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MCR Top Retail Spot Outside London

New figures reveal the city is generating an estimated £910 million in retail spend

Written by . Published on February 3rd 2015.


MCR Top Retail Spot Outside London
 

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%).

Arndale Sept 2011 08Manchester 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 CentreTrafford 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

Website-The-Orient-Trafford-Centre-LeisureTrafford 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

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DarrenFebruary 3rd 2015.

Do we have a team or group in charge of targeting and attracting certain shops? The people who have been doing a similar thing at the airport have been doing an excellent job attracting new airlines and new routes. Something along those lines for retail could revive Market St/King St. Walking down Market St now is a little depressing. You have second hand cd/dvd shops, discount shops like Poundland, an Aldi & Tesco and a couple of banks and mobile phone shops. This is one of the busiest places for retail in the entire country. It should be so much more. And not be a ghost town after 8pm.

AnonymousFebruary 3rd 2015.

Thought KARNEY'S name would be mentioned..HE just does NOT get enough publicity..So shy.

Matt BradyFebruary 3rd 2015.

What happened to John Lewis arriving in town? Wasn't it supposed to replace the Renaissance Hotel?

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