Outlet Sees Double-Digit Growth in Footfall and Sales
- Gloucester Quays had a record year of leasing in 2023
- Footfall increased by 9.1% in December compared to 2022
- Sales rose by 10.4% and 10.5% for retail and F&B respectively in November and December
- International brands like PUMA, Timberland, and NEXT joined the outlet
- Retail sales increased by 13.4% in November, F&B spend rose by 12.7% in December
- Asset director Paul Carter credits data-driven decisions for success
South West urban outlet Gloucester Quays experienced a milestone year in 2023, with double-digit growth in footfall and sales. The retail and leisure destination surpassed its targets, attracting international brands like PUMA, Timberland, and NEXT. Footfall increased by 9.1% in December compared to 2022, while overall spend was up for longer than the same months in 2022. November and December saw sales rise by 10.4% and 10.5% respectively, with retail leading in November (13.4% uplift) and F&B spending rising in December (12.7%) as visitors prioritized shopping early and socializing closer to the holiday. Asset director Paul Carter credits data-driven decisions for the outlet’s success and plans to maintain momentum in 2024.
Factuality Level: 10
Factuality Justification: The article provides accurate information about the performance of Gloucester Quays in 2023, including specific growth percentages and details on footfall and sales figures for different months. It also includes a quote from an asset director that supports the claims made.
Noise Level: 1
Noise Justification: The article provides information about the success of a specific shopping outlet in terms of footfall and sales growth, but it lacks broader relevance or analysis of long-term trends or consequences for society. It also does not hold any powerful people accountable or explore unexpected events. The content is mostly focused on one location’s performance and does not offer actionable insights beyond the context of that specific place.
Financial Relevance: Yes
Financial Markets Impacted: Gloucester Quays retail and leisure destination
Financial Rating Justification: The article discusses the financial performance of Gloucester Quays, a retail and leisure destination, which impacts the companies operating within it.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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