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Spain : Retail Snapshot - Q3 2017

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Spain : Retail Snapshot - Q3 2017

The Consumer Confidence Index follows a positive trend during 2017, increasing the footfall and with a positive impact on the sales of the retail market.

E-commerce continues to increase, generating opportunities and synergies with offline trade. In Spain, the turnover in 2016 exceeded €24,000m, and it is expected that 2017 will close at over €30,000m, 25% higher than the previous year.

International retailers such as Victoria's Secret, Uniqlo or Tesla have chosen the Spanish market within their expansion strategies.

At the end of 2017, we expect 4 new centres to open which will increase the total GLA of Spanish shopping centres to 180,000 sqm, at an average of 45,000 sqm per centre.

Source : Knight Frank

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