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UK Town Centre Sales Declined

The UK town centre retail market has been in decline since 2015, but it is forecast to rise 0.2 percent this year and will continue to grow until 2022, with sales in the town centre market being driven by convenience goods particularly in the food and grocery sector, according to GlobalData.

However, the town centre retail market will underperform against the overall growth of total physical retail sales in the UK over the next five years, which will be driven by retail parks and supermalls.

The company’s report UK Town Centres 2017-2022 reveals that shoppers are looking to more attractive physical locations as well as the online channel to satisfy their expectations; this is particularly true for clothing and footwear sector which is forecast to decline by 2.1 percent this year.