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Croydon retail centre slips down shopping ranking
Published: 2010-07-21 09:20:27
Croydon's retail centre has slipped to 36th in a ranking of the country's top shopping destinations, despite consumer spending remaining relatively constant in the borough through the recession.
(Sourced from Croydon Guardian.)
New shopping centres at Liverpool, Cardiff and Westfield in London have all leapfrogged Croydon in the annual Caci ranking, which forecasts retail expenditure for the borough at an estimated £770m for 2010.
In London it was outshone by nearby Kingston and Covent Garden at £810m, while the West End topped the overall list with an esimated £3,170m retail expenditure.
The borough did trump Bromley and Thurrock Lakeside in the list, and bucked the trend of less affluent areas succumbing to pressures of the economic downturn.
Andrew Bauer, director of Croydon's Whitgift shopping centre, said: "Croydon has weathered the recession much better than many of its neighbours and from January of this year has seen small but sustained annual growth in its retail activity."
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