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01/02/2018

UK | Retail

Retail Focus Q4 2017

BNPPRE Retail Focus Q4 2017

The end of 2017 was perhaps more positive for the UK retail market that had been expected, with many retailers reporting positive sales. On the investment side, total volumes of £8.16bn fell shy of 2016, with the gulf between ‘good’ and bad’ assets growing ever larger.
  •  Economy: Consumer confidence fell to its lowest level for four years in December 2017. Pessimism surrounding the economy and uncertainty going into key Brexit negotiations have been the main drags on confidence.
  • Occupier: Despite retail sales declining in December 2017 y-o-y, Christmas was by no means entirely negative. Retailers across different sectors delivered strong figures, with exceptional product and seamless multichannel the primary keys to success.
  • Investment: Total retail investment stood at £8.16bn in 2017, representing an 18% decline on 2016. Polarisation between 'prime' and 'secondary' continues to be the key theme for all segments of the retail market. 
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Stephanie McMahon

Stephanie McMahon
Head of UK Research
Research
+44 (0) 20 7338 4002

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