General enquiries :
02076056226

PCG News Wrap Up 14th September 2018

Friday 14 September 2018 Data Insight & AnalyticsProperty DevelopmentRetail Consultancy

Laura Symes's picture
By Laura Symes

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

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

Welcome to CACI’s Property Consulting Group news 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. For one month only: The ‘Holly Nichols’ campaign

Department store Harvey Nichols has temporarily rebranded as Holly Nichols to support women in the workplace. Read more.
 

2. What impact will the rebrand scheme labelled as ‘Debenhams Redesigned’ have?

For the first time in almost 20 years, Debenhams has revealed a major rebrand, a refreshed new look which includes a logo redesign, store innovations and a new flagship store. Read more.
 

3. The first joint campaign from John Lewis and Waitrose to rebrand as “John Lewis & Partners” and “Waitrose & Partners”

To emphasize their partnership, John Lewis department stores will be renamed John Lewis & Partners, while Waitrose supermarkets will be called Waitrose & Partners. Read more.
 

4. Mike Ashley faces shareholder uprising at Sports Direct AGM

Ahead of Sports Direct’s AGM, Mike Ashley is under pressure to turnaround House of Fraser’s fortunes after acquiring last month. Read more.

If you're interested in what this means for shopping centres moving forward, check out our blog on ‘House Of Fraser - What Next For Our Landlords?’
 

STORE CLOSURES PRESENT LANDLORDS WITH CONSIDERABLE OPPORTUNITY TO RE-INVIGORATE AND DIVERSIFY

Joe Oxley - CACI

5. Fenwick report a 93 per cent dive in annual profits to £2 million

408 jobs have been axed at Fenwick as the chain becomes the latest department store to reveal their major financial problems. Read more.
 

6. Coca-Cola is buying the Costa Coffee chain from Whitbread in £3.9bn deal

After being approached by many potential buyers, it's Coca-Cola that have made the move into one of the world’s fastest growing drinks categories, by snapping up the 4,000 store-chain Costa Coffee in “dream deal.” Read more.
 

7. John Lewis profits fall 99%

Despite the department store matching the "extravaganza discount days" by rivals, the John Lewis Partnership chairman Sir Charlie Mayfield revealed the sector is facing “challenging times.” Read more.

 

8. 42 Homebase stores to shut as CVA approved

Following 17 store closures and 303 job cuts at head office, it’s been officially announced that Homebase are set to close dozens of stores putting 1,500 jobs at risk. Read more.
 

9. Abercrombie & Fitch opens second UK location at Intu Trafford Centre

The new prototype store has opened in Manchester’s intu Trafford Centre after the initial launch of the design was revealed in February 2017. Read more.
 

10. Waterstones buys Foyles to defend bookshops against Amazon

The 115-year-old family-owned chain Foyles is being bought by Waterstones, in a bid to help booksellers fight back against online rivals. Read more.
 

Good bookshops [are] rediscovering their purpose "in the fight-back against online and e-reading"

BBC

11. Argos launches Google voice shopping service in the UK

Voice shopping has launched with Argos to become the first UK retailer to allow customers to use Google Home smart devices for shopping. Read more.
 

12. Proposed Debenhams and House of Fraser merger?

Simon Bentley, a non-exec director of Sports Direct, has reported that merging House of Fraser and Debenhams has been discussed. Read more.
 

13. Argos Home launches first consumer pop up for two weeks only

Today, New Oxford Street sees the first consumer pop up shop open, which will showcase its AW18 collections and give their customers the chance to “see and feel” the products. Read more.

 

Dan, Alex and Jen from CACI’s Property Consulting Group are attending REVO in Manchester next week, where I am sure these topics and much more will be discussed. 

Get in touch if you would like to 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

Every fortnight our Property Consulting Group share the key industry news articles that have caught their eye over the last few weeks

PCG News Wrap Up 14th September 2018