Record year for Gloucester Quays
By Laura Enfield | 12th January 2024
Gloucester Quays had a record year of leasing in 2023 which saw double-digit growth in sales.
Leading international brands including Puma, Timberland, and Next opened shops at the outlet shopping centre.
Owner Peel L&P said the new additions and a busy calendar of events helped drive more shoppers to the quays.
This resulted in targets across footfall and sales being exceeded, surpassing 2022's figures by 5.5% and 6.5% respectively.
Footfall increased by 9.1% in December versus 2022, as visitors shopped and dined at the outlet ahead of Christmas. Overall spend has been trending up for longer when compared with the same months in 2022.
November and December combined saw sales rise considerably, retail and F&B spend increasing by 10.4% and 10.5% respectively.
Retail came to the fore in November with a 13.4% sales uplift, whilst 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.
"Tracking these numbers really helps us understand who our visitors are and their motivations, and the way retail and F&B spend grew in November and December paints a great picture, something we will use to ensure we are consistently delivering a quality, tailored experience and tenant mix.
"We look forward to maintaining this momentum into 2024, upholding Gloucester Quays' consistently engaging and diverse outlet offer."
Peel said it took "significant steps" in 2023 to make Gloucester Quays a more sustainable destination.
It became the first shopping-led destination in the country to achieve UKGBC's 'Net Zero Carbon - Operational Energy' accreditation, and followed that up with a 3* GRESB award.
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