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PCG News Wrap Up 31st May 2019

Friday 31 May 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. Never before… maybe never again…? 

Amazon are launching exclusive street-style collections on ‘The Drop’, which will drastically improve their online shopping experience.
The collections will only be available for a limited 30 hours across the world, meaning less waste as garments are only made to order.

Read more on Amazon’s new ambitions for its fashion business here

 

2. Marks and Spencer are to accelerate their store closure programme and will focus on shutting over 100 more outlets by the end of 2020.

The retailer originally aimed to close 100 stores by 2022, bringing the deadline forward two years. The news comes alongside the announcement that the retailer will also be relocating, and opening new Simply Food stores.

Read more about the plas for M&S here

 

3. Shopping in 2030: Fresh retail concepts, efficient customer service and healthy lifestyles are at the top of our expectations list.

JLL dig into what shoppers might expect from retailers in 10 years time. More than anything, consumers want the basics: skilled customer service, personalisation, and convenience. 

What does the future hold for retail? Read more here

 

Pret a Manger

The UK based sandwich shop chain are to buy rival retailer ‘EAT’ and convert the stores into Veggie Pret’s, since the rise in vegans in the UK has grown fourfold in the past four years.

Pret currently has four UK stores branded as ‘Veggie Pret’, and the increase in consumer demand means the brand can capitalise on the growing interest in plant-based foods once the 94 EAT stores have been acquired.

Read more on the growth of Vegetarianism and Veganism

Read more on the Veggie Pret chain here

 

4. Prada says fur-well to fur!

The Humane Society International (HSI) announced last week that the luxury Italian designer firm will stop using fur, coming into force from spring-summer 2020 in the women’s collection.
Read more on the fur ban here

 

5. Urban Outfitters are launching a rental subscription service where subscribers will receive a box containing six items of clothing every month to wear before swapping.

When launched, the service will only be available in the US and is estimating to have 50,000 subscribers within its first year.
Read more about ‘Nuuly’ here and here 

 

6. IKEA are expanding their markets beyond the core U.S. and European markets to Latin America.

The first store will appear in Mexico City and will include a 650+ seated restaurant and 7,500 products as part of their ‘aggressive expansion plan’. This comes after the news of the first IKEA to open in the San Antonia area of Texas.
Read more on IKEA Mexico here

 

7. Jamie Oliver’s restaurant chain goes into administration and 1,000 jobs are lost.

The chain isn’t the first to be hit in the casual dining sector, others such as Gourmet Burger Kitchen, Byron Burger, Prezzo and Strada have also recently closed restaurants.

Read more about the restaurant chain collapse

No doubt, escalating high street rents share some of the blame, as well as labour costs and business rates. Throw into the mix that the way we eat is changing

The Independent 2019.

8. Across the pond, the Providencia Award has been presented to the Palm Beach Outlets in Florida, where tenants include Polo Ralph Lauren Factory Store, Nike and Calvin Klein.

The award is given annually to the individual, institution, corporation, or organization that’s made the biggest impact on tourism within the year.
Read more about Palm Beach Outlets here and here

 

9. The Body Shop’s parent company, Natura Cosméticos is expected to takeover Avon, and in-store recycling schemes have launched within The Body Shop branches.

Read more on the recycling scheme here and here

 

10. The Co-op are going into partnership with Superdrug, who will stock co-op’s own-brand food items during a trial phase.

The ‘meal-deal’ partnership will see a range of more than 40 food products, including gluten-free and vegan options in Superdrug stores up and down the country, initially starting in 7 branches located at railway stations and airports.
Read more about the branches taking part here

 

11. Liverpool will be the first city to reveal the revamped ‘Frasers’ store, as Mike Ashley plans to open 30 more over the next 5 years.

The new luxury mini-chain will stock brands such as Gucci and Paul Smith.
Read more about the ambitious redevelopment plans here

 

12. Sainsburys predicts the future of food with algae milk, jellyfish and insect protein on the menu.

Sainsbury’s has released a new Future of Food report exploring what high-tech solutions we will have to food in 2025, 2050 and 2169.
Read more about the predicted changes in food choices

 

13. How has the ‘Primark effect’ converted casual browsers into excessive buyers?

The article comes after the House of Commons published a report on sustainable fashion last year.
Read more on Primark’s Successes here

Read about the sustainability of the fashion industry enquiry here

 

Chelsea in Bloom

Close to CACI’s head office, the ‘Chelsea in Bloom’ competition attracted participation from retailers and visitors from around the world last week to view the unique and creative floral displays located around the famous London neighbourhood.

Read more here

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 31st May 2019