Retail
Glasgow – Shopping city
Glasgow is a ‘shopaholic’s paradise’ and is the UK’s largest and most successful shopping location outside of London’s West End. More than 90 million shoppers come to Glasgow per year.
Glasgow’s retail sector generated approximately £1.8bn in GVA in 2014, the largest contribution (13%) to the Scottish total among all of Scotland’s local authorities. The retail sector in Glasgow has seen improvement in terms of turnover; increasing by 9.9% from £7.6bn n 2013 to £8.4bn in 2014 (Scottish Annual Business Statistics 2016).
A recent study of the night time and retail economies has revealed that together these sectors contribute £5.46bn to the economy and support over 33,000 full-time jobs (Moffat Centre for Travel and Tourism Business Development, 2016).
The city has also seen the highest number of new restaurant openings in the UK outside London (Colliers Internationa)l. Combined with a robust economy and busy calendar of events and conferences until 2024 to attract leisure and business tourists all year round, Glasgow’s retail sector is set to thrive.
>>Glasgow’s city centre Economic Health Check (PDF 2.25MB) is a progress report on how the city centre is performing on a range of indicators and the impact of economic activity on the city centre.
>>You can also download the Glasgow Retail Prospectus (PDF 2.0MB) for further detail on the city’s world-class retail offer.