Oct 31, 2017
The UK retail parks were able to attract poach customers from the high street, as a result, the market is expected to grow 13.8% between 2017 and 2022. According to GlobalData’s 2,000-respondent survey, 90% of consumers have shopped at a retail park in the last 12 months, with 54.3% visiting at least once a month, illustrating their broad customer appeal. Also, 49.6% of those visiting retail parks browsed clothing & footwear retailers, superseding the 42.1% for homewares.
The study also found that simultaneous increase seen in retail parks, which tend to feature larger, warehouse-style outlets, reflected demand for furniture and household goods. Overall, retail parks are becoming more attractive to shoppers as they become less dominated by traditional out-of-town retailers within sectors such as electricals and DIY & gardening, and more by high street retailers in clothing & footwear as well as health & beauty, such as Next and Boots.
Contents of the Report
- Introduction
- The hot issues
- What people buy
- Where people shop
- Who people shop with
- How people shop
- Why people shop
- Methodology
Key benefits of buying this profile include:
- Utilise our five year forecasts to 2022 for the retail parks market and sector penetration to understand the main areas of growth in the sector.
- Identify the key players in the retail parks market using our in-depth analysis of how and why certain sectors are performing in the market to gain strategic insight into this retail format.
- Recognise which consumers are shopping at retail parks, those which are shopping there most frequently as well as the shopper profile of consumers visiting individual sectors in retail parks.
- Utilise analysis of shoppers’ motivations and browsing/purchasing behavior to enable a better understanding of the market moving forward.
About GlobalData
GlobalData is a leading provider of global business intelligence including market, competitor, and product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe, and Asia. The group has over 50 years of experience in delivering market intelligence data and analysis and a highly experienced senior management team.
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