Liverpool One outperforms in 2023

Liverpool One has begun 2023 where it left 2022… on a high. The city centre mall has bucked national trends since the start of the year, with a 16.5% uplift in sales compared to the same period in 2022, according to its operator, property giant Grosvenor.

It cited footwear, sports & leisure and beauty as the shopping centre’s best-performing categories.

“The year-on-year rise outperforms the national picture, with an average increase of 5.2% in sales being recorded across the country”, Grosvenor said, referencing the latest British Retail Consortium data.

Liverpool One said it has also seen a 6.5% increase in footfall for the year to date versus 2022, and is forecasting an increase of around 8% in the run up to summer as the city prepares to host the Eurovision Song Contest, plus seasonal peaks expected at Easter and May half term.

Iain Finlayson, Estate Director at Liverpool One, said: “We have had a good start to the year, with a sales increase that we can attribute to the excellent performance across our stores. We have continued to strengthen not only the retail offering, but also brought new additions to our hospitality and leisure options.

“We are optimistic of the expected boost from Eurovision, as well as remaining confident in our strong mix of brands and experiences to suit all budgets. With more brands preparing to open their doors at Liverpool One, the future looks bright in uncertain times for the UK.”

Grosvenor said the “out-performance” is reflected in “unprecedented demand” for Liverpool One among leading UK and international brands. In 2022, 36 brands, totalling over 330,000 sq ft, signed, renewed or re-geared at the destination, with highlights including Under Armour, Charlotte Tilbury, Omega, Russell & Bromley, Rituals, and size?.

In addition, M&S is readying its new 100,000 sq ft flagship, part-occupying the former Debenhams store and will open later this year.

Liverpool One outperforms in 2023

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