Gloucester Quays enjoys record sales

20th January 2023 | Jack Oliver

Property developer Peel L&P has announced that south west outlet and dining destination Gloucester Quays reported record sales in 2022.

Sales at the Gloucester scheme last year surpassed both 2021 and 2019 by 6% and 9% respectively.

The figures, which covered the period from March 28 to December 31 2022, showed growth at the destination across all sectors. Against the same period in 2019, retail sales saw an increase of 8% while food and beverage sales jumped by 10.5%, both supplemented by leasing in 2022, which saw an upsize at fashion retailer Levi’s and the opening of Mediterranean eatery The Real Greek.

In December, Gloucester Quays welcomed bath, body, and beauty retailer Molton Brown, topping off a 2022 which saw over 15,000 sq ft of new lettings arrive at the scheme.

Peel L&P added that its Christmas results were also positive, despite a shift in consumer habits to start festive shopping early which saw footfall considerably up in November. Despite this, December sales were up 14% versus 2019, and 18% higher than 2021.

Gloucester Quays’ Christmas market returned in 2022, opening only at weekends as a response to customer demand. The destination saw footfall increase by 8% and sales rise by 13% across the seven Saturdays and Sundays before Christmas, while the open-air ice rink sold out each day.

Paul Carter, asset director at Peel L&P, said: “The emphasis in the past year has been to evolve Gloucester Quays in a joined-up way, creating a comprehensive offer that not only delivers an all-day experience, but also gives our customers good reason for return visits. These results suggest we are moving in the right direction, and we are now looking to 2023 as an exciting opportunity to continue that evolution for the benefit of the Gloucester Quays community.”


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