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PCG News Wrap Up 4th October 2019

Friday 4 October 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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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 would share some of the best ones we have been talking about recently with you.

 

1. Re-evaluating their online strategy, Marks and Spencer are to soon offer the popular ‘buy now, pay later’ scheme in a bid to modernise operations.

 

2. How much are you willing to compromise for the perfect first home?

Research from the Post Office found that 14% of first-time buyers bought a smaller property than anticipated, 11% found a property without a suitable garden and 7% even chose a property needing structural work. Look out for the Property Consulting Group’s up-coming blog on House pricing and income data.

The average property in London is 14.8 times higher than the average household income making the capital unaffordable for the vast majority of the population.

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3. “Starbucks Pick-Up” will be the first store in the US to solely serve customers their coffees made via the app.

The concept has proven popular in China where Starbucks stores already operate on a similar basis.

 

4. Retail property giants Hammerson, British Land, Grosvenor & Intu pledge to deliver net zero carbon real estate portfolios by 2050 as part of the Climate Change Commitment.

The commitment has been signed by a total of 23 retail and commercial property firms.

 

5. Amazon continues to push into traditional brick and mortar retail by planning to expand their cashier-less technology into airports, theatres and stadiums.

Alex McCulloch, Director in PCG, says: As we’ve discovered, in PCG, online spend is not killing the store, in fact it is the store driving online sales and it seems as though the largest online retail force agrees. Get more information from our Online Halo Report.

 

Pop-ups: A fashion store with no clothes and a House of Klarna launch party.

Zalando is opening a virtual pop-up store in Madrid using projection technology and the Swedish bank Klarna will capitalise on the successful Covent Garden pop-up in June which now sees a whopping 50,000 new customers every week.

 

6. The UK Digital Innovation Centre (UK:DIC) is the new national centre for the future of the high street, city and town centres.

The centre will act as a retail lab providing space to test the latest retail technologies of the future high streets within a real-world environment as well as providing an exhibition space, breakout area, training/presentation room and work pods/areas.

 

7. H&M launch the ‘H vs M’ campaign to prove that fashion is not necessarily a sole point of focus.

Professional gamers ‘Hashtag Harry and Manny’ will dress in H&M’s new autumn collection to compete against each other in a head-to-head FIFA 20 match.

 

8. Property giant Hammerson has sold Abbotsinch Retail Park in Paisley to Ashby Capital for £67 million.

Hammerson have now exceeded their target of selling over £500 million worth of retail parks in the year. Read more on Retail Gazette.

 

9. Selfridges continues to think outside the box with a new attention-grabbing AR experience with Auxiliary shoes in their flagship Oxford Street store.

The luxury shoe retailer, Auxiliary, launched its very first collection at the upscale department store last year, and is now the focus of the campaign called ‘Continuous Play’ using Facebook’s Spark AR platform.

 

The one where Ralph Lauren releases a Rachel Green inspired collection.

For the 25th anniversary of the first episode of the beloved TV series Friends, Ralph Lauren has created a collection inspired by the wardrobe of Rachel Green who worked at the global multibillion-dollar enterprise on the show.

 

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,

 

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 would share some of the best ones we have been talking about recently with you.

PCG News Wrap Up 4th October 2019