Destination’s Busiest Christmas Ever with 5.3% Sales Increase

  • Liverpool One reports its strongest start to a year since 2018
  • Visitor numbers increased by 10% in the first week of January 2024 compared to 2023
  • Destination had its busiest Christmas ever with over 3.9 million visitors and 5.3% increase in sales
  • Entertainment, beauty, and menswear were popular purchases
  • 25 brands opened, totaling 275,000 sq ft, including Gravity MAX and M&S
  • Goldsmiths’ largest showroom and other flagship stores also opened
  • 105,000 sq ft of space renewed or regeared by 27 brands
  • Chris Jukes, Grosvenor’s director, says 2023 was a milestone year for Liverpool ONE and plans to innovate in 2024

Grosvenor has reported that Liverpool One is on track for its best year since 2018, with a 10% increase in visitor numbers during the first week of January 2024 compared to 2023. The shopping destination had its busiest Christmas ever, welcoming over 3.9 million visitors and achieving an all-time high in sales during the festive period, up 1.9% from 2022 figures. Year-on-year sales soared by 5.3%, with entertainment, beauty, and menswear being popular purchases. In 2023, Liverpool ONE welcomed 25 brands, totaling 275,000 sq ft, including Gravity MAX and M&S, as well as the opening of Goldsmiths’ largest showroom and numerous regional flagship stores from brands like Swarovski, Boss, Hollister, Sweaty Betty, Space NK, Swatch, TAG Heuer, and Joe and the Juice, along with local brands Red Run and Bean Coffee Roasters. Additionally, 27 brands renewed or regeared, totaling 105,000 sq ft of space. Chris Jukes, Grosvenor’s director of Liverpool ONE, said that 2023 was a milestone year for the destination and played a role in hosting Eurovision 2023 while attracting retail firsts, international flagship openings, creative pop-ups, and independent and local brands. He added that they plan to continue innovating and evolving in 2024.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the performance of Liverpool One, including visitor numbers, sales figures, and new openings and renewals. It also includes a quote from Chris Jukes, Grosvenor’s director of Liverpool ONE, which adds credibility to the report.
Noise Level: 3
Noise Justification: The article provides relevant information about the performance of Liverpool One shopping center, including visitor numbers, sales, and new openings. It also includes quotes from a director of Grosvenor. However, it lacks analysis or exploration of long-term trends or consequences of decisions on those who bear the risks. Additionally, it could provide more evidence to support its claims with data or examples beyond just stating percentages.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the positive performance of Liverpool One shopping destination, impacting retail sales and brands’ performances in the area.
Financial Rating Justification: The article highlights the increase in visitor numbers, sales, and new brand openings at Liverpool One, which can affect the financial performance of these businesses and the local economy.
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 last 48 hours.

Reported publicly: www.retailsector.co.uk