Having somewhat held back spending in December and January, shoppers returned to the high streets in February, which saw retail sales rise 3.7% compared to February 2016
- Following the relative flurry of shopping centre deals in Q4 2016, Q1 activity has once again stalled with only six centres transacting, and totalling £438m, all of which were marketed well back in 2016.
- The landmark deal of the quarter, both in terms of price and yield, was the acquisition by Frogmore of Stratford Shopping, Stratford.
- It comes as little surprise that we have seen a number of administrations in Q1 of 2017. Footwear has taken a hit, with Moda in Pelle and Jones Bootmaker subsequently rescued through pre-pack deals, although Brantano has failed to find a buyer. Other retailers that have gone into administration (some not for the first time) include Store 21, Blue Inc and 99p Stores.
- Shopping online still remains a growing trend, as shown in the graph below, with the magnitude of growth seemingly increasing year on year.