Press release
UK Retail Parks 2018-2023 | Key players include Mothercare, Wilko, Dunelm, Home Bargains, Sports Direct, Maplin, Poundland, Carpetright, Superdrug, Matalan, Primark
UK Retail Parks
Summary
"UK Retail Parks 2018 - 2023", report forms part of Publisher's Retail Channels series, and offers a comprehensive insight into the consumer and market dynamics of the retail parks channel. The report analyses the market, which retailer consumers use and consumer attitudes of the location.
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Retail parks are set to outperform the offline market over the next five years as spend rises 8.4% out to 2023 driven by food & grocery.
Reflecting the trend evident across the UK retail market, value general merchandisers clearly appeal to consumers with players including B&M, Wilko and Home Bargains ranking in the top 10 retailers visited in retail parks, across various product sectors.
Scope
- Retailer administrations and CVAs hit retail parks in 2018 with non-food spend falling 1.1% on 2017.
- Young consumers are the least likely to visit retail parks, as only 49.9% of 16-24 year olds visited a retail park in the last 12 months versus 59.3% of all consumers.
- Leisure facilities are often lacking in retail parks and need to be improved to increase dwell time.
Reasons to buy
- Use our in-depth consumer and market insight to learn about the growth of the retail parks location over the next five years.
- Understand which consumers are more likely to shop at retail parks at which retailers, and their shopping journeys.
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