After a substantial amount of speculation, supermarket Morrisons will finally have an online grocery retail presence, after launching its new agreement with Ocado this week. The deal has, however, not gone unnoticed by competing supermarket Waitrose, who also have an arrangement with the delivery firm. The introduction of e-retailing for Morrisons at the end of […]
One of the big stories in the UK retail sector this week is that customers at British Land’s shopping centres will be able to enjoy free Wi-Fi later this year. As many of you know, for me, this is really great news! British Land’s full shopping centre portfolio will benefit from the deal with BT […]
A number of announcements this week have further illustrated how truly multi-channel the retail sector is becoming. Selfridges have announced they are set to open a drive-thru click-and-collect service at its London flagship store. The department store is going to adapt a forecourt space off the side of its Oxford Street site so that customers […]
Some positive news this week, as the UK economy managed to exceed analysts’ expectations and achieve growth of 0.3% in Q1, thus avoiding an unprecedented triple dip recession, and providing a timely boost to sentiment after an uncertain beginning to 2013. Unfortunately, notwithstanding this progression, the UK’s GDP is still 2.6% below its pre-recession peak […]
Don’t we all appreciate the promise of the almost unlimited choice the online world is providing us with, and also the convenience of when and where to pick up our order or send it back without any additional cost if we don’t like it? But do we actually consider what this means in terms of […]
Three months after joining Jones Lang LaSalle as a graduate in the Retail Research team – I thought I should have a look into where I think the current retail market is and peer into its future. The shopping centre or high street of yesterday is a thing of the past. Customers, myself very much […]
Wondering where to go on your city break next year? If it’s shopping you’re after, and the buzz and glamour of the big, international brands in particular, then Jones Lang LaSalle’s new report, Destination Europe 2013 is a must read. The report unveils our new cross-border retailer index, which analyses the expansion and presence of […]
Against the backdrop of structural change playing out in retail, there is a need to figure out what the future retail and retail property landscape will look like. Without a doubt there will be more retail casualties. Some of the retail failures will be overdue, in other words, they only lasted this long thanks to […]
We live in a world of economic uncertainty and marketplace volatility. Weakening growth in the developed world, allied with a lack of political leadership is unnerving markets and business leaders alike. As this blog is published, the eurozone crisis rumbles on (or even worsens). Meanwhile, the political stand-off in America is adding to the sense […]
With less than 70 days to go now until the London Olympics, retailers will be hopeful that the combination of the Queen’s Jubilee (and a welcome additional bank holiday); the Euros and the Olympics will lead to an increase in consumer spending. Pub and restaurant operators will also be looking to the summer festivities to […]
What was the average size of the Welsh backline in the Six Nations? According to various estimates, somewhere between the size of my shed and my house. My initial reaction was that I’m glad my playing days are long gone. But it also seems to be indicative of a wider trend, towards size, power, scale […]
Peter Lowry, CEO of Westfield and Sir Philip Green of Arcadia shared the platform this morning for the opening of the Bank of America Merrill Lynch Real Estate Conference 2012. This much anticipated and attended session, in my mind, set the tone for another day in a retail market that is facing significant structural change.
As I struggled with the pram down my local high street at the weekend, at one stage forced into the road, (I’m assuming my wife will not be reading this) I was struck by several things; a slow moving Fiat Punto (don’t worry, the pram took the brunt of the impact) but more importantly, and […]
Summary: Clicks’ drive retail growth at expense of ‘bricks’– for some time to come Imminent lease expiries – a catalyst for swift change ‘Protecting rental values’ becomes the new ‘rental growth’ Valuation adjustments – coming soon Relative winners still emerging ‘Clicks’ drive retail growth at expense of ‘bricks’ Online retail to strengthen during 2012… Online […]
There are three stories in particular that have appeared in recent press that resonated with me. Unlocking the pipeline…. Firstly, Klepierre has said that it intends to sell €1bn of assets, to improve its financial position and to provide finance to support the development pipeline. As we suspected, developers will have to begin to sell […]
Following some festive cheer, January saw consumers seek to tighten their spending belts once more. December sales were boosted by a level of pent up demand which was driven in part by “austerity exhaustion”, but with 2012 came a slowdown as we again returned to our cautious ways. According to the latest figures from the British […]
