MANCHESTER has been named as the top retail destination outside London for the second year running.
Manchester city centre is ranked second only to London's Oxford Street in terms of retail spend, according to new research out today.
"Not only have we retained our position as the top destination for retail outside London for the fourth year running but the city’s luxury shopping offer has been acknowledged as one of the best outside of the capital"
The 2014 RetailVision Report by Callcredit Information Group lists the UK's top 50 shopping centres by revenue.
London's Oxford Street generated a whopping £1.43bn of retail revenue last year, followed by Manchester (£910m), Birmingham (£849m) and Glasgow (£813m).
Interestingly, Liverpool (£705m) and Leeds (£628m) both outperformed Edinburgh (£622m) in generated revenue.
In terms of percentage of 'premium stores' (above average price), Manchester (10.2%) was pipped by Cheshire Oaks (17.6%) and the Trafford Centre (11.2%).
Manchester Arndale
The Heart of Manchester BID, which represents over 380 city centre retailers, is attributing the city’s continued success to its diverse retail offering and annual events programme which has boosted both footfall and spend.
Jane Sharrocks, General Manager, Selfridges Exchange Square and Chair, Heart of Manchester BID said:
“This is fantastic news for Manchester. Not only have we retained our position as the top destination for retail outside London for the fourth year running but the city’s luxury shopping offer has been acknowledged as one of the best outside of the capital.
“Manchester city centre continues to attract new brands and over the last year we’ve seen a diverse mix of new stores open up in the city, including 7 For All Mankind, Rapha Cycle Club, Footlocker Kids, Michael Kors, Goldsmith’s Boutique, TAG Heuer, Thomas Sabo and Perfect Home, with many more deals in the pipeline, demonstrating the compelling proposition the city centre offers for retailers, particularly those expanding out of London."
Trafford Centre
Councillor Pat Karney, Manchester city centre spokesperson, said: “The 2014 RetailVision report shows that Manchester is performing very strongly as a retail destination.
"We had an excellent programme of events throughout the year - not least Manchester Day, the Food and Drink Festival and the Christmas Lights switch-on - and these, along with the great range of shops we have in the city, help to make it a must-visit destination for people from all over the country and indeed the world."
See the full report below:
The UK's Top 50
|
Ranking |
Retail Centre Name |
Retail Centre Type |
Retail Revenue (£m) |
|
1 |
Oxford Street |
Premier Shopping |
1,434 |
|
2 |
Manchester |
Major City Centre |
910 |
|
3 |
Birmingham |
Major City Centre |
849 |
|
4 |
Glasgow |
Major City Centre |
813 |
|
5 |
Knightsbridge |
Premier Shopping |
710 |
|
6 |
Liverpool |
Major City Centre |
705 |
|
7 |
Westfield Stratford City Shopping Centre |
Large Out of Town Shopping Centre |
648 |
|
8 |
Leeds |
Major City Centre |
628 |
|
9 |
Edinburgh |
Major City Centre |
622 |
|
10 |
Leicester |
City Centre |
619 |
|
11 |
Nottingham |
Major City Centre |
617 |
|
12 |
Westfield London Shopping Centre (White City) |
Large Out of Town Shopping Centre |
611 |
|
13 |
Norwich |
Major City Centre |
573 |
|
14 |
Kingston upon Thames |
Primary London Centre |
552 |
|
15 |
Brighton |
Major City Centre |
550 |
|
16 |
Reading |
City Centre |
550 |
|
17 |
Newcastle-upon-Tyne |
Major City Centre |
510 |
|
18 |
Cardiff |
Major City Centre |
497 |
|
19 |
Belfast |
City Centre |
467 |
|
20 |
Trafford Shopping Centre |
Large Out of Town Shopping Centre |
459 |
|
21 |
Bristol |
City Centre |
447 |
|
22 |
Meadowhall Shopping Centre |
Large Out of Town Shopping Centre |
436 |
|
23 |
Southampton |
Large Town |
427 |
|
24 |
Bluewater Shopping Centre |
Large Out of Town Shopping Centre |
424 |
|
25 |
Brent Cross Shopping Centre |
Medium Out of Town Shopping Centre |
398 |
|
26 |
Sheffield |
City Centre |
387 |
|
27 |
Aberdeen |
City Centre |
381 |
|
28 |
Chelsea |
Premier Shopping |
381 |
|
29 |
Merry Hill Shopping Centre |
Large Out of Town Shopping Centre |
373 |
|
30 |
Croydon |
Primary London Centre |
365 |
|
31 |
Plymouth |
Large Town |
357 |
|
32 |
Guildford |
City Centre |
336 |
|
33 |
Bromley |
Primary London Centre |
335 |
|
34 |
MetroCentre Shopping Centre |
Large Out of Town Shopping Centre |
335 |
|
35 |
Cambridge |
Large Town |
334 |
|
36 |
Hull |
City Centre |
327 |
|
37 |
Derby |
City Centre |
326 |
|
38 |
Bath |
City Centre |
309 |
|
39 |
Watford |
Primary London Centre |
282 |
|
40 |
Exeter |
City Centre |
278 |
|
41 |
Regent Street South |
Premier Shopping |
275 |
|
42 |
Milton Keynes |
Large Town |
264 |
|
43 |
Covent Garden |
Premier Shopping |
258 |
|
44 |
Cheltenham |
City Centre |
250 |
|
45 |
Peterborough |
Large Town |
250 |
|
46 |
Romford |
Primary London Centre |
249 |
|
47 |
Oxford |
Large Town |
237 |
|
48 |
Cribbs Causeway Shopping Centre |
Medium Out of Town Shopping Centre |
236 |
|
49 |
Castlepoint Shopping Park |
Shopping Park |
230 |
|
50 |
Maidstone |
Large Town |
229 |
Trafford Centre
Premium Store Rankings 2014
|
Ranking |
Retail Centre Name |
Retail Centre Type |
Premium Stores % |
|
1 |
Knightsbridge |
Premier Shopping |
54.0 |
|
2 |
Bicester Village Factory Outlet |
Large Factory Outlet |
45.1 |
|
3 |
Bond Street |
Premier Shopping |
32.2 |
|
4 |
Regent Street South |
Premier Shopping |
30.3 |
|
5 |
Westfield London Shopping Centre |
Large Out of Town Shopping Centre |
20.3 |
|
6 |
Chelsea |
Premier Shopping |
18.2 |
|
7 |
Cheshire Oaks Designer Outlet |
Large Factory Outlet |
17.6 |
|
8 |
Oxford Street |
Premier Shopping |
17.3 |
|
9 |
Gloucester Quays Designer Outlet |
Medium Factory Outlet |
16.1 |
|
10 |
Bluewater Shopping Centre |
Large Out of Town Shopping Centre |
13.8 |
|
11 |
Ashford Designer Outlet |
Large Factory Outlet |
13.2 |
|
12 |
Covent Garden |
Premier Shopping |
13.0 |
|
13 |
Gunwharf Quays Factory Outlet |
Large Factory Outlet |
13.0 |
|
14 |
Brent Cross Shopping Centre |
Medium Out of Town Shopping Centre |
12.9 |
|
15 |
Great Western Designer Village |
Large Factory Outlet |
12.5 |
|
16 |
Carnaby Street |
Premier Shopping |
12.5 |
|
17 |
Guildford |
City Centre |
11.8 |
|
18 |
Trafford Shopping Centre |
Large Out of Town Shopping Centre |
11.7 |
|
19 |
Westfield Stratford City Shopping Centre |
Large Out of Town Shopping Centre |
11.4 |
|
20 |
Edinburgh |
Major City Centre |
10.8 |
|
21 |
Cambridge |
Large Town |
10.3 |
|
22 |
Manchester |
Major City Centre |
10.2 |
|
23 |
Harrogate |
Large Town |
9.4 |
|
24 |
Cribbs Causeway Shopping Centre |
Medium Out of Town Shopping Centre |
9.0 |
|
25 |
Glasgow |
Major City Centre |
8.6 |
For the full report see here
