Callcredit Information Group

Callcredit Information Group

June 27, 2011 01:00 ET

Callcredit 2011 RetailVision Report: Manchester Passes Glasgow to Become Largest Retail Centre Outside London

LEEDS, UNITED KINGDOM--(Marketwire - June 27, 2011) - Callcredit Marketing Solutions has released its 2011 RetailVision Report of the UK retail landscape, revealing that Manchester has leapfrogged Glasgow to become the largest retail centre outside of London.

Callcredit's retail centre league table, which uses RetailVision to calculate revenue generated from comparison sales, also saw Leicester face the biggest fall in the top ten, dropping four places to number ten, whilst Cardiff raced up eleven places to 15 partly helped by the opening of the St David's development in late 2009. Edinburgh also rose three places to eight, breaking into the top ten.

The RetailVision Report provides the UK's most detailed listing of shopper catchments and retail centre revenues across the hierarchy of retail centres in the UK. It covers 16,259 retail centres classified across 26 centre types.

New for the 2011 report, RetailVision has allocated each UK store with a 'pitch' score to identify whether they are premium retailers, mass +, mass or value, so the top towns for value and top centres for premium can be identified.

Norwich has topped the table for the most value stores with Blackpool, which didn't feature in the top 30 retail centres for revenue, shooting up to take second place in the value store rankings. Doncaster, Huddersfield and Preston also made it into the top ten for value retail stores, without having featured in the top 30 centres by revenue.

The pick of the premium centres is Manchester, with Oxford Street and Birmingham second and third respectively ranked by number of premium outlets.

Chris Duley, Commercial Director of Callcredit Marketing Solutions commented: "As there have been few major retail developments in the last year or two, it is interesting to see so much movement in the top ten UK retail centres. What's even more interesting is seeing the smaller centres that feature in the top ten list when looking at value stores. Key insight such as this can really help retailers to identify the best location for their outlets, in areas where they know their target customers shop. Choosing the right retail location is now more important than ever to sellers to ensure they capture market share.

The full database is available by contacting the Retail Planning team on info@callcreditgroup.com.

Top 30 UK Retail Centres for Comparison Goods:
RankCentreRevenue (£m)Rank Move
1Oxford Street*£1,624.00
2Manchester£921.11
3Glasgow£916.1-1
4Birmingham£861.30
5Nottingham£734.70
6Knightsbridge1£695.62
7Liverpool£693.60
8Edinburgh£692.23
9Leeds£652.21
10Leicester£641.8-4
11Bristol£630.11
12Reading£628.71
13Southampton£622.3-4
14Norwich£559.02
15Cardiff£534.111
16Newcastle-upon-Tyne£526.8-1
17Westfield SC - White City£513.910
18Cambridge£505.9-4
19Kingston upon Thames£490.30
20Brighton£483.8-1
21Meadowhall SC£474.37
22Sheffield£470.6-5
23Bluewater SC£467.4-2
24Croydon£452.51
25Trafford Centre SC£448.9-3
26Belfast£432.4-2
27Brent Cross SC£420.5-4
28Covent Garden1£398.01
29Oxford£363.44
30Hull£363.11
Note* London West End is split into a number of Retail Centres
Top 30 UK Retail Centres based on Premium store presence:
Rank1CentreNo. of Premium Stores
1Manchester96
2Oxford Street290
3Birmingham83
4Knightsbridge282
5Glasgow80
6Edinburgh71
7Bluewater SC61
8Leeds56
9Cardiff54
10Westfield SC - White City54
11Liverpool53
12Nottingham53
13Chelsea250
14Guildford49
15Kingston upon Thames48
16Newcastle-upon-Tyne45
17Cambridge44
18Belfast43
19Bristol43
20Norwich42
21Bath41
22Reading39
23Bicester Village39
24Milton Keynes38
25Chester37
26Trafford Centre SC37
27Brent Cross SC36
28Brighton33
29Meadowhall SC33
30Regent Street South233
* London West End is split into a number of Retail Centres
Top 30 UK Retail Centres based on Value store presence:
Rank1CentreNo. of Value Stores
1Norwich65
2Blackpool63
3Liverpool56
4Hull55
5Glasgow55
6Nottingham54
7Doncaster53
8Leeds53
9Huddersfield51
10Preston49
11Newcastle-upon-Tyne49
12Sunderland48
13Coventry48
14Bradford46
15Wolverhampton46
16Derby46
17Birkenhead45
18Ipswich45
19Aberdeen45
20Barnsley44
21Middlesbrough44
22Maidstone44
23Scunthorpe43
24Stockton-on-Tees43
25Northampton43
26Leicester43
27Romford42
28Worcester42
29Burton-upon-Trent41
30Hanley40
* London West End is split into a number of Retail Centres

About Callcredit Information Group- www.callcredit.co.uk

Callcredit Information Group leading edge approach to deploying consumer information enables our clients to identify, engage and convert more new customers whilst optimising existing customer profitability.

Callcredit's products and services deliver effective solutions in a range of areas:

Consumer Marketing Data and SegmentationFraud and Verification
Customer HandlingCredit Risk and Affordability
Database SolutionsCollections and Recoveries
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Market Analysis and
Network Planning
Global Operations
About RetailVision:
RetailVision covers 16,259 retail centres classified across 26 centre types, including:
  • City, town, suburb and rural centres (9 centre types)
  • Shopping centres
  • Retail parks and Factory outlets (4 centre types)
  • 8 centre types segmenting London (e.g. Premier Shopping, Urban Village, Business Hub) covering over 500 centres.

The RetailVision database is updated and enhanced each year with the newest retailer store listings, centre revenues, consumer expenditure levels and shopper trips.

Uniquely, RetailVision splits floorspace and expenditure into 4 key retail categories: Fashion and Comparison, Electricals, Grocery and Home/DIY. RetailVision further classifies retailers into 4 brand tiers: Premium, Mass+, Mass and Value (PMV), to help retailers assess each retail centre and areas within a centre in terms of brand mix and retailer fit.

Retailers are also able to identify centres whose catchments best match their target audience, using Callcredit's consumer classification CAMEO.

For Retailers, RetailVision can be used to identify and prioritise retail centres and locations within centres for development or rationalisation. For Developers and Property Managers, RetailVision can be used to measure and profile centre catchments and to estimate retail tenants' revenue potential at the individual store level.

As well as giving a view of the retail landscape, RetailVision has a powerful "What if?" capability enabling retailers and retail property professionals to make informed planning decisions, including predicting the revenue potential of new stores or larger retail developments and assessing the impacts of change on existing stores or neighbouring centres.

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