General enquiries :
+44 (0)20 7602 6000

PCG News Wrap Up 25th January 2019

Friday 25 January 2019 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’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. Smartphone sales are now on par with desktop and laptop sales

With more people than ever matching technology to their fast-paced lives, shoppers are now more likely to purchase an item via a smartphone than a physical retailer. Smartphone sales are due to rise by 66% this year.

Certain stores have been able to draw more footfall traffic to their stores which otherwise may not have dropped in due to Click and Collect

Forbes

Read more

 

2. Spotlight on Marks & Spencer:

The retailer has released the ‘Style Finder’ app in a push towards digitising their operations. This comes after announcing their plan to shut more than 100 stores by 2022

The photo search feature allows customers to search through thousands of menswear and womenswear with an uploaded photo of an inspired look.

M&S have been awarded with the first “Vegan Friendly High Street Retailer” award

The recognition comes after the launch of the brand new 350-line vegan footwear range and the 60-meal vegan range from The Plant Kitchen earlier this month.

Read more about Style Finder

Read more about the next wave of store closures

Read more about the new plant based range

 

3. NikeTown, London, reveals an experntial membership space providing exclusive services and the opportunity to take-away personalised products

This comes after the retailer released the Nike App in the Oxford Street store, which aims to integrate shopping online and shopping in-store to provide a seamless journey.

Read more

 

4. Network rail prove that convenience is a major driver in retail sales with a total sales growth of 2.3% despite a difficult wider trading period

Network Rail recorded more than £93.8m in sales during the six weeks leading up to Christmas.

This will have long-term positive effects – helping the railway to grow and improve for passengers, whilst creating great places for communities to thrive

Network Rail

Read more

 

5. Online retail sales in December disappoint as it marks the lowest-ever monthly growth rate

Although like-for-like sales for both the high street and online in December were up, online sales suffered overall and hit an all-time-low growth rate of just 3.6%

Read more

 

6. Spotlight on House of Fraser:

Christmas sales plunged 60% in the first festive period under new owners Sports Direct

The crucial trading period proved difficult for House of Fraser to maintain profits amid the increasing competition and shift towards online shopping.

An agreement between Intu and Sports Direct means the four House of Fraser stores will stay open

The department stores that were saved in Norwich, Metrocentre, Lakeside and Nottingham will secure over 3,000 jobs for the immediate future.

Read more on the Christmas trading period for department stores

Read more about the HoF deal with Intu

 

7. What will 2019 look like for retailers?

2019 is shaping up to be fairly unpredictable, with experiential retail anticipated to flourish and the spotlight is already on sustainability with supermarkets fighting to keep pace with emerging trends such as ‘Veganuary’.

Read more

 

Fig.1 - Younger Acorn groups are significantly more likely to be vegan

 

8. Next opens the ‘Feel Good Gym’ inside intu Merry Hill to support the 'Add Spring to your Step' campaign and encourage social media interaction

The pop-up showcases some of the NXSports range and aims to entertain current and future shoppers by helping them engage more with the Next Brand.

Read more

 

9. The ‘here today – gone tomorrow’ buzz continues with the newest video gaming pop-up based on the Netflix drama Black Mirror: Bandersnatch

The promotional stunt shows a real-life recreation of Tucker’s Newsagent & Games from the interactive episode, but there’s a catch; you can’t go inside.

Read more

 

10. The US grocery chain ‘Stop & Shop’ will trial an autonomous mini-shop where customers will be charged for their items via an app

The shop-on-wheels, called ‘Robomart’, will carry fresh produce inside a temperature-controlled compartment which can be hailed like an Uber.

Read more

 

11.  The Postings shopping mall in Scotland is on sale for just £1 to generate attention from buyers

Affiliated with discount stores such as Poundland, The Postings currently has 14 out of 21 shops that are vacant due to upkeep costs exceeding rental income.

Read more

 

PCG Loves: BoxPark Wembley

After the success of BoxPark Croydon and Shoreditch, the new retail hub will undoubtedly bring more food and drink, entertainment, people and opportunities to the upcoming area of Wembley – we can’t wait to visit and sample some of the independent food traders.

Read more

 

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 25th January 2019