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PCG News Wrap Up 23rd November 2018

Friday 23 November 2018 Property DevelopmentRetail ConsultancyShopping Behaviour

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...

 

1. TK Maxx is set to open their first new store on bustling Oxford Street, in the space left vacant by New Look near Oxford Circus Underground Station.

After reports of a 10.6% increase in their annual turnover due to the opening of 23 stores across the UK, TK Maxx’s new 30,000sq ft store will open in Spring 2019 on one of Britain’s busiest shopping streets.

Read more.

 

2. CACI release final video in the Retail Landscape series

The lease model must evolve to reflect the value of stores, not just the physical location of a payment that it often does now. Investors must recognise the integral role store plays at every stage of the path to purchase.

Read more.

 

3. Google will help boost the high street by using mobile technology to add local stock updates to direct searches across the UK showing distance, price and availability information.

The technology from NearSt will focus on adding more local product availability for nearby high street shops directly into search results.

Read more.

Read about unlocking consumer behaviour with mobile data in CACI’s blog

almost a third of all Google searches [relate] to location and over 80% of all retail spending still taking place in physical shops

Internet Retailing

4. House of Fraser to close all 4 Intu stores without the confirmation that relocation opportunities will be given to staff.

The department stores are set to close in early 2019 in Intu’s Lakeside in Essex, Metrocentre in Gateshead, Chapelfield in Norwich and Victoria Centre in Nottingham.

Read more.

 

5. The property and investment company ‘LabTech’ have revealed their plans for Hawley Wharf Camden, with a 53,883sq ft mixed-use, food, drink and leisure development.

To grow Camden’s status as a shopping, dining and leisure destination, various elements will be integrated through intelligent design keeping its treasured heritage by revitalising the historic railway arches.

Read more.

 

6. Sainsbury’s reveal their new superstore concept at Selly Oak near Birmingham.

The new superstore will feature the first Oasis concession, fully refurbished beauty and fragrance unit and integrated Habitat and Argos stores.

Read more.

 

7. A new modern food market will open in a 19th century warehouse in the heart of Seven Dials next summer.

The 2,043sq ft catering concept, set to launch by KERB and Shaftesbury, will spread across two floors and serve breakfast through to dinner to 32 million annual visitors.

Read more.

 

8. Nestlé has partnered up with John Lewis to bring Quality Street pick and mix dispensers to 11 stores across the country.

Following the release of Quality Street’s advent calendar, you can now create your own bespoke tin of Quality Street which must include at least three different chocolates.

Read more.

 

9. Nike has opened an innovative store in New York offering NikePlus members exclusive perks and one-to-one customer support sessions.

An entire floor at the new store uses local data to stock its shelves and then re-stock, based on what its customers want, as well as the arena space being able to transform at short notice to host new spaces and configurations.

Read more.

 

10. Matalan has launched their own UX Lab in Knowsley to gain a wider understanding of their online shopping journeys and to offer staff testing sessions for insight into customer behaviour.

The fashion and home retailer will also work with universities to recruit for their eCommerce student placement programme, launching in summer 2019.

Read more.

Matalan [is] increasing its on-site experimentation with eCommerce – especially looking at customers who shop both on and offline.

Essential Retail

Read more about customer expectations and shopper behaviour in our blog

 

11. Ocean Terminal, Edinburgh, will be transformed into a premium outlet complex to capitalise on the increasing number of visitors.

The terminal will be renamed ‘Porta’, and will consist of a strong retail and leisure mix to accompany the existing 12 screen Vue Cinema, 24-hour Pure Gym, Wagamama and Zizzi.

Read more.

 

12. Plans for an exciting new viewing platform, standing almost 1,000 ft above the City of London and dubbed as ‘The Tulip’, have been submitted this week by the architects Foster + Partners.

The new building will contain eight floors of attractions, including glass-floored bridges, rotating pods on the exterior, a bar, restaurants and a “classroom in the sky”.

Read more.

 

13. Which? have named Britain's worst online shop as Homebase, with Liz Earle the most highly-rated retailer.

Which? have said it is the popularity of smaller retailers' sites that underline the importance of offering a personal and convenient service that gave "shoppers exactly what they want".

Read more.

[underlines] the importance of offering a personal, convenient service that gave "shoppers exactly what they want".

BBC News

14. Retail sales in London’s West End are estimated to reach £150 million over this Black Friday weekend.

Despite the tough year for retailers, The New West End company predicts that stores will be doing all they can to ensure an alluring offer for shoppers to take advantage of ahead of the Christmas spending season. 

Read more.

 

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

Retail landscape 2018

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 23rd November 2018

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