Fashion fuels Landsec’s Golden Quarter performance

Landsec has reported year-on-year growth in both sales and footfall, with performance around 5% ahead of BRC benchmarks.

During the Golden Quarter, sales increased 4.9% compared with the previous year, contrasting with a 0.2% decline in the national retail benchmark.

Sales growth accelerated to 6.5% year-on-year across the three peak Christmas trading weeks.

Footfall across Landsec’s major shopping centres and outlets also rose by 0.7% over the quarter, supported by strong seasonal momentum.

Health and beauty was the strongest-performing category across Landsec’s retail portfolio, reflecting sustained consumer demand and continued physical store expansion by major brands.

Total sales in the category rose by 13% year-on-year. Recent store openings highlight this trend, with four of Sephora’s six UK openings in the past 12 months located within Landsec destinations.

Clothing also delivered positive growth, with sales up 5% year-on-year, supported by investment from established and emerging brands.

Bruce Findlay, Managing Director of Retail at Landsec, said: "Consumers continue to seek out destinations which combine a wide selection of the best brands with best in class experiences.

"This was certainly true during the Golden Quarter with sales and footfall for prime retail once again ahead of the wider market. With a reach of one in four UK consumers, we offer brands more footfall than any other retail platform.

"By combining this reach with the powerful data insights available to us, we’re creating a self-reinforcing growth engine that delivers higher sales and attracts the world’s best brands.

"Alongside a strong leisure and hospitality offer, we provide compelling, experience-led retail environments, positioning us well for continued success as we look ahead to 2026."