Summary

• Retail sales in Knightsbridge increased by +21% from January 2022 to January 2023 and stood at +7% above
  January 2019. The year-on-year growth in sales is substantially behind Marylebone and Sloane Square, but
  significantly ahead of King’s Road.
• The increase in year-on-year sales was driven by a +24% increase in customer numbers, while year-on-2019
  customer levels for January remained stable. Average Revenue Per Customer (ARPC) was up +4% compared to
  January 2022, and also exceeded the levels recorded in December 2022, a pattern not previously recorded between
  2019 to date.
• Fashion sales rose by a substantial +130% from January 2022 to January 2023 and the year-on-2019 performance
  was also up by +71% . Food & Drink sales decreased by -6% on a year-on-year basis and its year-on-2019
  performance was down -12%. General Retail grew by +17% on a year-on-year basis and remained at the average
  sales level for 2022.
• The share of year-on-year sales to customers from Rest of GB rose, from 55% in January 2019 to 62% in January
  2023. The share of customers from Chelsea & Kensington remained stable at 17% year-on-year.

See the full report here.