The UK Town Centres Market 2022-2027 report offers comprehensive insight and analysis of UK Town Centres (including forecasts up to 2027), the key retailers, and consumer attitudes. It provides in-depth analysis of the following: the market size and forecasts, sector performance and forecasts, retailer usage across different sectors, and consumer data. The report focuses on 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and other. Consumer data is based on our 2023 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
The UK town centres market's prospects were hindered by the pandemic, with the value of this location declining by 12.7% in 2020, due to all retailers viewed as ‘non-essential' being forced to close stores temporarily. However, the UK Town Centres market had been in decline since before the pandemic, with the market diminishing in size between 2017 and 2019. The Town Centres market is now recovering, having grown by 10.9% in 2022, and reaching a market value of £102.8bn. market has been boosted by recovering footfall and demand.
The UK town centres market's prospects were hindered by the pandemic, with the value of this location declining by 12.7% in 2020, due to all retailers viewed as ‘non-essential' being forced to close stores temporarily. However, the UK Town Centres market had been in decline since before the pandemic, with the market diminishing in size between 2017 and 2019. The Town Centres market is now recovering, having grown by 10.9% in 2022, and reaching a market value of £102.8bn. market has been boosted by recovering footfall and demand.
Scope
- 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 are attributed to the food & grocery sector.
- 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 this location.
- 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.
Table of Contents
- Executive summary
- Key Trends: The rejuvenation of Town Centres
- Key Trends: Experiences instore drive footfall by combining retail and leisure
- Key Trends: Consumers take advantage of leisure services while visiting shops
- Key Trends: Discounters expand presence in Town Centres
- UK Town Centres MARKET 2022-2027
- UK Town Centres Market, five year growth 2017 - 2027
- UK Town Centres Market Size, 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
- SECTOR PERFORMANCE AND FORECASTS 2022-2027
- Key Category Trends
- UK Town Centres Sector Growth %, 2022-2027
- UK Town Centres Market by Sector %, 2017, 2022 and 2027
- UK Town Centres Market Sector Value and Forecast, 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 & Offline Non-Food Retail, 2017, 2022 & 2027
- UK Town Centres Share of Overall Sector Sales, 2017, 2022 & 2027
- COMPETITIVE LANDSCAPE
- Top 10 Retailers Purchased from in Town Centres, 2022
- CONSUMERS
- Key consumer trends
- 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 & shopped in UK Town Centres, 2022 & 2023
- UK Town Centres Purchased From, 2023
- UK Town Centres Visitor Frequency, 2023
- 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, 2021-2023
- Travel Time to Key Locations, 2021-2023
- Travel Time to Town Centres, 2021-2023
- Method of Travel to Key Locations, 2021-2023
- Method of Travel to Town Centres, 2021-2023
- Time Spent Retail Shopping, 2023
- Time Spent in Town Centres, 2023
- Sectors purchased in a town centre on the last visit, 2023
- METHODOLOGY, DEFINITIONS AND CONTACTS
- 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
- 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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
