UK Town Centre Retailing

Publication Date	June 2007
Publisher	Verdict
Product Type	Report
Pages	165
ISBN Number	not applicable
Product Code	VDT00241

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Summary

Introduction

Covering retailers based on high streets and in shopping centres, this report identifies and analyses current and future town centre retail development issues. It includes data and trends for town centre retailing as a whole and for types of retailer over the last 10 years and forecasts for the next five years. It also ranks the Top 20 UK town centres.

Scope

Market value and growth, space, sales densities and store numbers 1996-2006 with forecasts to 2011 for town centre retailing
Key retailers' share of town centre retailing, a comparison of the top 12 town centre retailers and the top 20 town centres
Analysis and opinion of the key issues affecting town centre retailing and analysis of shopping centre development pipeline 2006-2011

Highlights

Over the next five years the UK's town centres are set to come under increasing pressure as consumer demand slows and competition from rival retail channels intensifies.

While the strong pipeline of new shopping centres should help reduce the impact of weakening underlying consumer demand, we remain cautious in our outlook and expect average town centre sales densities to slip into reverse from 2009.

Department stores in particular will be driving town centre growth with John Lewis set to open five new stores by 2011 after minimal space growth activity during the previous five years and Debenhams committed to 25 new department stores also by 2011.

Reasons to Purchase

Identify the leading town centre retailers, the key issues they face and their recent and future expansion plans.
Track town centre's retail performance as a whole, or by individual sector both over the last decade and its likely performance moving forward.
Benchmark individual retailers' performance against the market and compare their key operating statistics.

Content

CHAPTER 1 EXECUTIVE SUMMARY
- Key Findings
- Main Conclusions
CHAPTER 2 MARKET ANALYSIS
- Market Definitions
- Town Centre Summary
- Retail Spending by Location
- Town Centre Sales and Sources of Growth
- Store Numbers by Location
- Floorspace by Location
- Sales Densities by Location
- Town Centre Space
- Town Centre Sectors
- Books, News & Stationery
- Clothing & Footwear
- Department Stores
- Electricals
- Food & Grocery
- Furniture & Floorcoverings
- General Merchandise Retailers
- Health & Beauty
- Music & Video
CHAPTER 3 RETAIL ISSUES
- Return to Growth
- Competition from Other Locations
- Out-of-town Increases Share Across All Retail Sectors
- Rapid Online Growth Continues
- Weaker Town Centre Players Continue to Struggle
- Music & Video
- Clothing Specialists
- Toy Specialists
- Books & Stationery
CHAPTER 4 COMPANY DATA ANALYSIS
- Town Centre Sales
- Profits & Margins
- Store Portfolio
- Sales Densities
- Advertising Media Expenditure
CHAPTER 5 LEADING UK TOWN CENTRES AND COVERED MALLS
- Methodology
- Number of Physical Outlets and Total Retail Selling Space
- Key Department Store Anchors and Fashion Retailers
- Catchment Population
- Parking and Transport Quality
- Presence of a Concentrated Shopping Offer
- Recent Retail Space Expansion
- Affluence Levels
- Competing Draw of an Out-of-town Offer Nearby
- Geographical Supremacy
- Top 10 Town Centres & Covered Malls
- Top 10 Covered Malls
- Top 20
- Greater London
- South- east
- South-west
- Wales
- West Midlands
- East Midlands
- East Anglia
- Yorkshire & Humberside
- North-east & North-west
- Scotland
- Northern Ireland
CHAPTER 6 OUTLOOK
- Town Centre Summary
- Town Centre Sectors
- Town Centre Development
CHAPTER 7 GLOSSARY
- Financial Statistics - VAT
- Abbreviations
LIST OF TABLES
- Table 1: Retail location definitions 2007
- Table 2: Town centre sales, space and stores 1996, 2001 & 2006
- Table 3: Retail spending by location at current prices 1996-2006
- Table 4: Sales through town centre retailers 1996-2006
- Table 5: Sources of growth for town centre retailers 1996-2006
- Table 6: Store numbers by location 1996-2006
- Table 7: Town centre floorspace vs all stores 1996-2006
- Table 8: Sales densities by location at current prices 1996-2006
- Table 9: Town centre space by location 1996-2006
- Table 10: Town centre sales and share of sector 2006
- Table 11: Books, news & stationery specialists in the town centre 2001 and 2006
- Table 12: Town centre clothing & footwear specialists 2001 and 2006
- Table 13: Town centre department stores 2001 and 2006
- Table 14: Town centre electricals specialists 2001 and 2006
- Table 15: Town centre grocers and food specialists 2001 and 2006
- Table 16: Town centre furniture & floorcoverings specialists 2001 & 2006
- Table 17: Town centre general merchandise retailers 2001 and 2006
- Table 18: Town centre health & beauty specialists 2001 and 2006
- Table 19: Town centre music & video specialists 2001 and 2006
- Table 20: Demand side factors impacting the town centre 2007
- Table 21: Major town centre casualties January 2006 - April 2007
- Table 22: Leading retailers (A-H) turnover record (ex-VAT) 1997-2007
- Table 23: Leading retailers (H-N) turnover record (ex-VAT) 1997-2007
- Table 24: Leading retailers (O-Z) turnover record (ex-VAT) 1997-2007
- Table 25: Leading retailers (A-H) operating profit 1997-2007
- Table 26: Leading retailers (H-N) operating profit 1997-2007
- Table 27: Leading retailers (O-Z) operating profit 1997-2007
- Table 28: Leading retailers (A-H) operating margins 1996-2006
- Table 29: Leading retailers (H-N) operating margins 1996-2006
- Table 30: Leading retailers (O-Z) operating margins 1996-2006
- Table 31: Leading high street retailers (A-H) selling space (000 sq ft) 1997-2007
- Table 32: Leading high street retailers (H-N) selling space (000 sq ft) 1997-2007
- Table 33: Leading high street retailers (O-Z) selling space (000 sq ft) 1997-2007
- Table 34: Leading high street retailers (A-H) store numbers 1997-2007
- Table 35: Leading high street retailers (H-O) store numbers 1997-2007
- Table 36: Leading high street retailers store numbers 1997-2007
- Table 37: Leading retailers sales densities (A-H) 1997-2007
- Table 38: Leading retailers sales densities (H-N) 1997-2007
- Table 39: Leading retailers sales densities (O-Z) 1997-2007
- Table 40: Town centre retailers advertising spend breakdown (000) 2006
- Table 41: Town centre retailers advertising expenditure 2001-2006
- Table 42: Town centre retailers advertising spend breakdown (%) 2006
- Table 43: Weighting of Top 20 factors 2007
- Table 44: Top 10 covered malls by size 2007
- Table 45: Verdict's Top 20 UK Shopping Centres 2007
- Table 46: Greater London key statistics 2007
- Table 47: South-east key statistics 2007
- Table 48: South-west key statistics 2007
- Table 49: Wales key statistics 2007
- Table 50: West Midlands key statistics 2007
- Table 51: East Midlands key statistics 2007
- Table 52: East Anglia/East of England key statistics 2007
- Table 53: Yorkshire & Humberside key statistics 2007
- Table 54: North-east & North-west key statistics 2007
- Table 55: Scotland key statistics 2007
- Table 56: Northern Ireland key statistics 2007
- Table 57: Town centre summary data 2001, 2006 & 2011
- Table 58: Town centre vs total retail spending 1996-2011
- Table 59: Town centre sales by sector 2001, 2006 & 2011
- Table 60: Town centre space by sector 2001, 2006 & 2011
- Table 61: Shopping centre developments (major schemes only - gross retail space sq ft) 2007-2010
LIST OF FIGURES
- Figure 1: Share of total retail expenditure by location 1996-2006
- Figure 2: Retail issues influencing the town centre 2007
- Figure 3: Leading retailers town centre stores change in sales (adjusted to calendar years) 2006 on 2001
- Figure 4: Leading retailers town centre stores change in sales (adjusted to calendar years) 2006 on 2005
- Figure 5: Leading retailers % share of town centre sales 1996, 2001 & 2006
- Figure 6: Town centre retailers change in operating profit (adjusted to calendar years*) 2006 on 2001
- Figure 7: Town centre retailers change in operating profit (adjusted to calendar years*) 2006 on 2005
- Figure 8: Operating margins of clothing specialists and department stores 1996-2006
- Figure 9: Operating margins of household goods and other retailers 1996-2006
- Figure 10: Space growth of leading town centre retailers (adjusted to calendar years) 2006 on 2001
- Figure 11: Space growth of town centre retailers (adjusted to calendar years) 2006 on 2005
- Figure 12: Leading retailers share of town centre space (adjusted to calendar years) 1996, 2001 and 2006
- Figure 13: Change in store numbers 2006 on 2001
- Figure 14: Change in store numbers 2006 on 2005
- Figure 15: Average store size sq ft (adjusted to calendar years) 1996, 2001 and 2006
- Figure 16: Sales density growth of town centre stores 2006 on 2001
- Figure 17: Sales density growth of town centre stores 2006 on 2005
- Figure 18: Advertising expenditure as a percentage of sales - household goods and other retailers 2002-2006
- Figure 19: Advertising expenditure as a percentage of sales - clothing specialists and department stores 2002-2006
- Figure 20: Top 10 retail locations 2007 scores vs 2002
- Figure 21: Top 10 retail locations in the UK 2007
- Figure 22: Key retail locations in Greater London 2007
- Figure 23: Key retail locations in the South-east 2007
- Figure 24: Key retail locations in Wales 2007
- Figure 25: Key retail locations in the West Midlands 2007
- Figure 26: Key retail locations in the East Midlands 2007
- Figure 27: Key retail locations in East Anglia 2007
- Figure 28: Key retail locations in Yorkshire & Humberside 2007
- Figure 29: Key retail locations in the North-east 2007
- Figure 30: Key retail locations in the North-west 2007
- Figure 31: Key retail locations in Scotland 2007
- Figure 32: Retail spending growth vs town centre sales 1996-2011
- Figure 33: Town centre sales sources of growth 1996-2011
- Figure 34: Town centre market share breakdown by sector 2006
- Figure 35: Forecast town centre market share breakdown by sector 2011
- Figure 36: Percentage point change in sector shares of town centre sales 2006-2011