News

27 January 2017 Last updated at 17:31

Strong end to the year at The Exchange

Strong end to the year at The Exchange

Nottingham's premier shopping centre, The Exchange, has recorded another strong end of year performance, according to recently confirmed trading and footfall data for December 2016.

Footfall for the centre, which is Nottingham's oldest purpose-built shopping arcade, was up a notable 3.67% on 2015 figures, in spite of a decline in national mall traffic of 3.9% over the month according to the Shoppertrak National Mall Traffic index.

This is arguably even more significant given the closure earlier in the year of the centre's Austin Reed stores, following the national collapse of the AR Group in May, and reflects a consistent and continuing level of custom for the scheme according to Centre Manager, Neil Fincham.

"I think these figures are a good result in any context," said Mr Fincham, "but when assessed against the national picture they underline a particularly healthy performance for the centre in what has been an unpredictable year.

"Our tenants have largely reported great trading results for the festive period, in line with the increased footfall. The Exchange has a range of excellent retail offers, housed in a unique and beautiful building, and Nottingham's shoppers have voted with their feet yet again showing that they will come out in force to partake of great shopping opportunities."

Joan Taylor, owner of Tutu Urban Boutique in The Exchange added, "The Exchange has a real appeal at Christmas, and many of my customers comment on how lovely the arcade looks at that time of year. We had traded very well over the month, with good and consistent footfall throughout."

2017 also starts well for the centre, as outdoor clothing brand Jack Wolfskin open only their ninth UK store in The Exchange in the spring.

Mr Fincham added, "Jack Wolfskin will bring a new dynamic to the tenant mix, and I'm sure will only further add to the appeal of the centre to customers."

End of year