023

UK Retail Parks 2018 - 2023

Summary

"UK Retail Parks 2018 - 2023", report forms part of GlobalData's Retail Channels series, and offers a comprehensive insight into the consumer and market dynamics of the retail parks channel. The report analyses the market, which retailer consumers use and consumer attitudes of the location.

Retail parks are set to outperform the offline market over the next five years as spend rises 8.4% out to 2023 driven by food & grocery.

Reflecting the trend evident across the UK retail market, value general merchandisers clearly appeal to consumers with players including B&M, Wilko and Home Bargains ranking in the top 10 retailers visited in retail parks, across various product sectors.

Scope

- Retailer administrations and CVAs hit retail parks in 2018 with non-food spend falling 1.1% on 2017.
- Young consumers are the least likely to visit retail parks, as only 49.9% of 16-24 year olds visited a retail park in the last 12 months versus 59.3% of all consumers.
- Leisure facilities are often lacking in retail parks and need to be improved to increase dwell time.

Reasons to buy

- Use our in-depth consumer and market insight to learn about the growth of the retail parks location over the next five years.
- Understand which consumers are more likely to shop at retail parks at which retailers, and their shopping journeys.