King’s Road Spend Report for June 2023


  • Despite an increase in sales between May and June 2023, which was a better performance than its comparators, sales in King’s Road in June 2023 were just +1% higher than June 2022, which was weaker than the comparators. Compared to May 2019, sales in King’s Road were down -1%, also weaker than the comparators.
  • Behind the flat sales, was a -2% fall in customer numbers compared to June 2022, offset by growth of +3% in Average Revenue Per Customer (ARPC).
  • Of the four of the largest retail sectors, both Fashion (+13%) and Health and Beauty (+12%) showed strong growth, while Grocery was in the steepest decline (-27%) and
    Food & Drink fell -9%. Fashion is the only one of these sectors that has experienced sales growth on a year-on-2019 basis (+4%).
  • The share of sales to customers from Chelsea & Kensington has increased from 25% in June 2019 to 30% in June 2023.
  • Over the same time period, share of sales to customers from the Rest of GB has fallen from 38% to 33%.

Find the full report here.