Gloucester Quays bucks national trend with rising sales

Gloucester Quays said shoppers and visitors to the city centre waterside outlet and leisure centre had helped it deliver strong trading figures for the last 12 months – way ahead of the national picture.

By Andrew Merrell  |  Published
Gloucester Quays said it had enjoyed increased sales in the last 12 months.

Gloucester Quays owner Peel L&P has announced sales at the outlet centre grew by six per cent in its last financial year, calling the results a ‘show of strength’.

It sets the Gloucestershire operation apart from the national picture, which saw retail sales down by three per cent over the 12 months to March 2023, according to the Office of National Statistics.

Manchester-based Peel L&P said the canal-side city centre outlet had enjoyed an eight per cent increase in retail sales between April 2022 and March 2023.

It said the figures were ‘bolstered’ by new stores from the likes of Timberland, Levi’s, FatFace and Next.

Mixed fashion outperformed 2021-22 by 15 per cent; footwear-focused stores saw an 11 per cent growth; while beauty and wellbeing and sports and outdoor clothing both achieved six per cent growth.

Performance in the centre’s food and beverage sector also ‘continues to improve’ in 2023, on the back of a 10.5 per cent sales growth in 2022.

Gloucester Quays announced the opening of The Real Greek restaurant at the end of 2022 and the pending arrival of Mexican eatery El Mexicana later this year.

Its café brands saw an eight per cent revenue increase in 2022-23, as did the bar-led venues, in ‘a clear indication of visitors spending more leisure time at the destination’.

Paul Carter, asset director at Peel L&P, said: ‘We are delighted to see this continued growth’.

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