United Kingdom (UK) Retail Parks Channel to 2025 - Consumer and Market Dynamics

United Kingdom (UK) Retail Parks Channel to 2025 - Consumer and Market Dynamics

  • December 2020 •
  • 61 pages •
  • Report ID: 5995617 •
  • Format: PDF
United Kingdom (UK) Retail Parks Channel to 2025 - Consumer and Market Dynamics

Summary
United Kingdom (UK) Retail Parks Channel to 2025 - Consumer and Market Dynamics report forms part of Retail Channels series, and offers a comprehensive insight into the consumer and market dynamics of the retail parks channel. The report analyses the market, which retailer consumers visit, consumer shopping habits and consumer attitudes of the location.

The overall UK retail parks market is forecast to decline by 4.6% in 2020, the best performing key location as total offline spend falls by 12.9% due to the impacts of COVID-19.

Spend in retail parks is set to increase by 8.3% out to 2025, though the decline in the market in 2020 and subsequent rebound in 2021 masks slowing growth in the location.

Scope
- The sector mix in retail parks is expected to change drastically in 2020 due to the impacts of COVID-19 that leads to the outperformance of food & grocery, DIY & gardening and homewares.
- 32.3% of consumers said that they have visited retail parks at least once a week since March, compared to 27.4% in the 12 months before March, with consumers turning to the location for their shopping, attracted by a safer experience than that in town centres and supermalls.
- Food & grocery is the most shopped sector at retail parks, with 67.9% and 65.8% of visitors browsing and purchasing respectively, with the grocers consistently in the top 10 retailers visited across all sectors.

Reasons to Buy
- Use our in-depth consumer and market insight to learn about the growth of the retail parks location over the next five years, and understand why the location is forecast to have outperformed other locations in 2020.
- Understand which consumers are more likely to shop at retail parks at which retailers to help attract more shoppers to retail parks.
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