A new Sheffield retail quarter could encourage shoppers to spend up to £90m a year – money that is currently ‘leaking out’ of the city centre, a report has revealed.
Council chiefs will discuss the next steps in providing a ‘high class’ shopping and leisure facility between Pinstone Street, Moorhead and Barkers Pool, to rival other cities, next week.
Most of the trade from Sheffield city centre is being lost to Leeds, Nottingham and Manchester as shoppers seek out big name brands, behind-the-scenes analysis has shown.
Coun Leigh Bramall, Sheffield Council’s cabinet member for business, said: “There’s a whole list of shops that are missing in South Yorkshire, not necessarily as prestigious as Harvey Nichols, but the aspirational fashion brands which other cities have.
“We want that spend returning to Sheffield.”