Gloucester Quays saw double-digit growth in 2023

Gloucester Quays saw double-digit growth in 2023

Gloucester Quays has joined the growing number of regional shopping centres delivering strong performances in 2023.

Gloucester Quays

Operator Peel L&P said it’s celebrating a “milestone” year of record leasing for the South West England urban outlet with the retail and leisure destination enjoying success on three fronts.

It recorded double-digit growth at the close of 2023, exceeded targets across footfall and sales, and experienced high demand from international powerhouse brands throughout the year.

The “significant rise in both footfall and sales” surpassed 2022 figures by 5.5% and 6.5%, respectively.

The outlet also experienced record leasing, welcoming a number of leading international names to its line-up, including Puma, Timberland, and Next “driving footfall to the destination combined with its comprehensive, full-day out experience and busy calendar of consumer activations”.

Gloucester Quays saw footfall increase 9.1% year-on-year in December while overall spend “had been trending up for longer when compared with the same months in 2022”, it noted.

November and December combined saw sales “rise considerably”, with retail and F&B spend increasing 10.4% and 10.5% respectively.

It said retail came to the fore in November with a 13.4% sales uplift, while the emphasis shifted to F&B in December as spend rose by 12.7%, “indicating that visitors had greater focus on getting Christmas shopping done earlier, and then prioritised socialising closer to the holiday”.

Paul Carter, Asset Director at Peel L&P, said: “2023 was a milestone year for Gloucester Quays, and we are extremely proud of the outlet’s continued success: the record-breaking figures speak for themselves. The outlet continues to establish itself as a unique, industry-leading, all-day destination where both locals and new visitors alike want to spend meaningful time.”

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