Abstract
Overview
Introduction
Covering retailers based on high streets and in shopping centres, this report identifies and analyses current and future town centre retail issues. It includes data and trends for town centre retailing as a whole and for types of retailer over the last 10 years and forecasts for the next five years. It also ranks the Top 10 UK town centres.
Scope
- Market value and growth, space, sales densities and store numbers 1997-2007 with forecasts to 2012 for town centre retailing
- Key retailers' share of town centre retailing, a comparison of the top 12 town centre retailers and the top 10 town centres
- Analysis and opinion of the key issues affecting town centre retailing and comprehensive analysis of shopping centre development pipeline 2007-2012
Report Highlights
As a mature channel town centre retailing is one of the worst hit victims of the consumer spending downturn. Competition amongst the various sales channels is intensifying, with town centres losing out to online and out-of-town. Over the last decade, town centres have seen store numbers fall by 7.9% and sales growth has been sluggish.
2008 will see the beginnings of a huge oversupply of space in Town centres. Sales densities are set to plummet and new stores will cannibalise sales of existing ones. Occupancy rates at new shopping centre developments are likely to be high, but slowing growth in spending will likely result in higher vacancy rates in older high streets.
Liverpool and Leicester are the big winners in this year' s Top 10 shopping destinations, while Gateshead Metro centre retains its place as the UK' s biggest covered mall. Bluewater suffers the largest fall in this years top 10.
Reasons to Purchase
- Identify the leading town centre retailers, the key issues they face and their recent and future expansion plans.
- Track town centre' s retail performance as a whole, or by individual sector both over the last decade and its likely performance moving forward.
- Identify which areas of the UK are set for development of their retail propositions and how they are likely to fare.
Table of Contents
- CHAPTER 1 EXECUTIVE SUMMARY
- Key Findings
- Main Conclusions
- CHAPTER 2 MARKET ANALYSIS
- Market Definitions
- Town Centre Summary
- Retail Spending by Location
- Town Centre Sales Growth
- Store Numbers by Location
- Floorspace by Location
- Sales Densities by Location
- Town Centre Sectors
- Books, News & Stationery
- Clothing & Footwear
- Department Stores
- Electricals
- Food & Grocery
- Furniture & Floorcoverings
- General Merchandise Retailers
- Health & Beauty
- Music & Video
- CHAPTER 3 RETAIL ISSUES
- Competition Commission
- Planning Policy
- Increased Competition from Other Locations
- Out-of-town
- E-retail
- Neighbourhood Retailing
- Rent Revolt
- Economic & Consumer Downturn
- Retailer Casualties
- Ponden Mill
- Dolcis
- Stead & Simpson
- The Works
- Envy
- Select Retail
- Mexx
- George
- Morgan
- Ethel Austin
- Ossian Retail
- MK One
- Delayed Developments
- New Developments
- Liverpool One
- Westfield White City
- CHAPTER 4 COMPANY DATA ANALYSIS
- Town Centre Sales
- Profits & Margins
- Stores
- Sales Densities
- Advertising Media Expenditure
- CHAPTER 5 LEADING UK TOWN CENTRES AND COVERED MALLS
- Methodology
- Number of Physical Outlets and Total Retail Selling Space
- Key Department Store Anchors and Fashion Retailers
- Catchment Population
- Parking and Transport Quality
- Presence of a Concentrated Shopping Offer
- Vacancy Rates
- Affluence Levels
- Competing Draw of an Out-of-town Offer Nearby
- Geographical Supremacy
- Top 10 Town Centres & Covered Malls
- Greater London
- South-east
- South-west
- Wales
- West Midlands
- East Midlands
- East Anglia
- Yorkshire & Humberside
- North-east
- North-west
- Scotland
- Northern Ireland
- Methodology
- CHAPTER 6 OUTLOOK
- Town Centre Summary
- Town Centre Sectors
- Town Centre Development
- CHAPTER 7 GLOSSARY
- Financial Statistics - VAT
- Abbreviations
- List of Tables
- Table 1: Retail location definitions 2008
- Table 2: Town centre sales, space and stores 1997, 2002 & 2007
- Table 3: Retail spending by location at current prices 1997 to 2007
- Table 4: Sales through town centre retailers 1997-2007
- Table 5: Sources of growth for town centre retailers 1997-2007
- Table 6: Store numbers by location 1997 to 2007
- Table 7: Town centre floorspace vs. all stores 1997-2007
- Table 8: Sales densities by location at current prices 1997-2007
- Table 9: Town centre sales and share of sector 2007
- Table 10: Books, news & stationery specialists in the town centre 2002 and 2007
- Table 11: Clothing & footwear specialists in town centre 2002 and 2007
- Table 12: Department stores in town centre 2002 and 2007
- Table 13: Electricals specialists in town centres 2002 and 2007
- Table 14: Grocery & food specialists in town centres 2002 and 2007
- Table 15: Furniture & Floorcoverings Specialists in Town Centres 2002 and 2007
- Table 16: General merchandise retailers in town centres 2002 and 2007
- Table 17: Health & beauty specialists in town centres 2002 and 2007
- Table 18: Music & video specialists in town centres 2002 and 2007
- Table 19: Economic & consumer factors impacting town centre retailing 2008
- Table 20: Predominantly town centre retailers entering administration in six months to May 2008
- Table 21: Delayed major shopping centre developments 2008
- Table 22: Leading retailers (A-H) turnover record (ex-VAT) 1998-2008
- Table 23: Leading retailers (H-N) turnover record (ex-VAT) 1998-2008
- Table 24: Leading retailers (O-Z) turnover record (ex-VAT) 1998-2008
- Table 25: Leading retailers (A-H) operating profit 1998-2008
- Table 26: Leading retailers (H-N) operating profit 1998-2008
- Table 27: Leading retailers (O-Z) operating profit 1998-2008
- Table 28: Leading retailers (A-H) operating margins 1998-2008
- Table 29: Leading retailers (H-N) operating margins 1998-2008
- Table 30: Leading retailers (O-Z) operating margins 1998-2008
- Table 31: Leading high street retailers (A-H) selling space 1998-2008
- Table 32: Leading high street retailers (H-N) selling space 1998-2008
- Table 33: Leading high street retailers (O-Z) selling space 1998-2008
- Table 34: Leading high street retailers (A-H) store numbers 1998-2008
- Table 35: Leading high street retailers (H-O) store numbers 1998-2008
- Table 36: Leading high street retailers store numbers 1998-2008
- Table 37: Leading retailers sales densities (A-H) 1998-2008
- Table 38: Leading retailers sales densities (H-N) 1998-2008
- Table 39: Leading retailers sales densities (O-Z) 1998-2008
- Table 40: Town centre retailers advertising spend breakdown 2007
- Table 41: Town centre retailers advertising expenditure 2002-2007
- Table 42: Town centre retailers advertising spend breakdown (%) 2007
- Table 43: Weighting of factors determining Top 10 centres in 2008
- Table 44: Verdict' s Top 10 UK shopping centres 2008
- Table 45: Top 10 covered malls by size July 2008
- Table 46: Greater London key statistics 2008
- Table 47: South-east key statistics 2008
- Table 48: South-west key statistics 2008
- Table 49: Wales key statistics 2008
- Table 50: West Midlands key statistics 2008
- Table 51: East Midlands key statistics 2008
- Table 52: East Anglia key statistics 2008
- Table 53: Yorkshire & Humberside key statistics 2008
- Table 54: North-east key statistics 2008
- Table 55: North-west key statistics 2008
- Table 56: Scotland key statistics 2008
- Table 57: Northern Ireland key statistics 2008
- Table 58: Town centre summary data 2002, 2007 & 2012
- Table 59: Town centre vs. total retail spending 1997-2012
- Table 60: Town centre sales by sector 2002, 2007 & 2012
- Table 61: Town centre space by sector 2002, 2007 & 2012
- Table 62: Shopping centre developments (major schemes only - gross retail space sq ft) 2007-2012
- Table 63: Shopping centre developments (major schemes only - gross retail space sq ft) 2007-2012
- List of Figures
- Figure 1: Share of total retail expenditure by location 1997-2007
- Figure 2: Retail issues & their implications for town centre retailing 2008
- Figure 3: Space growth by locations between 2007 & 2012.
- Figure 4: Leading retailers town centre stores change in sales (adjusted to calendar years) 2007 on 2002
- Figure 5: Leading retailers town centre stores change in sales (adjusted to calendar years) 2007 on 2006
- Figure 6: Leading retailers % share of town centre sales 1997, 2002 & 2007
- Figure 7: Town centre retailers change in operating profit (adjusted to calendar years) 2007 on 2002
- Figure 8: Town centre retailers change in operating profit (adjusted to calendar years) 2007 on 2006
- Figure 9: Operating margins of clothing specialists and department stores 1997-2007
- Figure 10: Operating margins of household goods and other retailers 1997-2007
- Figure 11: Space growth of leading town centre retailers (adjusted to calendar years) 2007 on 2002
- Figure 12: Space growth of town centre retailers (adjusted to calendar years) 2007 on 2006
- Figure 13: Leading retailers share of town centre space (adjusted to calendar years) 1997, 2002 and 2007
- Figure 14: Change in store numbers 2007 on 2002
- Figure 15: Change in store numbers 2007 on 2006
- Figure 16: Average store size sq ft (adjusted to calendar years) 1997, 2002 and 2007
- Figure 17: Sales density growth of town centre stores 2007 on 2002
- Figure 18: Sales density growth of town centre stores 2007 on 2006
- Figure 19: Advertising expenditure as a percentage of sales - household goods and other retailers 2002-2007
- Figure 20: Advertising expenditure as a percentage of sales - clothing specialists and department stores 2002-2007
- Figure 21: Top 10 retail locations in the UK 2008
- Figure 22: Change in rank of Top 10 retail locations 2008
- Figure 23: Key retail locations in Greater London 2008
- Figure 24: Key retail locations in the South-east 2008
- Figure 25: Key retail locations in South-West 2008
- Figure 26: Key retail locations in Wales 2008
- Figure 27: Key retail locations in the West Midlands 2008
- Figure 28: Key retail locations in the East Midlands 2008
- Figure 29: Key retail locations in East Anglia 2008
- Figure 30: Key retail locations in Yorkshire & Humberside 2008
- Figure 31: Key retail locations in the North-east 2008
- Figure 32: Key retail locations in the North-west 2008
- Figure 33: Key retail locations in Scotland 2008
- Figure 34: Retail spending growth vs. town centre sales 1997-2012
- Figure 35: Town centre sales sources of growth 1997-2012
- Figure 36: Town centre market share breakdown by sector 2007
- Figure 37: Forecast town centre market share breakdown by sector 2012
- Figure 38: Percentage point change in sector shares of town centre sales 2007-2012
