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PCG News Wrap Up 03 May 2019

Friday 3 May 2019

Laura Symes's picture
By Laura Symes

Here’s what the Property Consulting Group have been talking about this week…

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Welcome to CACI’s Property Consulting Group’s News Wrap Up Blog.

Keeping up to date with the latest news and emerging trends in the retail and leisure sector is key to supporting the project work we do with our clients. This means our team are constantly searching for relevant news stories, so we thought we’d share some of the best ones we have been talking about recently with you.

 

1. Shoppers are loving the new Scandi themed H&M showroom on Regents Street which includes a florist and in-store café.

The new concept super-store is set over two floors and 700 square metres, and offers a perfect physical display that complements the company’s strong digital presence through their social media accounts.

Read more on the new H&M Home store:

 

2. British Land are to cut their retail assets to around 30%.

As part of the plan to decrease their retail presence, British Land have sold 12 Sainsbury’s superstores to Realty Income Corporation for £429 million.

Read more about other recent sales for British Land:

 

3. ‘Every shop that is lost should not be greeted with dismay about the death of the high street’

Read an interesting take on the re-birth of the high street:

High streets have the potential to become bigger social hubs than before, with theatres, bars, gyms, restaurants, local markets and new homes replacing the fascias of nationwide brands”

The Times

4. Why are sporting events great opportunities for retailers?

During busy sporting periods, brands are trying to get more involved by tailoring their offer to those watching special events and driving sports fans to spend online. 
Read more about how retailers can take advantage of sporting events:

 

5. Research by Doddle reveals that 43% of shopper’s favour retailers that offer sustainable delivery options.

Whether your business has an environmentally friendly approach is an increasingly important factor for consumers, along with trustworthiness when choosing their preferred online shopping destination.
Read more about sustainability within retail: and Retail Gazette

“While convenience remains important for customers, it’s not enough for sustainable delivery to be an add-on or after-thought anymore”

Retail Gazette

6. The anticipated Kent based theme park, ‘The London Resort’, will feature rides and attractions based on hit TV shows after announcing a deal with ITV studios.

The ‘London Resort’ project could host potential brands such as Hell’s Kitchen, Saturday Night Takeaway and I’m a Celebrity… Get Me Out of Here!, in addition to agreements already made with the BBC such as Top Gear and Dr Who.
Read more on The London Resort project set to be situated between Dartford and Gravesend:

 

7. Promotional pricing falls in line with shop inflation for the first time since October.

Whilst April saw a general increase in promotional activity, prices within the clothing, footwear and food sectors have slowed from 0.9% to 0.4%. 
Read more on this topic:

 

8. A new pop-up dedicated to a selection of Isabel Spearman’s favourite dresses will open in Belgravia next week.

Customers will be able to try on styles and order through the in-store iPads. The pop-up offers a playful take on an English country garden and promises a picture-perfect shopping experience.
Read more on the @DailyDressEdit Pop-up:

 

Sainsbury’s

Sainsbury’s launches the UK’s first till-free grocery store in Holborn, but what does this mean for the future of jobs in the retail sector?

Read more here and here

After the failed proposed merger with Asda, Sainsbury’s are hit with legislation charges that has largely impacted their pre-tax profit.

Read more about failed merger with Asda here

Greenpeace have targeted Sainsbury’s in the latest bit to urge the grocer to commit to a plastic-specific reduction target.

Read more here

 

9. Argos are giving shopper’s the power to see how the products will look in your home before purchasing.

Argos’ new augmented reality app allows users to either browse categories to then view a product in 3D, or take a photo of a particular product you’d like to re-purchase and find matching items.  
Read more on the new AR app

Argos have also launched their first self-service digital store located in the Dulwich Sainsbury’s store and allows customers to pay at the same tablet used to browse the products.
Read more on Argos’ new digital store:

 

10. Entrepreneur, John McAfee, could launch the first crypto debit card which users can load with Bitcoin and use in any store. 

The card is reportedly being developed with Visa, which is alleged to connect via a QR code on the back of the card to the user’s wallet that allows them to deposit money and then spend.
Read more about the ambitious world first cryptocurrency debit card:

 

11. Debenhams have named 22 of the planned closures to 50 of their department stores as part of the plan to revive the chain and make business fit for the future.

Included locations on the list of planned closures are 4 all situated in South West London. These being: Staines, Walton-on-Thames, Wimbledon and Wandsworth.

Read more on the planned Debenhams closures:

Read more on the plans for Debenhams empty retail spaces

POLL

Do you think online retailers are doing enough to address sustainability?

No – I think more could be done

Yes – I think enough is being done

Please let us know by commenting in the comment section at the bottom of this page.

 

12. Hammerson plan to transform a 1960’s shopping centre in Birmingham into more than 1,000 apartments, a hotel and major office, retail and leisure space.

The 14-acre site includes the Square Shopping Centre, Dale House and High Street Car Park which make up the ‘Martineau Galleries Project’ and is expected to start construction in 2021.

Read more

 

For retailers to survive, they must specialise!

Discover the hyper-specialist shops of Berlin who are trading their very niche products such as buttons, liquorice and sticky tape, focussing on the goods neglected by generalist department stores.

Read more about future of retail

 

Get in touch if you would like to find out more, arrange a meeting or discuss any of this in more detail.

If you would like to receive this blog straight to your inbox every fortnight, sign up here.

Our team are constantly searching for relevant news stories, so we thought we’d share some of the best ones we have been talking about recently with you.

PCG News Wrap Up 03 May 2019

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