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UK Retail Parks 2018-2023: Set to Outperform the Offline Market Over the Next Five Years as Spend Rises 8.4% Out to 2023, Driven by Food & Grocery - ResearchAndMarkets.com

February 5, 2019

DUBLIN--(BUSINESS WIRE)--Feb 5, 2019--The “UK Retail Parks 2018-2023” report has been added to ResearchAndMarkets.com’s offering.

UK Retail Parks 2018-2023 report 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.

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. Accounting for almost one third of the market in 2018, food & grocery will bolster spend as discounters continue to implement ambitious store opening plans.

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. Partly due to the retailer and product choice available but also due to the limited public transport options making the location difficult to access without a car.

Reflecting the trend evident across the UK retail market, value general merchandisers clearly appeal to consumers with players including B&M, Wilko, Dunelm, The Range and Home Bargains ranking in the top 10 retailers visited in retail parks, across various product sectors. Larger stores on retail parks, enable general merchandisers selling a wide product range including large items such as furniture, to showcase their full product offering with shoppers easily able to transport items purchased to cars parked nearby.

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 in-depth consumer and market insights 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.

Topics Covered

WHAT PEOPLE BUY

Headlines Definition Overall channel size Sector summary Spend per head

WHO PEOPLE SHOP WITH

Sectors visited: Clothing Sectors visited: DIY Sectors visited: Electricals Sectors visited: Food & grocery Sectors visited: Footwear Sectors visited: Furniture & floorcoverings Sectors visited: Gardening Sectors visited: Health & beauty Sectors visited: Homewares

HOW AND WHY PEOPLE SHOP

Who visits Headlines Who visits: penetration Who visits: profile Who visits: frequent visitor penetration The shopper journey Sectors visited and purchased Shopping habits Retail versus leisure Shopper motivations

Companies Mentioned

Toys R Us Mothercare B&M Wilko Dunelm Next Sports Direct Aldi Lidl Maplin Poundland Carpetright River Island Superdrug Matalan ASDA Primark TK Maxx New Look Tesco JD Sports B&Q Screwfix Argos GAME John Lewis EE Sainsbury’s Morrisons Iceland Clarks IKEA ScS Missguided and more...

For more information about this report visit https://www.researchandmarkets.com/research/k4zczv/uk_retail_parks?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190205005619/en/

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Related Topics:Retail

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: DEPARTMENT STORES RETAIL SPECIALTY SUPERMARKET

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/05/2019 09:31 AM/DISC: 02/05/2019 09:31 AM

http://www.businesswire.com/news/home/20190205005619/en

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