General enquiries :
+44 (0)20 7602 6000

PCG News Wrap Up 9th November 2018

Friday 9 November 2018 Property DevelopmentRetail ConsultancyShopping Behaviour

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 news 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. Joint venture partners, Ballymore and Hammerson, are set to reveal the revised plans for Bishopsgate Goodsyard early this month.

The renewed proposals will include a focus on workspace, retaining the site’s heritage, and a revised residential site where the tallest building will not exceed 30 storeys, which comes after plans were halted in 2016 due to critics calling on a reduction on the 46-storey high residential towers.

Read more.

Read more about what influences a centres performance and the importance of customer perception in part 3 of our 6-part video series. 
 

2. Greggs has reversed their brightly lit logo in a Newcastle branch to capitalise on the much-anticipated Fenwick Christmas window display opposite to the store.

The Greggs on Northumberland Street, Newcastle, have switched their logo around so that the buzz of shoppers, there for the unveiling of Fenwick’s festive window display, catch the reflection of the sign the correct way around.

Read more.
 

3. A Development Agreement has been signed to build an 8-storey mixed-use scheme above Bond Street station at Hanover Square. 

The agreement between Transport for London and The GHS Limited Partnership will contain 12,068sq m of office space and 213sq m of ground floor retail space, which is part of a wider 278,709sq m mixed-use development space opening ahead of the new Elizabeth line.

Read more.
 

4. A predicted decline in revenues, achieved by social network advertising, is expected for the festive season due to decreased consumer confidence in these marketing channels.

Blended retail and mobile are becoming the preferred online shopping channels, despite completed orders being 20% less than those on desktop computers compared to 2017.

Read more. 
 

Read about the UK as an innovator for multi-channel retailing here in part 1 of our 6-part video series.

 

5. Selfridges launch the UK’s only free indoor wooden skate bowl to celebrate the opening of ‘The Designer Street Room’; a new “luxury and progressive” fashion department which offers gender neutral shopping.

The new retail hub in the Oxford Street branch holds a fully-functioning skate bowl, open to all ages, with the aim to create a ‘social hub’ and will house garments from Versace and Balenciaga to Gucci.

Read more.
 

6. Notonthehighstreet.com venture into bricks-and-mortar retail by opening two pop-up shops in London to showcase some of its most popular festive and personalised products.

As well as browsing the collections, shoppers will be able to learn more about the skill and artistry behind the creative businesses that sell through the website, with the chance to see live personalisation of gifts and attend workshops.

Read more.
 

7. Virgin Holidays opens the largest store to date in Centre MK, Milton Keynes, with the aim of ‘revolutionising the high street holiday booking experience’ and offering in-store services such as personalised spa treatments.

Shoppers can receive complementary massages and manicures, ride a virtual reality rollercoaster and visit the exotic cocktail bar.

Read more.
 

8. Shoppers are becoming less loyal to individual retailers with the total potential cost of consumer defection rising to £147.2 billion.

The figure has risen from £120.6 billion from only two years ago, with fragile customer loyalties being attributed mainly to online shopping and Amazon’s empire.

Read more.

We predict online spend to increase 127% between 2017 and 2026

CACI - Retail Landscape 2018

Read: ‘The Internet Is Not Killing Physical Retail, It’s Transforming It’ in part 2 of our 6-part video series.
 

9. Wagamama is sold to Frankie and Benny’s owner The Restaurant Group due to its strong competitive advantage and “market-leading pan-Asian proposition”.

The buyers in the deal, worth £559m, value the “fantastic brand” Wagamama, which opened its first restaurant in Bloomsbury in 1992 and plan to expand the business by capitalising on the healthy eating food trend.

Read more.
 

10. The deserted shopping precinct in Henblas Square, Wrexham, could be rejuvenated by converting office space above the vacant units into flats.

Planning officers have said that the square, which used to be home to major retailers including BHS, is a highly sustainable location with close transport links which could bring ‘new life’ to the town centre.

Read more.
 

11. B&Q is understood to be avoiding Black Friday this year due to their ‘everyday low prices’ business model.

Their £100 million investment into the model earlier this year was due to research showing that DIY shoppers trust retailers offering year-round low prices than those who run frequent sales and occasional offers.

Read more.

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 November 2018

Comments

Derma Joie Cream (not verified)

Fantastic website. Plenty of helpful info here. I am sending it to some friends ans additionally sharing in delicious. And naturally, thank you to your effort! https://dermajoiecream.net/

Add new comment