The Changing Face Of Retail

Stay visible—but don’t be needed: How Alain Bejjani is leading through the unexpected
03-Aug-2020

A five-year, purpose-driven digital transformation has helped the CEO of Majid Al Futtaim, and his organization, to cope with the coronavirus pandemic.

source: mckinsey.com - Read more...

Scotland Loves Local: Major campaign urges public to shop local safely to fuel coronavirus recovery
19-Jul-2020

Scotland’s Towns Partnership today (20th July) launches its campaign – in association with the Scottish Government – encouraging everyone to support the businesses which are at the heart of their home communities.

source: lovelocal.scot - Read more...

61 job cuts at Intu HQ following administration
16-Jul-2020

Intu has reportedly made redundancies at both its London head office and one of its subsidiary property companies after collapsing into administration last month.

source: retailgazette.co.uk - Read more...

Coronavirus in Scotland: Pubs, restaurants and hairdressers reopen
15-Jul-2020

Scotland has begun its most significant relaxation of coronavirus measures since the country went into lockdown in March.

source: bbc.co.uk - Read more...

Will the hospitality industry pass on VAT cuts to consumers?
15-Jul-2020

source: news.sky.com - Read more...

Retail rocked by wave of redundancies
02-Jul-2020

Yesterday's barrage of job cuts across fashion retail will eject thousands of workers into the 'worst job market ever seen'.

source: drapersonline.com - Read more...

Intu: What went wrong?
01-Jul-2020

source: retailgazette.co.uk - Read more...

Which shopping centres does Intu Properties own as company teeters on edge of administration?
26-Jun-2020

One of Britain’s biggest shopping centre owners, Intu Properties, is likely to appoint administrators after the company released an update on talks with their creditors.

source: metro.co.uk - Read more...

Covid-19 impact – will it lead to a rise in retail to resi conversions?
26-Jun-2020

One of the biggest debates as we ease out of lockdown and come to terms with the new normal has revolved around how to revive high streets across the country, which have taken a huge hit in recent months as most shops and all bars, restaurants, pubs, theatres, music venues and cultural buildings were forced to close their doors.

source: propertyinvestortoday.co.uk - Read more...

Shopping centres could shut across the UK as malls giant Intu warns it may call in the administrators
23-Jun-2020

Shopping centres across the UK may have to close after malls giant Intu warned it would have to call in the administrators if it cannot reach a rescue deal with its lenders.

source: standard.co.uk - Read more...

Plans to turn House of Fraser in Westfield into co-working space
18-Jun-2020

Planning application for west London site reflects tough times for retailers and landlords.

source: theguardian.com - Read more...

Intu reveals plan to keep shoppers safe as people flock to the Trafford Centre
15-Jun-2020

Retail giants Intu have detailed the post lockdown measures it has introduced at the Trafford Centre. The British government reopened non-essential retail across the UK today (June 15) including the Trafford Centre on the outskirts of Manchester as well as 13 other shopping centres owned by Intu.

source: lancs.live - Read more...

Shops reopen: Long queues as high streets and shopping centres welcome back customers
15-Jun-2020

Hundreds of people were queued up outside the flagship Primark store in Birmingham city centre forcing it to open its doors early.

source: expressandstar.com - Read more...

Boris Johnson says 2m rule stays for now in visit to Westfield shopping centre
14-Jun-2020

Rishi Sunak said the government would listen to advice from Professor Chris Whitty and Sir Patrick Vallance but that ultimately it is for ministers to decide after Boris Johnson ordered a "comprehensive review" into the social distancing rule.

source: mirror.co.uk - Read more...

Intu 'administrator' seeks £12m funding
11-Jun-2020

KPMG has asked Intu’s creditors for the sum to keep it operating through an insolvency process, Sky News learns.

source: news.sky.com - Read more...

COVID-19 and European retail: how consumers are getting ready for the summer
11-Jun-2020

This article is part of a series of insights that reveal the impact of the coronavirus pandemic on online consumer behaviour.

source: comscore.com - Read more...

Shopping for clothes is about to get weird – here’s how to make it simpler
10-Jun-2020

Picture the scene: you walk into your favourite clothes store for the first time in three months, check your mask is covering your nose and mouth, and pump sanitiser into your hands. And then you spot it!.

source: theguardian.com - Read more...

Shopping centre giant Intu puts administrator on standby
06-Jun-2020

The Lakeside and Trafford Centre owner has put KPMG on standby to act as administrator, Sky News learns.

source: news.sky.com - Read more...

The Future of the High Street
03-Jun-2020

The High Street and retail was already in a transition period before COVID-19. With shops having been closed and more people now moving online will this change the future of the physical shop and in turn the High Street in which they are based? How can the retailers combine physical and online to maximise on the customer experience and will they survive if they are only bricks and mortar outlets?

source: youtube.com - Read more...

Shopping centre firm Intu expects to collect over a third less rent this year as shoppers call for extensive Covid measures to be brought in
02-Jun-2020

A survey from Lakeside Centre owner Intu Properties has found that shoppers want significant protective measures in place before they return to stores. It also revealed it estimates earning around £180million less in rent payments in 2020.

source: thisismoney.co.uk - Read more...

Meadowhall to reassess £300m expansion plans in response to coronavirus crisis
01-Jun-2020

Meadowhall is rethinking their proposed £300m leisure scheme at the Sheffield shopping centre. British Land will submit new plans for an expansion of Meadowhall after dropping architect BDP’s approved scheme.

source: examinerlive.co.uk - Read more...

Retail and leisure developments 'mothballed'
01-Jun-2020

Retail developments are likely to be reviewed and possibly “mothballed” in the wake of the coronavirus crisis, as landlords – faced with reduced incomes – reassess the viability of combined retail and leisure schemes operating under social-distancing restrictions, property experts have warned.

source: drapersonline.com - Read more...

Queuing zones, one-way systems and car park limits - Hanley's intu Potteries unveils eight-point guide for all shoppers as it prepares to reopen fully
26-May-2020

Bosses of Stoke-on-Trent's biggest shopping centre have unveiled the full list of rules staff and customers will need to abide by as it prepares to fully reopen within weeks.

source: stokesentinel.co.uk - Read more...

When will shopping centres reopen? Here’s what might happen according to the government roadmap
21-May-2020

Now that it’s been over eight weeks since the beginning of the lockdown, you may be wondering, when will shopping centres reopen?

source: womanandhome.com - Read more...

Westfield & Landsec prepare to reopen shopping centres
19-May-2020

Shopping centre owners Unibail-Rodamco-Westfield and Landsec are reportedly preparing to reopen their UK malls as they await for lockdown measures to ease.

source: retailgazette.co.uk - Read more...

The massive changes coming to Westfield as the shopping giant bounces back from the coronavirus crisis
18-May-2020

Westfield shopping centres have increased security to make sure shoppers are adhering to social distancing measures.

source: dailymail.co.uk - Read more...

UK shopping centre firm Intu seeks debt standstill as lockdown takes toll
18-May-2020

Intu Properties, one of Britain’s biggest shopping centre operators, is seeking standstill agreements from its lenders as it battles for survival after a collapse in rent payments from retailers.

source: theguardian.com - Read more...

79% UK retail landlords say Covid-19 permanently changes leasing terms
12-May-2020

A colossal 79 per cent of property owners throughout the UK who own more than 120 million sq ft of UK retail believe that the Covid-19 pandemic will bring permanent changes to how retail property is leased and the terms on which it is occupied.

source: retailgazette.co.uk - Read more...

Landsec takes £1.2bn hit to value of property empire as Covid-19 hurts.
12-May-2020

Property giant Land Securities on Tuesday slashed more than £1 billion off the value of its empire, as it laid bare how Covid-19 is hitting the retail and office markets.

source: standard.co.uk - Read more...

Coronavirus Might See The Demise Of Luxury Retailers
11-May-2020

Consumers are not rushing to retail stores quite like they once were (if you could argue that there was ever a time that luxury retailers were particularly thriving), and growing concern for the coronavirus economic crisis could mean that brick and mortar retailers are faced with more sudden closures than ever before.

source: gritdaily.com - Read more...

Retail Tech’s Top Women Discuss COVID-19 Impact
11-May-2020

Like the rest of the globe, the retail industry is in the midst of a major crisis as COVID-19 continues to rage on. With stores forced to close in much of the country, retailers have struggled to keep up with shopper demand while the industry’s biggest distribution channel remains under wraps.

source: risnews.com - Read more...

Non-essential retail to reopen in June as govt unveils lockdown exit plan
11-May-2020

More shuttered stores on the high street are set to reopen from June under a lockdown exit strategy laid out in a new 50-page document from the UK Government.

source: retailgazette.co.uk - Read more...

Appointedd boosted by solution to retail queues
07-May-2020

Virtual booking service Appointedd has seen demand soar by more than 250% in the last week as retailers look for new practices to enable them to re-open stores safely once lockdown is lifted.

source: dailybusinessgroup.co.uk - Read more...

Hotel Chocolat online sales spike fails to offset store closures
04-May-2020

Hotel Chocolat posted a surge in online sales prior to Easter, but this failed to fully offset the closure of its stores in the face of the coronavirus pandemic.

source: retailgazette.co.uk - Read more...

Frasers Group property boss criticises Westfield for resisting turnover rent'
03-May-2020

Frasers Group’s property chief has said Westfield bosses have “their heads in the clouds” after accusing them for resisting turnover-based rental agreements.

source: retailgazette.co.uk - Read more...

BRC & unions make submission on govt’s plans to reopen UK retail
02-May-2020

The BRC and trade unions have put aside their differences to work on a joint submission for the government’s plans to reopen UK retail after lockdown.

source: retailgazette.co.uk - Read more...

Merry Hill owner to take action as 'large brands refuse to pay rent'
01-May-2020

Intu has warned it is prepared to take 'robust action' against tenants that refuse to pay rent during the coronavirus crisis after receiving just 40 per cent of rent due for the first quarter.

source: expressandstar.com - Read more...

How retailers are preparing for the post-coronavirus recovery
24-Apr-2020

As the coronavirus pandemic disrupts the lives and livelihood of millions, retailers are working to understand what changes will be needed once the outbreak subsides and stores can reopen. A new survey of 98 US-based retail executives in a variety of subsectors 1 finds that most executives expect store traffic to return to precrisis levels, but not for at least several months after stores reopen. The findings also suggest that retailers are preparing for short-term changes to ensure public safety as well as long-term strategic decisions about their store networks.

source: mckinsey.com - Read more...

The Death of the Department Store: ‘Very Few Are Likely to Survive’
21-Apr-2020

American department stores, once all-powerful shopping meccas that anchored malls and Main Streets across the country, have been dealt blow after blow in the past decade. J.C. Penney and Sears were upended by hedge funds. Macy’s has been closing stores and cutting corporate staff. Barneys New York filed for bankruptcy last year.

source: nytimes.com - Read more...

Retailers Start Including Pandemic Clauses In New Leases
19-Apr-2020

According to Retail Week, Edinburgh Woollen Mill is putting pandemic clauses” into new leases it is signing on stores for its Bonmarché discount fashion brand, which it bought out of administration in June.

source: bisnow.com - Read more...

Arcadia stores at risk as discussions with landlords progress
18-Apr-2020

Arcadia Group is reportedly in discussion with landlords over leases with rolling break clauses, allowing the Sir Philip Green-owned retail empire to terminate a lease at any time during a term.

source: retailgazette.co.uk - Read more...

This is a Re-set Moment For Creating Value in Retail Property
18-Apr-2020

Take a moment to look at the havoc wrought in the last few weeks: Debenhams, Carluccio’s, Laura Ashley, Cath Kidston and more have all entered administration or are about to. £7.7bn has been lost in market capitalisation from the top four UK retail REITS; 66% of March rent was unpaid; 500,000+ non-essential stores banned from trading; and footfall down 90%+. The tide has gone out and left everyone exposed. The question needs to be asked – can retail survive the coming months.

source: caci.co.uk - Read more...

How retailers are preparing for the post-coronavirus recovery
18-Apr-2020

As the coronavirus pandemic disrupts the lives and livelihood of millions, retailers are working to understand what changes will be needed once the outbreak subsides and stores can reopen. A new survey of 98 US-based retail executives in a variety of subsectors 1 finds that most executives expect store traffic to return to precrisis levels, but not for at least several months after stores reopen. The findings also suggest that retailers are preparing for short-term changes to ensure public safety as well as long-term strategic decisions about their store networks.

source: mckinsey.com - Read more...

Landlords under pressure as global fashion chains set to demand rent holidays
16-Apr-2020

Global fashion players operating stores in Europe’s shopping centres and high streets will be demanding, even enforcing in some countries such as;Spain, rent holidays over the next few months as COVID-19 continues to take a greater hold, says GlobalData, a leading data and analytics company.

source: globaldata.com - Read more...

How consumer-goods companies can prepare for the next normal
14-Apr-2020

Forward-thinking CPG companies have begun to think about the 'next normal' —what the world may look like after strong virus-control measures are lifted. The measures in place are expected to lead to the largest quarterly decline in economic activity since World War II. An unprecedented 40 to 50 percent decline in discretionary spending will translate to a roughly 8 to 13 percent drop in GDP.

source: mckinsey.com - Read more...

01-Jan-1970

source: - Read more...

The Leisure Industry - Will It Survive The Pandemic

Drive-in cinemas, raves and dining behind plastic - the new going out
21-May-2020

With lockdown measures more relaxed, social lives are slowly becoming possible. Restaurants, bars, gigs and museums beckon. But as we take our first cautious steps back into the wider world, we are finding it transformed.

source: uk.reuters.com - Read more...

How restaurants can thrive in the next normal
19-May-2020

We lay out potential timelines for the US restaurant industry’s recovery—and actions that restaurants should take to cater to consumers’ new dining needs and preferences.

source: mckinsey.com - Read more...

Pubs and cinemas could reopen as soon as July 4 but a decent haircut remains six weeks away and there is still no date for gyms
11-May-2020

Businesses including pubs, cinemas and hotels could reopen as soon as July 4 if they meet 'Covid secure' regulations, says new guidance.

source: dailymail.co.uk - Read more...

Social distancing will be ‘the next threat to our business'
21-Apr-2020

Kate Nicholls, chief executive of UKHospitality, said: 'Hospitality faces a unique problem, in that our businesses are built around socialising. When the lockdown ends, and even if social distancing measures are relaxed, many businesses will not be able to operate fully and some might not be able to open at all. Customers may also feel nervous about going out into a potentially crowded setting,too.'

source: thecaterer.com - Read more...

Urgent government inquiry to examine how hospitality sector can be supported to reopen
16-Apr-2020

The All-Party Parliamentary Group for Hospitality and Tourism will examine what measures will be needed to support the two sectors, which are among the most severely damaged by the coronavirus-enforced lockdown.

Group chair Steve Double MP said: “Collectively, tourism and hospitality add around £80b to the UK’s economy and in normal times employ 3.3 million people.

source: thecaterer.com - Read more...

How real estate can navigate the worst recession since the Great Depression
16-Apr-2020

Real estate must prepare for its most painful recession yet, with the International Monetary Fund warning that the global economy is entering the worst downturn since the Great Depression.

source: egi.co.uk - Read more...

Carluccio's Goes into Administration
15-Apr-2020

Sky News reports that FRP Advisory, the appointed administrators of Carluccio's, gave a deadline of 5pm Wednesday for all prospective bidders to put in an offer to save the struggling restaurant chain.

source: news.sky.com/ - Read more...

Don't let coronavirus destroy the UK restaurant industry
11-Apr-2020

Many individuals and organisations have been offering their valuable time and resources to help the NHS and those worst affected by the coronavirus. This includes numerous chefs and restaurant staff who have been cooking, delivering food, raising money and offering help where they can.

source: theguardian.com - Read more...

When Consumers Say They’ll Feel OK About Dining Out and Other Activities
10-Apr-2020

With restaurants, retailers and movie theaters shuttered across the country, many companies are losing out on in-store sales, with a lucky few living off of e-commerce sales.

Companies are eager to re-open their doors as soon as possible to reignite their cash flow, but new polling from Morning Consult shows that some consumers won’t feel comfortable traveling or heading back to many public spaces at all for at least six months — with many unsure of how to even answer the question of when they’ll feel safe returning to normal life.

source: morningconsult.com - Read more...

How are restaurants responding to current situation?
10-Apr-2020

This pdf report highlights a snapshot of digital communications to customers during the outbrerak.

source: Download the PDF... - Read more...

Developers help out and firm reveals landlord & tenant obligations
08-Apr-2020

Television Centre and White City Place developers Stanhope, Mitsui Fudosan and Aimco are showing their support for the fight against Covid-19 by rolling out a number of initiatives, including the launch of a new community channel for occupiers, tenants and residents,ensuring labs can remain open for essential medical research and development.

source: propertyinvestortoday.co.uk - Read more...

Landsec launches rent relief fund as coronavirus hits businesses
02-Apr-2020

Property giant Landsec on Thursday became the latest landlord to show how Covid-19 is hurting their business, but said it would set up a £80 million rent relief support fund to help tenants.

source: standard.co.uk - Read more...

Placemaking In A Socially Distant World

Pocket parks, outdoor cinema and other ideas to boost Bradford city centre post lockdown
14-May-2020

An urban park, more pedestrianised streets and a cinema on top of a multi-storey car park are among the ambitious ideas proposed for a post-lockdown Bradford.

source: examinerlive.co.uk - Read more...

7 Placemaking Lessons From Lockdown
07-May-2020

In the UK we have all been adjusting to a new way of living and working. Whilst we are all keen for the lockdown to end it seems that very few people want things to go back to exactly how they were before. At Spawforths we have been thinking about what lessons can be learnt from lockdown in relation to the design of buildings and places to improve the quality of life for everyone.

source: spawforths.co.uk - Read more...

Coronavirus pandemic and online media consumption: settling into the New Normal
21-Apr-2020

One month into the lockdown (give or take a few weeks, depending on the country), the novelty of “the new normal” seems to have worn off, and we may be seeing signs of fatigue. These signs are reflected in the most recent levels of activity across some of the categories that grew the most during the month of March 2020. These categories are “General News”, “Instant Messaging”, “Food/Groceries Retail”, and “Entertainment”.

source: comscore.com - Read more...

Free toolkit for councils launched: when Covid-19 restrictions are over, let’s build on community cohesion to have conversations about our places and tactical urbanism.
17-Apr-2020

Covid-19 has taken our spaces away, but the good news is that it is temporary. No matter how hard it feels at the moment, the uncertainty of how long this will last, we will get them back, and when we do, let’s make the most of them. In the plethora of hard rulings to be made, placemaking activities will probably fall down the list of priorities. And, as much as I can understand that, I genuinely feel it could be a mistake as there are real opportunities to ignite passion for our neighbourhoods like we have never seen before.

source: localgov.co.uk - Read more...

Public Space in the time of the coronavirus
12-Apr-2020

What happens when public space becomes private space, when a city is measured in distances? Insight channels writer Italo Calvino.

source: straitstimes.com - Read more...

The Time to Act is Now: A Framework for Post-COVID 19 Recovery for our Towns and Cities
02-Apr-2020

Footfall, a key metric in the management of town centres and other commercial areas, has declined since the lockdown was announced on the 23rd of March. By March 31st footfall was down 81.4% compared to the same period last year (Springboard, 2020). The relatively short period of disruption has already triggered the first wave of store closures (Laura Ashley, BrightHouse, Carluccio’s), impacting first on the most vulnerable businesses, whose position was fragile even before COVID-19.

source: placemanagement.org - Read more...

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