Retail Market Focus Q3 2019
Our retail report provides an update on the UK consumer, plus an overview of the current occupational dynamics and investment markets.
- Retail Economy: Amid economic and political uncertainty, retail sales are holding up better than expected, rising by an average of 3.0% year-on-year over Q3. The UK’s tight labour market is driving real wage growth, supporting consumer spending.
- Occupier Trends: The retail market continues to face headwinds as occupiers grapple with rising overheads, falling footfall and shifting consumer preferences. Retailers that offer a customer-centric approach with a clear focus on store experience, e-commerce and supply chain execution are best positioned.
- Investment: Investment into the UK retail market totalled £1.03bn over Q3. This was down 26.4% on Q2, and 15.5% year-on-year.