The Asset Manager must lead and Redefine Retail Places: Structural Retail change means the asset manager must innovate and enhance the future value of retail property. Read the rest of the entry>>
Retail Research
As the annual ICSC European conference kicks off in Istanbul this week, it is worth reflecting on one of the world’s great cities. Often described as being located at a crossroads between the east and west, Istanbul is a fascinating mix of two very different cultures. And this contrast is reflected in the retail market, […]
The globalised nature of the world in which we live is visible in many aspects of our lives. Take a quick scan on Facebook to see how far and wide your friends are scattered, or alternatively just take a stroll down London’s prime retailing streets, Oxford Street, Regent Street or Bond Street, on a Friday […]
Whilst high unemployment, particularly in the southern Eurozone combined with historically high levels of consumer debt in many European economies and the impact of fiscal consolidation represent real risk, on balance, the positives currently outweigh the negatives. Sustained economic growth, job creation, low inflation and the prospect of real wage growth are all feeding through into […]
I am asked on a frequent basis about the growth of e-commerce and what the future holds for the physical space in an increasingly virtual world. The answer is that I don’t know what the future looks like, but having explored the impact of e-commerce on the UK retail market and the increasing evidence of […]
A few days ago rumours of new e-fulfilment centres to be built in Poland for Amazon were confirmed by the etailer itself. Around 6,000 permanent new jobs and as much as 9,000 temporary ones at peak periods will be created across three centres of around 90,000 sq m each. Certainly, this kind of news is […]
Being a Chelsea FC season ticket holder, Russian money is something that I have been very well aware of for some years now. Roman Abramovich has believe it or not been involved with Chelsea FC for ten years, as the British press widely reported earlier this year. Russian money and the increased spending power of […]
As Jones Lang LaSalle noted in our recent report ‘London’s West End: Review and Outlook’, London is now arguably the restaurant capital of the world, with the West End at its epicentre. London’s dining industry is in good health; in a recent Zagat survey, 40% of diners claimed that London’s dining scene is better today […]
…it’s a shame we had to wait for the England Cricket team’s results to get stronger The strong start to the year we have seen for the European retail real estate investment market has continued into Q2. The same could not be said for the England cricket team when touring India and New Zealand in […]
Online giant Amazon is dropping its free shipping of products below £10 in the UK from this month, now requiring a £3.99 posting and package charge for such items (with some exceptions including books and CD’s). Certainly, for online customers this must feel like the unwelcome forebode of their perfect online shopping world being doomed. […]
I love living and working in London, and cannot think of a better place to shop in the world than London’s West End. Nowhere has such a variety of shopping streets and districts. Whether it is marvelling at the size of the jewels on Bond Street, trying out the latest Apple product in the Regent […]
Pureplay retailer, ASOS, announced earlier this week, that it will offer 15-minute delivery slots to its customers. This is the latest move by a UK retailer to raise the stakes in terms of online convenience for the consumer, following House of Fraser’s announcement of Drive-Thru Click and Collect and Morrisons’ tie-up with Ocado. The service […]
I had the pleasure of speaking at the UK Shopping Centre Management Conference 2013 yesterday on social media and e-commerce, and the implications for retail and real estate. The conference had a record 400+ attendees and had an excellent agenda of speaking and panel sessions, in addition to networking and knowledge sharing breaks. The theme of […]
One of the most notable news items this week for the retail sector is that the proportion of cash transactions at the point of sale decreased 10 per cent last year. According to the British Retail Consortium’s (BRC) Cost of Payment Collection Survey, consumers are embracing alternative ways to shop using new technology. However, paying […]
Department store House of Fraser (HOF) has announced that like-for-like sales increased at record levels at 3.3 per cent to £1.2 billion over the last full year as the group has achieved growth across all categories, according to figures released last week. In the 52 weeks ended January 26th 2013, adjusted EBITDA rose 4.3 per […]
Four days and four nights in Las Vegas for our JLL Global Retail Agency Board at ICSC RECon and I have made four observations. First, the US is an amazingly dynamic and innovative retail market, with a vast, untapped supply of retail and leisure brands and formats that have yet to explore new territories. Second, […]