United Kingdom (UK) Supermalls Market Size, Trends, Categories, Consumer Attitudes and Key Players to 2028
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United Kingdom (UK) Supermalls Market Report Overview
The United Kingdom (UK) supermalls market size was GBP11.26 billion in 2023. The market will yield a CAGR of more than 1% during 2023-2028.
UK Supermalls Market Outlook 2023-2028 (GBP Billion)
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The UK Supermalls Market 2023-2028 report offers comprehensive insight and analysis of UK Supermalls (including forecasts up to 2028), the key retailers, and consumer attitudes. It provides an 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 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and others. Consumer data is based on our 2024 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
| Market Size (2023) | GBP11.26 Billion |
| CAGR (2023-2028) | >1% |
| Key Sectors | · Clothing & Footwear
· Food & Grocery · Electricals · Health & Beauty · Furniture & Floorcoverings |
| Leading Players | · Primark
· Apple · Pandora · H&M · Next |
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UK Supermalls Market Dynamics
A rise in vacant store units and the growth of online shopping have necessitated supermalls to diversify revenue and enhance customer engagement. As consumer preferences continue to shift towards demand for immersive and unique shopping experiences, supermalls are repositioning themselves for longer-term success. Supermalls have repurposed large empty units into leisure spaces, and retailers have invested in concept stores, aiming to transform supermalls into a lifestyle destination, which will attract a broader demographic and encourage consumers to stay for longer.
Leveraging customer insights is integral to ensuring customer retention. Supermalls must utilize center loyalty schemes and seek customer feedback to remain agile against changing consumer trends. By analyzing shopping patterns and preferences, supermalls can better negotiate new tenant agreements and approach a broader range of brands for leasing opportunities.
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UK Supermalls Market Segmentation by Sectors
The key categories in the UK supermalls market are clothing & footwear, food & grocery, electricals, health & beauty, and furniture & floorcoverings, among others. In 2023, the UK clothing & footwear supermalls sector accounted for the highest market share.
Retailers with stronger offline performances, including Primark, have expanded their supermalls presence. Primark opened a new, larger store in Westfield Stratford, covering two floors, in March 2024. Fashion, footwear, and accessories constitute a large proportion of the store. However, it also offers beauty and homewares, bolstering these sectors’ performance in this location.
UK Supermalls Market Analysis by Sectors, 2023 (%)
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UK Supermalls Market – Competitive Landscape
The leading retailers in the UK supermalls market are:
- Primark
- Apple
- Pandora
- H&M
- Next
Consumers have responded well to new players entering the supermall market, such as Sephora and Reserved, as they hail the wide range of supermall retailers as drivers for visiting. The variety of retailers means that consumers can shop across various sectors, which helps to bolster footfall and dwell time, reducing the need to shop elsewhere as it enables consumers to fulfill multiple shopping missions in one place. Supermalls must continue to entice more retailers to open stores in this location, focusing on food & drink and home retailers, as these sectors have substantial demand, but limited choice compared to more established supermall sectors like clothing & footwear.
UK Supermalls Market Analysis by Retailers, 2023 (%)
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Scope
The UK Supermalls Market 2023-2028 report offers comprehensive insight and analysis of UK Supermalls (including forecasts up to 2028), the key retailers, and consumer attitudes. It provides an 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 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and others. Consumer data is based on our 2024 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
Reasons to Buy
- Identify the key retailers used by consumers to purchase products across various sectors.
- Understand the key drivers behind consumers visiting supermalls and the services used in these locations.
- Use our in-depth analysis of the challenges faced by the supermall market, and what existing retailers must to do keep consumers visiting this location.
- View our forecasts for supermalls up to 2028, including which sectors are expected to prosper in the next five years.
Adidas
Apple
Argos
B&M
Bershka
Boots
Build-A-Bear
Card Factory
Claire's Accessories
Clintons
Currys
Flying Tiger Copenhagen
GAME
Goldsmiths
H&M
H&M Home
H. Samuel
HMV
Home Bargains
House of Fraser
Inditex
JD Sports
John Lewis & Partners
Lego Shop
Marks & Spencer
New Look
Next
Nike
Pandora
Poundland
Primark
Pull & Bear
Puma
Reserved
Robert Dyas
Savers
Sephora
Skechers
Smiggle
Smyths Toys
Space NK
Sports Direct
Superdrug
Swarovski
TAGHeuer
Tempur Mattresses
The Body Shop
The Entertainer
The Perfume Shop
The Range
The Works
Tiffany & Co.
TK Maxx
Tudor
Warren James
Watches of Switzerland
Waterstones
WH Smith
Zara
Table of Contents
Table
Figures
Frequently asked questions
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What was the UK supermalls market size in 2023?
The UK supermalls market size in 2023 was GBP11.26 billion.
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What will the UK supermalls market growth rate be during 2023-2028?
The UK supermalls market will witness a CAGR of more than 1% during 2023-2028.
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Which sector accounted for the highest UK supermalls market share in 2023?
In 2023, the UK clothing & footwear supermalls sector accounted for the highest market share.
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Which are the leading retailers in the UK supermalls market?
Primark, Apple, Pandora, H&M, and Next are the leading players in the UK supermalls market.
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