United Kingdom (UK) Town Centres Market Analysis by Sectors, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

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UK Town Centres Market Overview

The UK town centres market size was GBP 102.8 billion in 2022. The market is expected to grow at a CAGR of more than 2% during 2022-2027. Retail sales in town centres are expected to grow at a slower rate than total retail sales in the UK over the forecast period, as e-commerce becomes more buoyant up to 2027. However, retailers can appeal to shoppers who want to shop offline by maintaining a wide range of products and keeping prices low enough to compete with their online rivals.

UK Town Centres Market Outlook, 2022-2027 (GBP Billion)

UK Town Centres Market Outlook, 2022-2027 (GBP Billion)

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The United Kingdom (UK) town centres market research report offers comprehensive insight and analysis of the UK town centres, the key retailers, and consumer attitudes. It provides an in-depth analysis of the market size and forecasts, sector performance and forecasts, retailer usage across different sectors, and consumer data.

Market Size (2022) GBP 102.8 billion
CAGR (2022-2027) >2%
Historical Period 2017-2022
Forecast Period 2023-2027
Key Sectors ·        Clothing & Footwear

·        Health & Beauty

·        Electricals

·        Homewares

·        Food & Grocery

·        Furniture & Floorcoverings

·        DIY & Gardening

Key Retailers ·        Primark

·        Currys

·        Sports Direct

·        TK Maxx

·        Boots

·        Tesco

·        Pandora

·        The Works

·        The Entertainer

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UK Town Centres Market Trends

  • The government and retailers have made efforts to rejuvenate town centres and bring back shoppers through several initiatives that encourage retailers to open stores in prime locations. Rejuvenating town centres to attract consumers helps small businesses with subsidized rent.
  • Consumers stated that it was important for them to have an enjoyable shopping experience when visiting town centres. To encourage them back into physical stores, many retailers have adapted retail units to be visually appealing and interactive for consumers. This can range from offering exclusive services such as in-store one-on-one personal training to unique store layouts and designs.

UK Town Centres Market Segmentation by Sectors

The cost-of-living crisis boosts food & grocery spending in town centres.

The key sectors in the UK town centres market are food & grocery, health & beauty, clothing & footwear, DIY & gardening, homewares, furniture & floorcoverings, and electricals, among others. Food & grocery was the strongest sector in the town centres market in 2022 and experienced the highest growth rate during the forecast period.

UK Town Centres Market Analysis by Sectors, 2022 (%)

UK Town Centres Market Analysis by Sectors, 2022 (%)

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UK Town Centres Market - Competitive Landscape

Some of the leading retailers in the UK town centres are:

  • Primark
  • Currys
  • Sports Direct
  • TK Maxx
  • Boots
  • Tesco
  • Pandora
  • The Works
  • The Entertainer

UK Town Centres Market Analysis by Retailers, 2023

UK Town Centres Market Analysis by Retailers, 2023

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Segments Covered in the Report

UK Town Centres Sectors Outlook (Value, GBP Billion, 2017-2027)

  • Clothing & Footwear
  • Health & Beauty
  • Electricals
  • Homewares
  • Food & Grocery
  • Furniture & Floorcoverings
  • DIY & Gardening

Scope

– As clothing & footwear players focus on right-sizing their store portfolios, town centres will be the hardest hit locations with declining spend being further impacted over the next five years.

– Despite having fewer UK stores in comparison to Marks & Spencer and New Look, Primark was the most visited retailer in town centres for clothing.

– Although food service options are often visited in town centres, other leisure services are less prevalent as town centre visits are likely to be shorter and convenience-driven.

Key Highlights

  • Value players located in town centres are expected to have outperformed as consumers switched away to save money during the cost-of-living crisis.
  • The cost-of-living crisis has led to a reduction in consumer spending on non-essential products, ensuring a greater proportion of sales in town centres.
  • Primark performed well in 2023 ranking as the top retailer used by town centre shoppers for clothing, footwear, and fashion accessories.

Reasons to Buy

  • Identify the key retailers used by consumers to purchase products across various sectors.
  • Understand the key drivers behind consumers visiting town centres and the services used in these locations.
  • Use our in-depth analysis of the challenges faced by the town centres market, and what existing retailers must to do keep consumers visiting this location.
  • View our forecasts for town centres up to 2027, including which sectors are expected to prosper in the next five years.

Adidas
Amazon
Apple
Arcadia
Argos
Boots
Charity Super.mkt
Claire's Accessories
Clarks
Currys
Debenhams
DFS
Dyson
Ernest Jones
F.Hinds
Flying Tiger Copenhagen
Footlocker
GAME
Goldsmiths
Gymshark
H Samuel
H&M
HMV
Holland & Barrett
Home Bargains
Homesense
JD Sports
John Lewis & Partners
Kick Game
Lego
Lululemon
Lush
Mamas & Papas
Marks & Spencer
Natuzzi
New Look
Next
Nike
Pandora
Poundland
Primark
ProCook
Ralph Lauren
River Island
Ryman
Savers
Schuh
Selfridges
Sephora
Smyths Toys
Sports Direct
Superdrug
Swarovski
The Body Shop
The Entertainer
The Fragrance Shop
The Perfume Shop
The Range
The Works
Tiffany and Co
TK Maxx
Trinny London
Warren James
Wilko
Zara
Zara Home

Table of Contents

  • 1. Executive Summary
  • 2. Key Trends in the UK Town Centres Market 2022-2027

    • 2.1. Key trends

  • 3. UK Town Centres Market 2022-2027

    • 3.1. Market size and forecasts
    • 3.2. Sector performance and forecasts

  • 4. Competitive Landscape

    • 4.1. Retailer usage

  • 5. Consumers

    • 5.1. Penetration & profile
    • 5.2. Sectors visited & shopped
    • 5.3. Visitor frequency
    • 5.4. Visit drivers
    • 5.5. Preference drivers
    • 5.6. Services usage
    • 5.7. Travel time, method of travel & time spend at locations

  • 6. Methodology, Definitions & Contacts

Table

UK Town Centres Market Sector Value and Forecast, 2022 & 2027

UK Town Centres Share of Overall Sector Sales, 2022 & 2027

UK Town Centres Preference Drivers %, 2023

UK Town Centres Services Usage %, 2023

Figures

UK Town Centres Market GBPm, 2017, 2022, 2027e & CAGR %​

UK Town Centres Market Value GBPm, 2017-2027

UK Town Centres Market Annual Growth %, 2017-2027

UK Town Centres Growth vs Total Retail Growth, 2017-2027​

UK Town Centres Growth vs Offline Retail Growth, 2017-2027​

UK Town Centres Share of Total Retail %, 2017, 2022 & 2027

UK Town Centres Share of Offline Retail %, 2017, 2022 & 2027

UK Town Centres Sector Growth %, 2022-2027​

UK Town Centres Market by Sector %, 2017, 2022 & 2027​

UK Town Centres Non-Food Growth vs Total Non-Food Retail Growth, 2017-2027​

UK Town Centres Non-Food Growth vs Offline Non-Food Retail Growth, 2017-2027​

UK Town Centres Non-Food Share of Total Non-Food Retail %, 2017, 2022 & 2027

UK Town Centres Non-Food Share of Offline Non-Food Retail %, 2017, 2022 & 2027

Top 10 Most Purchased from Clothing Retailers in Town Centres %, 2023

Top 10 Most Purchased from Electricals Retailers in Town Centres %, 2023

Top 10 Most Purchased from Footwear Retailers in Town Centres %, 2023

Top 10 Most Purchased from Fashion Accessory Retailers in Town Centres %, 2023

Top 10 Most Purchased from Health & Beauty Retailers in Town Centres %, 2023

Top 10 Most Purchased from Homewares Retailers in Town Centres %, 2023

Top 10 Most Purchased from Jewellery Retailers in Town Centres %, 2023

Top 10 Most Purchased from Stationery Retailers in Town Centres %, 2023

Top 10 Most Purchased from Toys Retailers in Town Centres %, 2023

Top 5 Most Purchased from Books Retailers in Town Centres %, 2023

Top 5 Most Purchased from Furniture & Floorcoverings Retailers in Town Centres %, 2023

Top 5 Most Purchased from DIY Retailers in Town Centres %, 2023

Top 5 Most Purchased from Gardening Retailers in Town Centres %, 2023

Top 5 Most Purchased from Entertainment Retailers in Town Centres %, 2023

UK Town Centres Visitor Penetration %, 2022 & 2023

UK Town Centres Visitor Profile %, 2022 & 2023

UK Town Centres Shopper Penetration %, 2022 & 2023

UK Town Centres Shopper Profile %, 2022 & 2023

Sectors visited in UK Town Centres %, 2022 & 2023

Sectors shopped in UK Town Centres %, 2022 & 2023

Top 10 UK Town Centres Purchased From %, 2023

UK Town Centres Visitor Frequency %, 20223

UK Town Centres Visit Drivers %, 2023

UK Town Centres Preference Drivers %, 2023

Services Used at Key Locations %, 2023

UK Town Centres Services Usage %, 2023

UK Town Centres Visitor Frequency, 2023

Travel Time to Key Locations %, 2023

Travel Time to Town Centres %, 2021-2023

Method of Travel to Key Locations %, 2023

Method of Travel to Town Centres %, 2021-2023

Time Spent Retail Shopping %, 2023

Time Spent Retail Shopping in a Town Centre %, 2021-2023

Sector purchased at a Town Centre %, 2023

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