SnapShop Monthly Summary – October 2013

Posted At: 17 October 2013 16:00 PM
Related Categories: Retailers

October has shown further signs of increasing optimism in the UK retail industry.

• Research from Deloitte shows that during the first nine months of 2013, the total number of businesses entering administration fell by 16.4% when compared to 2012. Of this, the retail sector saw a drop of 9.6%, from 175 appointments in the same period in 2012 to 142 in 2013.
• Quarterly ONS figures show retail sales have grown by 1.5% between June and September, representing the fastest growth since the start of the recession in March 2008.
• According to research from Verdict, fourth quarter retail spending is predicted to grow 2.2% to £88.4bn, with 3.2% growth forecast for the clothing and footwear sectors.

Indeed, since our last update in September, we only have two administrations to report. Collectables Retail appointed KPMG as administrators following sustained difficult trading, and Robbie Williams filed for voluntary bankruptcy to his men’s clothing line Farrell.

The UK retail property market also seems to be benefiting from this increased optimism, with research from DTZ revealing that during the first nine months of 2013, shopping centre investment transactions broke through the £3bn mark to reach £3.1bn. The transactions involved 52 shopping centres in comparison to the 29 centres transacted during the whole of 2012 which totalled £2.5bn.

Backing up the data is the aggressive expansion plans being announced by a number of UK retailers, both for the UK and internationally, and some retailers launching their debut UK stores ahead of further planned openings throughout the country.

SnapShop members can log on to see who’s new to the UK market and who’s on the expansion trail.
 

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