Gloucester Quays celebrates record year for leasing

11th January 2024 | Jack Oliver

Peel L&P is celebrating a record year for leasing in 2023 at its South West outlet destination Gloucester Quays.

Over the course of the year, the outlet centre welcomed the likes of PUMA, Timberland, and Next, and recorded year-on-year increases in footfall and sales of 5.5% and 6.5% respectively.

The shopping destination also saw double-digit growth towards the end of the year, exceeding its footfall and sales targets. In December, footfall was up by 9.1% compared to 2022 as visitors shopped and dined during the festive period. In November and December combined, retail and F&B spend increased year-on-year by 10.4% and 10.5% respectively. Retail was dominant in November, with sales increasing by 13.4%, before the emphasis shifted to food and beverage in December where sales grew by 12.7%.

Paul Carter, asset director at Peel L&P, said: “2023 was a milestone year for Gloucester Quays, and we are extremely proud of the outlet’s continued success: the record-breaking figures speak for themselves. The outlet continues to establish itself as a unique, industry-leading, all-day destination where both locals and new visitors alike want to spend meaningful time.

“Tracking these numbers really helps us understand who our visitors are and their motivations, and the way retail and F&B spend grew in November and December paints a great picture, something we will use to ensure we are consistently delivering a quality, tailored experience and tenant mix. We look forward to maintaining this momentum into 2024, upholding Gloucester Quays’ consistently engaging and diverse outlet offer.”


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