New signings at Liverpool ONE contribute to boost in sales
Liverpool ONE has credited its selection of UK and international brands as it enjoys a boost in sales at the beginning of 2023.
Since the start of the year, the Liverpool scheme has enjoyed a 16.5% increase in sales compared to the same period in 2022, outperforming the national average of 5.2% (BRC data).
The centre has also benefitted from a 6.2% increase in footfall for the year to date against 2022, and is predicting a rise of a further 8% as the city gears up the arrival of Eurovision this summer.
Asset manager Grosvenor said these figures reflected an unprecedented demand for Liverpool ONE amongst retailers, with the scheme seeing 36 brands signing, renewing, or regearing at the centre in 2022, for a total of 330,000 sq ft. Included in these deals were Under Armour, Charlotte Tilbury, Omega, Russell & Bromley, Rituals, Slim Chickens, size?, Black Sheep Coffee, and Bread Street Kitchen.
Gravity is also currently fitting out a £10m 100,000 sq ft leisure and entertainment destination, while M&S prepares to open a flagship store of the same size, both occupying the former Debenhams store at Liverpool ONE.
Iain Finlayson, estate director at Liverpool ONE, said: “Despite being very mindful of the economic landscape and how the cost-of-living crisis could impact us, we are pleased to see 2022’s strong sales and footfall levels continue into 2023”.
“With more brands preparing to open their doors at Liverpool ONE, the future looks bright in uncertain times for the UK”, he added.
Metis and CBRE are Liverpool ONE’s leasing agents for retail, while Metis and Stärka act on leisure and hospitality.