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Published
Aug 8, 2016
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Footfall across Hammerson’s UK portfolio remains flat in H1

Published
Aug 8, 2016

Footfall across Hammerson’s UK shopping centres grew by 0.3% in the six months to 30th of June, outperforming the national average of -1.6%, said the shopping centre owner and operator on Monday.


Bullring - Photo: Hammerson


The UK-wide portfolio of shopping centres, comprising Brent Cross, Bullring, Cabot Circus, Highcross, Silverburn, The Oracle, Union Square and WestQuay, showed a mixed picture for the wider retail market with like-for-like sales falling 0.3% in the period.

Sales were boosted by the sports and outdoors gear category, which climbed by an impressive 16.8% in June alone as consumers were influenced by recent British and global sporting events. In the six month period, this category grew by 7.5%, outperforming the rest of the fashion categories.

Hammerson also said jewellery was a consistent top performer with a 3.5% increase in the first half of 2016. Jewellery sales in June were up by 2.4% as demand for engagement rings increased.

Diamond rings, charm bracelets and watches also remained popular choices with brands such as Tag and Rolex doing well.

“Despite the first half of the year revealing a mixed picture for retail it is encouraging to see that although consumers might be taking a more cautious approach to spending, they are still heading out into the shops,” said Hammerson CEO, David Atkins.

“The appetite for both jewellery and sports-related goods has been notable throughout this year, and we anticipate this trend to continue through the remainder of the summer with the Olympics serving as further inspiration for shoppers.”

Hammerson’s portfolio was worth £9 billion at the end of June and included 22 prime shopping centres, 19 retail parks and investments in 15 premium outlet villages through a partnership with Value Retail and the VIA Outlets joint venture.

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