The Grocer published footfall data that shows city centre convenience store footfall is down 20% vs pre-pandemic whilst supermarkets footfall is up 30% vs pre pandemic levels.
We believe this highlights a shift in operators focus toward omnichannel supermarkets, which are perfectly located to respond to changes in consumer behaviour, and why asset selection is key for investors to capitalise on future growth in the UK grocery property market.
Steven Noble FCA CFA , Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT stated: ‘90% of the big four’s online grocery sales are fulfilled through omnichannel supermarkets which are well placed to capitalise on their customer proximity for both instore sales and efficient online fulfilment, making the most of this increasingly valuable real estate.’
To read more, please see here
