Covering April 2022 to March 2023, the outlet has benefitted from an 8% uptick in retail sales, bolstered by new stores from international lifestyle retailer Timberland, and an upsized Levi’s, now their largest flagship outlet in the UK. Mixed fashion outperformed 2021/22 by 15%, 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 F&B sector also continued to improve, following the announcement earlier this year of the 10.5% sales growth throughout the 2022 calendar year. Looking at the 2022/23 financial year, Gloucester Quays’ café brands experienced an 8% revenue increase, as did the bar-led venues, in a clear indication of visitors spending more leisure time at the destination.
“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”, comments Paul Carter, Asset Director at Peel L&P.