Another record-breaking year for Gloucester Quays, sales 6.7% ahead of uk average
Peel Retail & Leisure has announced record Christmas trading at Gloucester Quays, capping off another year of considerable growth at the destination. The growth in sales in 2024 means it finished the year 6.7%[1] ahead of the national average.
With Black Friday falling on November payday in 2024, and some retailer offers in advance of that date, the Christmas period proved successful for Gloucester Quays’ diverse tenant mix. Across November and December, retail sales grew by 3.6% compared with 2023 – which was itself a record year – and F&B sales were up 7.6%. The performance uptick was supported by the free-to-attend Christmas Market, which ran for the 12th time, with 100 plus stalls and ice rink made possible by Gloucester Quays’ extensive, waterside public realm.
Looking at 2024 in total, an overall 7.4% year-on-year sales increase across Gloucester Quays’ current tenants was split between 6.1% for retail, and 8.5% for F&B. Double-digit growth from leading fashion, homeware, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing, Le Creuset, and Suit Direct was boosted by new lettings for Pret a Manger and Bakers & Baristas. Sustained growth across all categories points to the increasing relevance of the Gloucester Quays experience, where visitors can shop its outlet, have a sit-down meal or grab-and-go option, and enjoy its historic quayside setting.
Paul Carter, Asset Director at Peel Retail & Leisure, commented: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands. These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”
This news follows the announcement in December that highlighted the volume of brands to have taken lease renewals at Gloucester Quays, as 11 existing tenants covering 44,000 sq ft of space committed long-term to the destination.
[1] Based on the BRC’s 2024 retail assessment, with total UK retail growth at 0.7% https://brc.org.uk/news-and-events/news/corporate-affairs/2025/ungated/christmas-fails-to-save-2024-trading/