The UK has seen a record number of new retail developments in 2008 - in excess of 750,000 square metres of new retail floor space - but it could not have come at a more challenging time for retailers. Many retail destinations are facing problems of over-capacity, according to the latest Retail Ranking report from Experian, the global information services company.
“The quality and volume of new retail space has advanced a number of shopping destinations in the 2008 Experian retail rankings,” commented Jonathan de Mello, Director of Retail Consultancy at Experian. “But the combination of new schemes and dampening consumer demand has put intense pressure on retailers’ margins and created over-capacity in a number of major shopping destinations.”
Experian is the UK’s leading provider of retail property information on British high streets and shopping centres. Its 2008 Retail Ranking report provides comprehensive analysis and commentary on the best performing retail centres in Britain and also unveils the future landscape of Britain’s retail centres by providing a detailed forecast to 2018.
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Click here to download 2008 Retail Ranking Report
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