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PCG News Wrap Up 26th July 2019

Friday 26 July 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. Customer behaviour is changing, and sales are increasingly made in a digital environment, however, stores are key to factor to sales increase. CACI look at how we can understand the importance of a physical store to online success.

We prove that having an online retail presence can increase sales within a store’s catchment by an average of 106% with the ‘Halo Effect

Read the findings on our lastest inforgraphic  The Halo Effect

 

2. The Bullring and Westquay will see two new iconic toy stores open just in time for the Christmas shopping season.

Is it too early to think about Christmas? Nonetheless, Hammerson have revealed that we can expect interactive play and event experiences from two new Lego stores in the run up to the festive season.

Read more 

 

3. Could Barney’s join Sears, Toys R Us and Gymboree in the latest downturn of retail?

The luxury department store could file for bankruptcy in the coming weeks as they struggle with rent costs and finding a buyer.

Read more about Barneys

 

4. HS2 are revisiting the £56bn budget for the high-speed train line due to underestimating costs to purchase land and property along the route.

The line will connect London, the Midlands and northern England using trains capable of travelling at 250mph.

Read more 

 

5. Will Toys R Us return from the dead?

The phantom toy company has partnered with ‘b8ta’ and will use technology to bring us a new, reimagined and playful online experience.

Read more about the return of Toys R Us

 

6. Market share falls for the Big 4 Grocers, as grocery sales decline for the first time since June 2016.

Sales fell 0.5% year-on-year for the 12-week period ending July 14th, 2019. Read more

Big 4 grocers all lost market share, while Aldi, & Lidl gained and Waitrose, Iceland & Co-op were steady

Retail Gazette 2019

7. Why are we continuing to invest in the UK despite the uncertainty around Brexit?

Read more 

 

8. Amazon announces two ‘state-of-the-art’ robotic fulfilment centres in the US.

The centres are expected to create around 2,500 jobs in the region, bringing the number of employees in the state of Ohio for Amazon to 8,500 with an estimated 19,000 indirect jobs.

Read more

 

9. Google are trying to regain ground lost to Amazon.

The search engine will release a new “shopping” page in the US which will allows users to purchase items directly from their platform and offer exclusive discounts to shoppers.

Read more

 

10. The Mall, Walthamstow, suffers extensive damage after firefighters spent more than four hours tackling a fire that broke out on Monday morning.

The blaze destroyed more than half of the roof on the two-storey building in east London.

Read more 

11. Facing pressure from rival supermarkets, Tesco have raised the prices on over 1,000 items to stay in the game.

Within the last two weeks, the grocer raised prices on products such as cheese, chocolate and bananas by an average of 11%.

Read more

 

Britain’s boom in co-working and flexible office space.

Landsec are on the hunt for tenants to occupy the major new office development in Piccadilly Circus.
Can Britain's flexible office boom survive an economic downturn?

The development will feature 100,000sq ft of offices, shops, rooftop restaurant, gardens and terraces offering views across London and is due to complete in 2022.

Read more here and here 

 

12. Sadiq Khan turns down the plans for London's newest skyscraper, The Tulip.

The floral bud-shaped tourist attraction has been described as “poorly designed” and as having "very limited public benefit".

Read more about the tulip skyscraper

 

13. The commercial property slump blames Brexit uncertainty for the second-weakest quarter in the past seven years.

Compared toc commercial, the area that saw a small recovery was retail property, reflective of the number of high-profile chains that have gone into administration or experienced store closures in 2018.

Read more

 

14. Arcadia have lined up Vans to the move into the prime Oxford Street site in replacement of Miss Selfridge.

CBRE’s executive director Graham Barr said that “this will be a brand showcase for Vans, and the firm will benefit from huge footfall in the West End”

Read more 

 

 

Microsoft's new London Flagship Store

Visitors can take photos in the selfie area, get hands on with the latest tech and create their own personalised Surface Type Cover with the Surface Design Lab, featuring a range of designs that can be etched directly onto the cover.

Read more about the new microsoft flagship store

 

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 26th July 2019

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