Emily Seares

Fashion retailers will see a greater polarisation of the retail property market in 2024, experts tell Drapers: rents will rise for more in-demand, high-performance areas, while other locations continue to struggle. Retailers that can negotiate greater flexibility around leases and better terms could be the ones to navigate this successfully.

Retailers are bracing themselves for continued uncertainty in 2024. A recent poll by Boston Consulting Group (BCG) shows that more than 75% of UK consumers remain concerned about inflation and recession, with 84% worried about current price increases, reveals Jessica Frame, BCG’s managing partner for the UK. She predicts that shoppers will still restrict spending next year as a result, particularly for non-essential items.

Retailers are bracing themselves for continued uncertainty in 2024. A recent poll by Boston Consulting Group (BCG) shows that more than 75% of UK consumers remain concerned about inflation and recession, with 84% worried about current price increases, reveals Jessica Frame, BCG’s managing partner for the UK. She predicts that shoppers will still restrict spending next year as a result, particularly for non-essential items.