Retail Bulletin - Q1 2017

Q2 2017

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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.