The UK Supermalls Market 2023-2028 report offers comprehensive insight and analysis of UK Supermalls (including forecasts up to 2028), the key retailers, and consumer attitudes. It provides in-depth analysis of the following: the market size and forecasts, sector performance and forecasts, retailer usage across different sectors, and consumer data. The report focuses on 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and other. Consumer data is based on our 2024 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
Growth in the UK supermalls market slowed in 2023, up 2.5% on the previous year to £11,263m, following two years of consecutive double-digit growth. In
the forecast period, we will continue to see more muted growth, making supermalls the slowest-growing location in the UK, with a five-year CAGR of 1.4%
between 2023 and 2028, reaching a value of £12,078m.
Scope
- Clothing & footwear retains its position as supermall's most established sector in 2023, accounting for over half of the supermalls market. However, this sector struggled in 2023 due to weak demand throughout the cost-of-living crisis, resulting in muted offline demand for clothing & footwear.
- Health & beauty expansion has aided the location's growth in 2023 and 2024, with the arrival of Sephora and Space NK in supermalls driving demand as consumers shopped for brands unavailable elsewhere. Indeed, consumers have travelled to supermalls to visit Sephora's new stores, with the retailer's reputation for exclusive brands appealing to beauty shoppers.
- The growing number of leisure options has also bolstered demand for supermalls, enabling consumers to shop and spend time with friends and family in one location.
Reasons to Buy
- Identify the key retailers used by consumers to purchase products across various sectors.
- Understand the key drivers behind consumers visiting supermalls, and the services used in this location.
- Use our in-depth analysis of the challenges faced by the supermalls market, and what existing retailers must to do keep consumers visiting this location.
- View our forecasts for supermalls up to 2028, including which sectors are expected to prosper in the next five years.