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PCG News Wrap Up 20th December 2018

Thursday 20 December 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

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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.

For this edition, we have chosen our top picks for The Property Consulting Group’s 12 News Stories of Christmas.

 

1. Luxury fashion’s Christmas and Boxing Day sales are expected to continue deep into January with reduced prices of up to 50% on two-fifths of products.

Christmas day spending is expected to exceed £1bn for the first time this year as struggling retailers are already offering huge discounts to entice shoppers.

Read more

 

2. Are retailers pushing the boundaries on festive food by introducing products such as mince pie croissant’s and Christmas dinner pizza’s?

Supermarkets, restaurants and café chains such as Iceland, ASDA, Costa Coffee and Pizza Express are offering their own festive creations to compete in the increasingly competitive market.

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There's no doubt there's a marketing angle to this but consumers also love new products and it creates interest and excitement

BBC News

3. Allowing customers to glide through the aisles as they do their Christmas shopping, Iceland have refitted an ice rink in their Stratford store as part of their festive campaign.

The ice rink was installed for parents who wish they had more time to enjoy the run-up to Christmas and kids who find food shopping ‘boring’.

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4. Walking in a sustainable and renewable Ikea wonderland…

The full-sized Ikea store will be located in Greenwich, and will feature green spaces, a roof garden, workshops and a learning lab for customers to learn how to upcycle and make their homes more sustainable.

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5. An Estimated 10.1 million shoppers are predicted to hit the shops this ‘Super Saturday’ for those last-minute Christmas gifts. 

Online sales are forecasted to reach £321 million, whilst at least 50 per cent of shoppers are expected to visit a local shopping centre and a quarter will hit their local supermarket for last-minute purchases.

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6. Despite shoppers and retailers getting in the Christmas spirit, the grocery sector grew only 2 per cent for the 12-week period ending on December 2nd.

The sales momentum across the grocery industry remained weak with the headline growth of 2.3% during this period.

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We expect the same trend to hold true this year, with Saturday 22 December pulling in the last-minute Christmas crowds

Retail Gazette

7. It’s the most chaotic time of the year…

With 90% of shoppers purchasing at least one item online, research has found that more than 50% of customers have experienced a problem with their delivery such as being damaged or disappeared.

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8. In the run up to Christmas, Amazon have allegedly set their sights on a location near Oxford Circus for their first cashierless store in the UK.

The store would not only be the UK’s flagship store, it would be the first outside of the US since the first opened in Seattle in January earlier this year.

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9. CACI’s Property Consulting Group have released their predictions and some key trends to look out for in 2019.

Expect Amazon to do something dramatic, which everyone will get very excited about but won’t fundamentally be different from what is present today, (e.g. opening 100+ convenience stores)

Alex McCulloch

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10. Waitrose are dreaming of a plastic-glitter-free Christmas.

The move to ban glitter from all Waitrose own products by 2020 comes amidst the growing awareness of the harm it poses to the environment.

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11. Mayfair welcomes Givenchy as its first standalone store in the UK.

The store has opened on New Bond Street after the £60 million refurbishment to the precinct and ahead of the opening of the Elizabeth Line tube station.

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12. Announced just before Christmas, Marks and Spencer have agreed terms to open its first store in Malaga.

The store will stand as the first on the high street for Spain, with one other Marks and Spencer store open in La Cañada shopping centre in Marbella which opened in 2009.

Read more

 

 

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

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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 20th December 2018