UK | Retail
Retail Focus Q3 2018
BNPPRE Retail Focus Q3 2018Brexit was firmly back on the media agenda over the past quarter, with the deadline for the deal drawing ever nearer. This has dented consumers’ expectations of the state of both the UK political and economic spheres for the coming year.
- Occupier: It was another busy quarter for the department store sector - House of Fraser was bought out of administration by Mike Ashley in August, whilst Debenhams announced that it would be looking to close up to 50 stores over the next 3-5 years.
- Investment: The lack of confidence in the wider retail market was realised in the third lowest quarterly investment volume since 2008. Whilst the retail warehousing segment largely held up, it is the decline in sentiment for shopping centres which has dented total investment volumes, with very little stock brought to market.