General enquiries :
+44 (0)20 7602 6000

PCG News Wrap Up 6th September 2019

Friday 6 September 2019

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

 

1. Hammerson have proposed a 14-storey hotel to be built adjacent to their City Quarters scheme in Victoria Gate.

The scheme could see many of the property giant’s in-city venues transformed into mixed-use neighbourhoods as they plan to regenerate the land between the existing multi-storey car park and St Peter’s Street.

 

2. The new state-of-the-art Samsung KX experience in Coal Drops Yard allows visitors to decorate the walls with digital graffiti, and even teaches guests to record and perform bespoke music on their smartphone.

Guests can also explore revolutionary in-car Samsung features including an intelligence assistant that allows the driver to control the radio simply by saying phrases such as ‘play next song’, and a memory system for drowsy drivers. Read more 

 

 

3. The Gander app has partnered with Henderson Technology to provide customers with real-time updates when food items in stores are reduced.

Products nearing their sell-by-date in over 270 Spar convenience stores will be posted as updates to Android and iOS users. 

 

4. The first phase of the HS2 railway, between London and Birmingham, could be delayed by up to five years.

The news comes after the announcement that the new railway could not be delivered within the current budget and costs will rise to between £81bn and £88bn. Read more on BBC and gov.uk

 

Retailers are going green…er

Boots is running a reverse plastic bottle deposit return scheme (DRS) where customers can exchange plastic, glass and metal drinks containers for Boots Advantage Cards points.

Asda Milton Keynes are trialling a new eco-friendly initiative called Re-Loved which will feature second-hand clothes from several different brands for customers to purchase.

 

5. Marks & Spencer are to drop off the FTSE 100 for the first time in its history.

This comes after the news that the retailer’s share price has dropped by 45% in the past 3 years. Read more

The group has also been too slow to adapt to online retailing and has been left behind by others who offer a more compelling online service.

BBC NEWS

6. Surprisingly, 75% of consumers are willing to use food refill services in order to cut down on waste and improve food sustainability.

Retailers that have already introduced refill or re-usable container services include Waitrose and Marks & Spencer.

 

7. Hammerson and APG each acquire a stake worth £1.5bn in Via Outlets.

Via Outlets operates 11 premium fashion outlets across nine European countries including cities such as Amsterdam, Zurich, Gothenburg, Oslo and Lisbon. Read more.

 

The Online Halo Effect

Online news bulletins Fashion United and Charged Retail have given the scoop on CACI’s research on the Halo Effect.
“London – a global leader in technology – has the most significant halo effect at 110%, but this is not as far ahead of the rest of the UK as might be assumed” 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 6th September 2019