Budget Supermarkets Dominate Retailer Planning Pipeline for 2024
Posted by Barbour ABI on 9th February 2024 -
Much is made of the fantastic data-sets from Nielsen and Kantar that describe current retail share performance, and rightly so, they are full of insights, but they describe what has happened rather than being forward facing.
If we want to understand the Retail landscape in the next 12 months, volume of openings and refurbishments and the impact on share, then that data-set is lesser known but available in the UK.
Barbour ABI holds a rich future looking data-set of Retail openings, recording and researching projects from planning application stage, right the way through to store opening.
In 2024, there are currently plans for 401 new Grocery Stores to open their doors to customers. Of these stores, 84 are scheduled to open in the first quarter of the year. It’s important to note that this number excludes stores currently undergoing refurbishment, totalling 146 projects, with more refurbishments likely to be scheduled throughout the year.
Notably, Aldi and Lidl are the retailers contributing the most to this wave of new store openings, accounting for 51% of the planned locations. This trend is likely to continue throughout 2024 as they seek further planning permissions. The figure below shows the continuing evolution of Aldi and Lidl’s Grocery market share as they have consistently opened real estate.
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