Gloucester Quays reveals year end sales figures
By Laura Enfield | 26th April 2023
Sales at Gloucester Quays grew by 6% across the last financial year, reports owner Peel L&P.
It said the increase was thanks to the addition of more famous brands and "diversifying" the restaurant offerings.
The 60-acre outlet centre benefitted from an 8% uptick in retail sales from April 2022 to March 2023.
The figure was bolstered by new stores including global brand Timberland and an upsized Levi's, now their largest flagship outlet in the UK.
The centre also welcomed the return of FatFace and Next which opened a 5,509 sq ft store earlier this month. It was a homecoming for the retailer, which returned to the same unit it occupied from 2009- 2019.
Mixed fashion saw an increase of 15% compared to the previous year, while footwear-focused tenants saw an 11% growth in total, closely followed by beauty and wellbeing, and sports and outdoor clothing, both at 6%.
Performance in the food and beverage sector continued to improve, following a 10.5% sales growth last year. Gloucester Quays' café brands experienced an 8% revenue increase in the 22/23 financial year, as did the bar-led venues.
Peel L&P said it is a clear indication of visitors spending more leisure time at the destination.
The centre also welcomed a new restaurant with The Real Greek opening late last year and has signed El Mexicana , with plans for it to launch in the 600 sq ft unit nextdoor later this year.
Paul Carter, asset director at Peel L&P, said: "Outlets provide a great shopping and leisure experience with a real emphasis on value for money, and the performance at Gloucester Quays over the past year shows that our catchment sees that.
"We have in this time delivered more options, introducing some of the best-known retailers and diversifying the food offer, all with the aim of increasing Gloucester Quays' appeal for visitors.
"We are delighted to see this continued growth, and are planning on taking it even further, with new and exciting leasing additions and a bigger events calendar over the course of the next year."
Peel L&P owns and manages a £2.5 billion portfolio which encompasses 12million sq ft of property, including The Trafford Centre and 20,000 acres of land and water across the UK.
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