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Retail Locations Series: UK Town Centres Market 2023-2028

Publisher GlobalData
Published Oct 17, 2024
Length 63 Pages
SKU # GBDT19324837

Description

Retail Locations Series: UK Town Centres Market 2023-2028


Summary

The UK Town Centres Market 2023-2028 report offers comprehensive insight and analysis of UK Town Centres (including forecasts up to 2028), 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 seven key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, DIY & gardening and other. Consumer data is based on our 2024 UK How Britain Shops survey, using a panel of 9,000 nationally representative consumers.

The UK town centres market experienced significant growth in 2023, with a 5.9% increase to reach £119,860m. Inflation in the UK food & grocery sector

propelled this performance, accounting for 41.0% of the town centre market this year. We forecast the town centres market will grow slower to 2028, with a

projected five-year CAGR of 1.4% compared to 2.4% for town centres.

Scope
  • The food & grocery sector within town centres is expected to grow at a CAGR of 1.9% between 2023 and 2028.
  • 58% of town centre shoppers cited town centres being easy to travel to as an essential driver influencing their decision to visit.
  • The utilisation of services, including leisure facilities and food services, has witnessed a notable increase in recent years and is projected to continue growing.
Reasons to Buy
  • Identify the key retailers used by consumers to purchase products across various sectors.
  • Understand the key drivers behind consumers visiting town centres, and the services used in this location.
  • Use our in-depth analysis of the challenges faced by the town centres market, and what existing retailers must to do keep consumers visiting this location.
  • View our forecasts for town centres up to 2028, including which sectors are expected to prosper in the next five years.

Table of Contents

63 Pages
Executive Summary
Key Trend: Changes in consumer shopping behaviour lead to growing convenience store popularity
Key Trend: Labour’s reforms geared towards town centre revival
Key Trend: Changing consumer habits force retailers & services to adapt quickly to capture demand
Strategies for Success in the UK Town Centres Market
UK TOWN CENTRES MARKET 2023-2028
UK Town Centres Market, five year growth 2018 - 2028
UK Town Centres Market Size, 2018-2028​
UK Town Centres Channel Size, 2018-2028
UK Town Centres Channel Size as a proportion of Total Retail, 2018, 2023 & 2028
UK Town Centres Channel Size as a proportion of Offline Retail, 2018, 2023 & 2028
SECTOR PERFORMANCE AND FORECASTS 2023-2028
Key Category Trends
UK Town Centres: Sector summary
UK Town Centres Market by Sector %, 2018-2028
UK Town Centres Market Sector: Value and Forecast, 2023 & 2028
UK Town Centres Non-Food Growth vs Total Non-Food Retail Growth, 2018-2028
UK Town Centres Non-Food Growth vs Offline Non-Food Retail Growth, 2018-2028
UK Town Centres Non-Food Share of Total Non-Food Retail, 2018, 2023 & 2028
UK Town Centres Non-Food Share of Offline Non-Food Retail, 2018, 2023 & 2028
UK Town Centres Share of Overall Sector Sales, 2018, 2023 & 2028
COMPETITIVE LANDSCAPE
Top 10 Retailers Purchased from in Town Centres, 2024
Top 5 Retailers Purchased from in Town Centres, 2024
CONSUMERS
Key Consumer Trends
UK Town Centres Visitor Penetration, 2023 & 2024
UK Town Centres Visitor Profile, 2023 & 2024
UK Town Centres Shopper Penetration, 2023 & 2024
UK Town Centres Shopper Profile, 2023 & 2024
Sectors browsed & shopped in UK Town Centres, 2023 & 2024
UK Town Centres Visitor Frequency, 2024
UK Town Centres Visit Drivers, 2024
UK Town Centres Preference Drivers, 2024
Services Used at Key Locations, 2024
UK Town Centres Services Usage, 2024
Travel Time to Key Locations, 2022-2024
Travel Time to Town Centres, 2022-2024
Method of Travel to Key Locations, 2022-2024
Method of Travel to Town Centres, 2022-2024
Time Spent Retail Shopping, 2024
Time Spent Retail Shopping in a Town Centre, 2022-2024
Sectors Purchased at a Town Centre on The Last Visit, 2023 & 2024
METHODOLOGY, DEFINITIONS AND CONTACTS
List of Tables
UK Town Centres Market Sector Value and Forecast, 2023 & 2028
UK Town Centres Share of Overall Sector Sales, 2023 & 2028
UK Town Centres Preference Drivers %, 2024
UK Town Centres Services Usage %, 2024
List of Figures
Why convenience store shoppers visited this format in the last month
Top five sectors that consumers have brought from convenience stores in the last 12 months
UK consumers that have bought alcohol in the last 12 months, by generation
UK Town Centres Market GBPm, 2018, 2023, 2028e & CAGR %​
UK Town Centres Market Value GBPm, 2018-2028
UK Town Centres Market Annual Growth %, 2018-2028
UK Town Centres Growth vs Total Retail Growth, 2018-2028​
UK Town Centres Growth vs Offline Retail Growth, 2018-2028​
UK Town Centres Share of Total Retail %, 2018, 2023 & 2028
UK Town Centres Share of Offline Retail %, 2018, 2023 & 2028
UK Town Centres Sector Growth %, 2023-2028​
UK Town Centres Market by Sector %, 2018, 2023 & 2028​
UK Town Centres Non-Food Growth vs Total Non-Food Retail Growth, 2018-2028​
UK Town Centres Non-Food Growth vs Offline Non-Food Retail Growth, 2018-2028​
UK Town Centres Non-Food Share of Total Non-Food Retail %, 2018, 2023 & 2028
UK Town Centres Non-Food Share of Offline Non-Food Retail %, 2018, 2023 & 2028
Top 10 Most Purchased from Clothing Retailers in Town Centres %, 2024
Top 10 Most Purchased from Electricals Retailers in Town Centres %, 2024
Top 10 Most Purchased from Fashion Accessories Retailers in Town Centres %, 2024
Top 10 Most Purchased from Food & Grocery Retailers in Town Centres %, 2024
Top 10 Most Purchased from Footwear Retailers in Town Centres %, 2024
Top 5 Most Purchased from Greeting Cards Retailers in Town Centres %, 2024
Top 10 Most Purchased from Health & Beauty Retailers in Town Centres %, 2024
Top 10 Most Purchased from Homewares Retailers in Town Centres %, 2024
Top 10 Most Purchased from Jewellery Retailers in Town Centres %, 2024
Top 10 Most Purchased from Pets Retailers in Town Centres %, 2024
Top 10 Most Purchased from Sporting Equipment Retailers in Town Centres %, 2024
Top 10 Most Purchased from Stationery Retailers in Town Centres %, 2024
Top 10 Most Purchased from Toys & Games Retailers in Town Centres %, 2024
Top 5 Most Purchased from Books Retailers in Town Centres %, 2024
Top 5 Most Purchased from DIY Retailers in Town Centres %, 2024
Top 5 Most Purchased from Entertainment Retailers in Town Centres %, 2024
Top 5 Most Purchased from Furniture & Floorcoverings Retailers in Town Centres %, 2024
Top 5 Most Purchased from Gardening Retailers in Town Centres %, 2024
UK Town Centres Visitor Penetration %, 2023 & 2024
UK Town Centres Visitor Profile %, 2023 & 2024
UK Town Centres Shopper Penetration %, 2023 & 2024
UK Town Centres Shopper Profile %, 2023 & 2024
Sectors visited in UK Town Centres %, 2023 & 2024
Sectors shopped in UK Town Centres %, 2023 & 2024
UK Town Centres Visitor Frequency %, by demographic, 2024
UK Town Centres Visit Drivers %, 2024
UK Town Centres Preference Drivers %, by demographic, 2024
Services Used at Key Locations %, by location, 2024
UK Town Centres Services Usage %, by demographic, 2024
Travel Time to Key Locations %, by location, 2024
Travel Time to Town Centres %, 2022-2024
Method of Travel to Key Locations %, by location, 2024
Method of Travel to Town Centres %, 2022-2024
Time Spent Retail Shopping %, by location, 2024
Time Spent Retail Shopping in a Town Centre %, 2022-2024
Sector purchased at a town centre on last visit %, 2023 & 2024

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