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Footfall up but sales slip at Hammerson

Shopping centre owner Hammerson recorded a 0.4% year-on-year increase in UK footfall in 2017.

Brent cross

Hammerson’s Brent Cross shopping centre

In France footfall at its centres was up 1.6% on 2016.

Across the Hammerson portfolio, retail sales in 2017 decreased 2.6% in UK and increased 0.1% in France.

In December, Hammerson’s store sales fell 1.3% in the UK portfolio and grew by 0.5% in France.

Sales of sports fashion were up 1.8% in the UK year on year, while menswear sales in the UK were up 3.8% on 2016.

Leisure sales were up 6.9% in the UK as shoppers continue to move towards experiences.

In 2017, the volume of leasing at Hammerson shopping centres rose in every region, and was up 34% in total compared with 2016.

David Atkins, CEO of Hammerson, said: “Our shopping centres performed well at the end of 2017, with strong footfall and leasing. Consumers are spending more discerningly, exciting brands are winning market share, and footfall is drawn to centres that offer the full line-up of retail brands alongside entertainment.”

 

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