PUBLISHER: GlobalData | PRODUCT CODE: 1384419
PUBLISHER: GlobalData | PRODUCT CODE: 1384419
The UK Retail Parks Market 2022-2027 report offers comprehensive insight and analysis of UK Retail Parks (including forecasts up to 2027), the key retailers, and consumer attitudes. It provides in-depth analysis of the following: the market size and forecasts, sector performance and forecasts, retailer usage across different sectors, and consumer data. The report focuses on 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and other. Consumer data is based on our 2023 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
Of the three key UK locations, retail parks are growing at the fastest rate, with a five-year CAGR of 2.7% between 2022 and 2027, compared to 2.1% in town centres and 2.3% in supermalls. Indeed, the success of retail parks in 2022 resulted in this location outpacing the total retail market. With many retailers struggling to maintain profit margins, under pressure from heightened business costs, retail parks have become more attractive compared to town centres as retailers take advantage of sustained footfall.