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PCG News Wrap Up 5 April 2019

Friday 5 April 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

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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. Apple reveals Apple TV Plus, Apple Card and Apple Arcade, taking a step away from their hardware focus

Apple will take on Netflix with their new paid subscription service, set to be released in the Autumn of 2019, along with launching 100 new and exclusive games and a credit card in partnership with Goldman Sachs.

Discover Apple’s new products

 

2. Majestic Wine will rebrand as ‘Naked Wines’ from June this year, amidst their major rebranding strategy

The specialist wine retailer will also focus on increasing spend, new customer investment and growth through their online and international presence outside of the UK.

Read more on the company’s revamp

 

3. The Co-op launches their first online delivery service on electric bike which is currently being trialled in the London Chelsea store

The grocer will charge a standard £5 on a £15 minimum spend for delivery within 2 hours of ordering to shoppers within a 4km radius of the store.

Read more on the new online delivery service

 

4. The UK’s outlet sector continues to thrive and surpass the wider retail market

Bicester Village dominates the outlet sector as a discounted luxury shopping destination, recording close to double-digit sales per year between 2012 and 2017.

Read more on the outperforming outlet sector

A guide to Bicester Village

They contain an exciting hybrid of retail products consumers can’t buy online, a range of leisure attractions for families and are underpinned by a strong mix of food and beverage operators. Gone are the days when outlet stores are an afterthought.

Property Week

5. The new ‘Too Good to Waste’ wonky fruit and vegetable selection box from Lidl will roll out across England, Scotland and Wales after a successful trial since August last year

The box will cost just £1.50 per 5kg, in a bid to cut down on food waste whilst utilising their efficient business model as a leading discounted grocer.

Read more on the Too Good to Waste food box

 

6. Hobbycraft have launched their first-of-a-kind ‘experience store’ in Crawley

The ‘Custom Crafting’ experience lets customers trial new products and techniques and will focus on expanding their Cricut Machines, tools and vinyl products.

Read more on Custom Crafting

 

7. IKEA have opened their second city-centre store in Bromley, offering a personalised service dedicated to planning kitchens and bedrooms, as well as featuring a bookable community room

‘The Planning Studio’, located on Bromley high street, aims to change the way people shop, offering appointments to talk all things furniture with an expert.

Read more on IKEA

 

8. The new shopping app ‘Bump’ allows shoppers to find clothing and footwear from limited-release brands, as well as sell their own items

The app can also be used as a social media platform allowing users to view the latest listings and follow their favourite accounts.

Read more on the new shopping app for apple and android

Retail app revenue overtook desktop sales in the final quarter of 2018

Over Black Friday, the percentage of customers buying more than one item was higher on retail apps was nearly three times more than those using mobile websites.

Charged Retail

9. London rises above Paris, New York and Dubai, by topping the global rankings for luxury store openings amidst tough retail conditions on the UK’s high streets

London saw 33 luxury retailers open stores in 2018, more than any other city globally.

Read about London’s new luxury openings

 

10. McDonald’s next step in technology will see personalised menus after the acquisition of an Israeli artificial intelligence (AI) company called Dynamic Yield

The company aims to transform the digital menus, offering customers tailored selections depending on a range of factors including the weather, how busy the restaurant is and the time of day.

Read more on the new technology

 

Augmented and Virtual Reality

By 2020, 100 million consumers are expected to shop online or in-store using augmented reality as part of enhancements to new 5G technology.

Read more about how AR and VR technology could drive revenue

 

11. The new logistics warehouse for H&M in Milton Keynes will offer 800 new jobs after the opening

The new addition is the retailers first omnichannel distribution centre and aims to support a more seamless shopping experience.

Read more on the new logistics hub in Milton Keynes

 

12. Brompton Bicycle will open their flagship store in Westfield London this month as part of its global expansion programme

The new store will be based on a functioning workshop and will focus mainly on experiential retail.

Read more about the new store

 

13. Take a look at the innovative and new concept stores in London that are changing the way we shop

More retailers than ever are looking to create stores that offer tailored experiences and personalisation, but the definition of what makes a concept store is rapidly changing.

Read more about the innovation in London

 

14. Knight Frank pledges to be the first property agency to go plastic-free and Tesco are to trial plastic package recycling with Recycling Technologies.

Surfers Against Sewage are partnering with Knight Frank to assist in becoming a Plastic Free Business, whilst Tesco are to offer a returns programme for customers to dispose of hard-to-recycle plastics such as bags, crisp packets and pet food pouches.

Read more about Tesco’s new initiative

Read more about Knight Frank’s programme

 

April Fools Pranks

  • The ‘Trolly Trainer’ by Sainsbury’s may sound like a good idea, but its sure to be an April Fools prank. The grocer advertised that you can ‘work your body, whilst
    pushing your trolly’ and includes multiple resistance levels.
  • The Saucy Fish Company launched ‘Fishcuits’, the fish-flavoured biscuit variety, including Custard Breams and Clammy Dodgers…
  • BMW added ‘Lunar Paint’ as an add-on to their cars, which harnesses the power of the moon. We think this might take electric driving a step too far…
  • Travel Money Oz introduced a transitional period currency amid Brexit called the ‘Pouro’.
  • Google presented us with the ‘Google Tulip’, which allows you to speak to your favourite plant and learn more about its wants and needs.
  • McDonalds pushed the boundaries by adding milkshake flavour dips for those advanced dippers among us, called ‘Shake Sauce’.
  • ‘Curve’ introduced a world-first augmented reality (AR) payment solution where shoppers could use their smartphone to wirelessly pay for items using a virtually imposed credit card, sounds a bit lazy to us!
  • Primark gave us ‘sock vending machines’ as a more convenient way of buying your essentials.

 

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 5 April 2019