Retail Destination
    • FREE Email Newsletters
    • About Us
    • Advertise
    • Contact Us
    • Subscribe
    Twitter
    Retail Destination
    • News
      • Acquisitions
      • Appointments
      • Facilities
      • F&B
      • Footfall
      • Marketing
      • Store opening
      • Store signing
      • Technology
    • Development
      • Construction
      • Investment
      • Leasing
      • Planning
    • Products & Services
    • Sponsored Content
    • Events
      • Sceptre Awards 2024
      • Retail Destination Live 2025
    • Digital Editions Archive
    Twitter
    Retail Destination
    News

    Bumper start to 2023 for O2

    Tracy WestBy Tracy WestFebruary 27, 20233 Mins Read
    LinkedIn Facebook Twitter Email
    Share
    Facebook Twitter LinkedIn Email

    The O2’s Entertainment District and Icon Outlet, which are owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners, have experienced a stellar trading period throughout January and the February half- term. This follows a successful 2022 performance, indicating a strong and positive trajectory for the year ahead. 

    The O2 reported a solid start to the year with outlet shopping sales up 34%, and sales across leisure and F&B in the Entertainment District up 44% like-for-like vs January 2022. These results coincide with the destination’s strong performance throughout 2022, in which The O2 welcomed over 54,000sq ft of openings and signings within retail, leisure and F&B, including Superdry, TOG24, JD Wetherspoon, iFLY Indoor Skydiving and more.

    Half-term week (February 13-19) also showcased an impressive performance, with the destination recording its largest footfall figures so far this year, alongside strong trading results. The Entertainment District experienced a sales uplift of 15%, while outlet shopping delivered an uplift of 5%, both versus like-for-like in 2022. Valentine’s Day proved to be a standout trading day, with a 43% increase across the whole scheme, almost double the like-for-like sales in 2022.

    Additionally, sales across all categories increased like-for-like compared to February half- term in 2022, with bars in particular experiencing a bumper week, delivering an increase of 77%. Overall, leisure saw an uplift of 23%, bolstered by The O2’s line-up of attractions and interactive experiences, including TOCA Social, BOOM BATTLE BAR, Oxygen Freejumping, Mamma Mia! The Party and more. Other standout sectors across retail include beauty which was up 10% and accessories up 14%.

    Janine Constantin-Russell, managing director of the Entertainment District and Icon Outlet at The O2, commented: “We are thrilled to be starting the year in such a strong position, as we continue building momentum following a successful 2022. With a busy arena calendar and a number of new brands set to open at the destination in the coming months, we are expecting to see persistent growth across all aspects of The O2, reinforcing our position as the world’s most popular music, shopping, entertainment and leisure venue.”

    The O2 has an exciting year ahead with a strong arena diary, including a monthly residency with comedian Peter Kay and 10 nights of Elton John, as well as the debut London opening of iFLY Indoor Skydiving.

    KLM and CBRE are the retail leasing agents for Icon Outlet, with Lunson Mitchenall leading on the food and beverage leasing. 

    Previous ArticleRD Live 2023 is just days away – don’t miss it!
    Next Article Trafford Centre honours retail partners
    Tracy West

    Read Similar Stories

    Wellbeing in retail

    June 20, 2024

    Sterling acquires British Airways pensions property portfolio for £236M

    June 19, 2024

    Osprey Charging to partner with NewRiver REIT PLC

    June 14, 2024
    Latest News

    Xscape Milton Keynes celebrates 25 years

    May 20, 2025

    SPYSCAPE to open in Covent Garden

    May 20, 2025

    Leading brands recommit to Manchester Arndale

    May 20, 2025
    Sponsored Content

    Why Destination Retail is Charging the Way Forward for the UK’s EV Infrastructure

    May 1, 2025

    Powering retail growth: charging ahead towards net zero

    October 1, 2024

    Twin Benefits

    May 30, 2024
    © 2022 Lewis Business Media. All Rights Reserved.
    Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

    Privacy Policy | Cookie Policy | Terms & Conditions

    • Retail Destination Live
    • Sceptre Awards

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsREJECT ALLAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
    cookielawinfo-checkbox-analytics1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Analytics" category .
    cookielawinfo-checkbox-functional1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Necessary" category .
    cookielawinfo-checkbox-others1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Others".
    cookielawinfo-checkbox-performance1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Performance".
    PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    CookieDurationDescription
    _ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
    _gat_gtag_UA_31822138_191 minuteSet by Google to distinguish users.
    _gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    CookieDurationDescription
    OAID1 yearThis cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz.
    SAVE & ACCEPT
    Powered by CookieYes Logo