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PCG News Wrap Up 9th August 2019

Friday 9 August 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. Jack Wills has been sold to Sports Direct for a mere £12.75 million.

1,700 of Jack Wills’ staff at the distribution centre and stores will be transferred to Sports Direct as KPMG’s restructuring practice were appointed as the administrators to the struggling British clothing brand.

Read more here

 

2. Hammerson have appointed Simon Travis as managing director for Premium Outlets.

Travis will take over from the current Premium Outlets chief financial officer and managing director where the sector currently accounts for 27% of Hammerson’s property portfolio, which includes 20 outlets in 14 European countries.

Read more here

 

3. Commercial property saw a 9% increase in investments between April and June compared to the same period in 2018.

The total value of transactions for the first half of 2019 surpassed £100m for the North of England.

Read more here

 

4. The battle between a comfortable, cool office and rising carbon emissions.

Air conditioning is used to avoid the greenhouse effect in glass buildings, but cooling buildings adds to carbon emissions. This is why engineers are calling for all-glass skyscrapers to be banned.

Read more here

 

 

5. Icon Industrial has submitted a planning application for a fifth development at the fast-growing Icon Manchester Airport.

The new industrial/warehouse unit has been designed to meet the needs of the logistics occupational market.

Read more about development of Manchester Airport

 

6. The ‘shop now, pay later’ brand Klarna becomes the biggest fintech firm in Europe, valued at £5.5 billion.

‘Shopaholics’ who want to shop before they’re paid, but either do not have, or would like to avoid, a formal line of credit have the option to use Klarna on certain websites.

Read more here

 

7. The unlikely purchase by Boohoo of Coast and Karen Millan has analysts worried on how the fast fashion e-commerce giant will integrate the premium occasion-focused brands into its operations.

With a strong reputation for quality occasion-wear, this dramatically contrasts to Boohoo’s focus on selling high volumes of products quickly, offering frequent promotions, and using social media as an important marketing method.

Read more here 

 

8. The Arcadian, Birmingham is now fully let with Rozu Restaurant claiming the last unit.

The new upmarket restaurant and cocktail lounge aims to stand out from the crowd with its boldly decorated pink and green interior, flowered ceilings and flamingos.

Read more

 

The social selling app, Depop.

Depop has created a physical retail presence with a pop-up within Selfridges’ Design Studio, set to stay until October this year.
The pop-up will showcase difference products from Depop sellers each week and will be exclusive to Selfridges.

Read more here 

 

This follows the success of Depop’s two physical spaces in the US, in New York and Los Angeles which both opened earlier this year.

Read more here

 

9. Boots aims to make healthcare more accessible for non-English speakers by trialling an on-demand interpretation service that can translate 245 languages.

The system is currently being trialled in 5 stores in Belfast, Birmingham, London, Leicester and Southampton.

Read more here 

 

10. A sub-brand of Ralph Lauren, RRL, opens its first UK store in the Carnaby neighbourhood in Soho, London.

The brand, named after Ralph and Ricky Lauren’s “Double RL” Ranch in Colorado has a strong focus on integrity of design and quality of workmanship.

Read more

 

11. What is a high street? Nearly a quarter of primary school children don’t actually know.

76% of children surveyed said their parents’ shopping usually comes from a large supermarket and 40% said that their parents only shop online.

Read more

 

12. Brits buy more clothes than their European neighbours and five times as many items as they did in the 1980s.

The French or Italians might like to think of themselves as the most fashionable people in Europe - but it is the Brits that are the most dedicated shoppers.

Read more

 

Zara uncovered: Inside the brand that changed fashion

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.

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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 9th August 2019