Gloucester Quays sees 7.4% sales uptick in FY24
The 7.4% year-on-year sales increase across Gloucester Quays’ current tenants was split between 6.1% for retail and 8.5% for F&B
Gloucester Quays has announced a “record” Christmas trading with sales a 7.4% sales increase in FY24, 6.7% ahead of the national average.
With Black Friday falling on November payday in 2024, and some retailer offers in advance of that date, the Christmas period proved successful for Gloucester Quays’ tenants.
Across November and December, retail sales grew by 3.6% compared with 2023 – which was itself a record year – and F&B sales were up 7.6%. The performance uptick was supported by the free-to-attend christmas market, which ran for the 12th time, with more than 100 stalls and an ice rink.
The overall 7.4% year-on-year sales increase across Gloucester Quays’ current tenants was split between 6.1% for retail and 8.5% for F&B.
Double-digit growth from leading fashion, homeware, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing, Le Creuset, and Suit Direct was boosted by new lettings for Pret a Manger and Bakers and Baristas.
Paul Carter, asset director at Peel Retail and Leisure, said: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands. These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment.
“There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”
