Landsec retail sales outperform market during Golden Quarter
Health and beauty and clothing were the strongest-performing retail categories over the period
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Landec has reported that its retail destinations have outperformed the wider UK market during the Golden Quarter, with sales and footfall rising year-on-year and trading around 5% ahead of national benchmarks.
The property group, which owns and manages a portfolio of major retail and leisure destinations, said total sales across the quarter rose 4.9% compared with the same period a year earlier. By contrast, the national retail benchmark compiled by the British Retail Consortium (BRC) showed a decline of 0.2%.
During the three peak weeks of Christmas trading, sales across Landsec’s retail destinations increased by 6.5% year-on-year.
Footfall across its major shopping centres and outlet locations rose by 0.7% over the quarter, compared with a fall of 0.3% across the wider market, according to BRC data.
Landsec said the Golden Quarter performance continued a longer-term trend. Since the 2022 financial year, cumulative sales across its retail destinations have grown by 20%, which it said was 17% ahead of the UK national average.
Health and beauty and clothing were the strongest-performing retail categories over the period. Health and beauty sales rose 13%, while clothing sales increased by 5%. The company said several international brands continued to invest in physical stores at its locations, including four of the six Sephora stores opened in the UK over the past 12 months.
Leisure and hospitality sales rose 6.2% over the quarter, which Landsec said contributed to longer dwell times and higher overall spend across its centres.
Bruce Findlay, managing director of retail at Landsec, said: “Consumers continue to seek out destinations which combine a wide selection of the best brands with best in class experiences. This was certainly true during the Golden Quarter with sales and footfall for prime retail once again ahead of the wider market.
“Alongside a strong leisure and hospitality offer, we provide compelling, experience-led retail environments, positioning us well for continued success as we look ahead to 2026.”
