It revealed that, over the course of 10 years, brands in a sustainable retail destination could see revenues increase by up to 13%. Overall footfall for such destinations could see a 6% increase, leading to a potential boost of up to £100m for local economies. Through its research – The potential of sustainable retail – Landsec set out to explore what sustainable retail means to those that influence the industry most – consumers, brands and local authorities – and to better understand the role sustainable retail can play in enabling a thriving retail environment that positively impacts communities and the planet. Representative public polling also revealed ‘localism’ as the leading feature of sustainable retail among consumers. Bruce Findlay, managing director – Retail at Landsec said: “This research reinforces just how much retail is a force for growth for the UK.

Source: The Times October 03, 2023 08:22 UTC