In this blog, Stephen Ryan takes us through what Natural Language Processing is and how it can help you interpret through summarising large volumes of text using a recent report on Life Sciences as an example.(more…) 07/05/2021
Here is a Universities of Bloomsbury and East London Doctoral Training Partnership (UBEL DTP) Accelerating Business Collaboration research paper in collaboration with the Consumer Data Research Centre (CDRC), Economic and Social Research Council (ESRC) and industry partner Retail Economics that has been recently completed. The research was carried out by UCL PhD student, Abigail Hill ,and is part of a business engagement project that Didobi is managing with the supervision of Didobi Director and UCL Visiting Professor Matthew Hopkinson and Professor Paul Longley of UCL.
For information on the research findings go to https://www.cdrc.ac.uk/post-covid-resilience-of-commuter-towns/21/04/2021
In this blog from Chris Duley, Didobi Associate and Founder of Adept Insight, discusses the varied mobility behaviours (pre- and post-Covid) and how new high volume, high frequency geo-data can be utilised to measure footfall and define catchments and importantly dynamically track the impact of interventions and investment in our town centres and high streets.(more…) 16/04/2021
The first Universities of Bloomsbury and East London Doctoral Training Partnership (UBEL DTP) Accelerating Business Collaboration research paper in collaboration with the Consumer Data Research Centre (CDRC), Economic and Social Research Council (ESRC) and industry partner Geolytix has been completed.
The research was completed by UCL PhD student James Todd and is part of a business engagement project that Didobi is managing with the supervision of Didobi Director and UCL Visiting Professor Matthew Hopkinson and Professor Paul Longley of UCL.
For information on the research findings go to https://www.cdrc.ac.uk/understanding-and-comparing-mobility-data-4th-feb-2021/04/02/2021
Didobi’s report, commissioned by the Urban Land Institute Europe on Understanding The Life Sciences Sector. The case for Real Estate Investment has been published
For further information go to https://europe.uli.org/life-sciences/03/03/2021
MEDIA RELEASE – Seven leading experts from UK universities and consultancies have joined the membership of the High Streets Task Force’s Professional, Research and Data Group (PRDG). The PRDG will now turn its attention from COVID-19 to longer-term trends and opportunities for high streets and town centres.16/02/2021
This video is an overview of the European Life Sciences research report that Didobi was commissioned to write by the Urban Land Institute Europe. It was launched for the ULI conference held this week. The report that will be released in March 2021.10/02/2021
In this article, Didobi Associate, Mark Charlton, highlights the importance of sustainable investment and why you need to take action now to understand and deliver against the ESG goals your investors and tenants will demand .(more…) 25/01/2021
As I sit at home having had a Christmas of self-isolation (one of my children tested positive) I have had plenty of time to reflect on the year that is about to end. If anything, like a nightmare, it has appeared to drag on much longer than the reality of the actual clock ticking. Here is what I believe the year has taught us.(more…) 28/12/2020
In this blog from Mallika Basu, Didobi Associate and Founder of Basu Consulting, she discusses why there’s no better time than now to whet our appetite about how food and drink can inject fresh flavour into our town centres and high streets.(more…) 06/11/2020
Didobi has been awarded a research mandate to write a report on UNDERSTANDING THE LIFE SCIENCES SECTOR: THE CASE FOR INVESTMENT(more…) 13/10/2020
Covid19 has created many new opportunities for investment in our towns but the question for any investor is where, why and how can they realise their investment? In this blog Matthew Hopkinson, Mark Charlton and Chris Duley look at this this can be done.
In this blog by Alan Dalgleish, our ‘Didobian in Asia’, he looks at the challenges and most importantly the opportunities that the current Covid19 pandemic will create for real estate investors and owners.(more…) 25/09/2020
In this article for the Property Chronicle, Didobian Stephen Ryan, looks at long income property and the implications and complications associated with it.(more…) 21/09/2020
In this guest blog, #bettertowns co-founder, Brian Thompson, discusses how now more than ever we need a multidisciplinary, collaborative, data-driven approach to regeneration in our towns and the new #bettertowns roadmap is a new innovative way to do this.(more…) 11/08/2020
In this guest blog by #bettertowns partner, Olivia Paine of HLM Architects, argues that cutting red tape around planning permissions is a quick-fix solution aimed at very particular scenarios – isn’t it time we acknowledged that the common denominator is process rather than product?(more…) 04/08/2020
Didobi works on implementation of data strategy and solutions with a diverse group of clients and Acuity Robotics is no exception. We are delighted to share the outputs of the the last 6 months with regards data capture by robots and the collation, aggregation and analysis of the data in a structured data warehouse(more…)
Innovative roadmap launched to lead the way towards better, healthier and more successful towns(more…) 22/07/2020
The Investment Property Forum (IPF) has appointed Didobi to lead on one of its core research projects. IPF is an individual members organisation for those operating in the UK property investment market. with a membership of over 2,000 – including investment agents, fund managers, bankers, lawyers, researchers, academics, actuaries and other related professionals.(more…) 15/07/2020
In this blog Matthew Hopkinson illustrates why understanding how to use data and software to solve problems is not as common and effective as it might appear. He uses three case studies of data interpretation from innovative companies in this space.(more…) 03/07/2020
Didobi co-founders Matt Richardson and Matthew Hopkinson have founded a new data insight company called Income Analytics that measures and forecasts tenant income risk globally.(more…) 16/06/2020
For investors, the order in which returns arrive can make the difference between success and failure.(more…) 12/06/2020
The words we choose are revealing. In an amusement park, small electrically powered cars with rubber fenders all round are driven in an enclosure. Some people call these cars “dodgems”, others call them “bumper cars”. Based on their choice of words, which group do you think will drive more recklessly?(more…)
Before the news of Covid19 came out of Wuhan, China we had started a new decade full of hope and varying degrees of optimism. The pace of change of the previous decade had been fast and furious but for many change was too little or too late. The changes to how we lived, shopped, worked, travelled and socialised are well documented and the central catalyst was technology be it the internet, cloud computing power and storage, growth in data or universal access to smartphones, PCs and tablets. I began the year with my hopes and aspirations for this decade with the LinkedIn post below having no idea as to what was coming.(more…) 15/04/2020
Data is either structured or unstructured. Structured data is neatly arranged in rows and columns, like a spreadsheet. Unstructured data is messy and disorganised. It shambles towards us as PDFs, Word documents, presentations, open-ended survey responses, webpages, blog posts, social media sites, audio files, images and emails.(more…) 30/03/2020
Stephen Ryan, who leads the Didobi Investment Research team, takes a look at the week ahead and how we support clients in a number of different ways. With the increased velocity of change, multiplying data assets and complexity in decision making, having the right research skills, experience and support is key.(more…) 24/02/2020
We move to cities and we live in small groups when we get there. These two trends, urbanisation and smaller households, are contributing to housing shortages in cities across the world. Stephen Ryan looks at what needs to be done in this article for the Property Chronicle magazine.(more…) 11/02/2020
Last week the BBC’s investigative journalism programme, Panorama, focussed on the UK High Street. ‘How to save the high street’ visited a number of towns including Stockton on Tees, Southsea and Southend on Sea. Understanding the causes is key to addressing the effects.(more…) 21/01/2020
Human psychology can have a big impact on decision-making. We make cognitive errors on a routine basis by using rules of thumb and over-simplifications. We follow stories rather than facts. We are prone to social biases, such as groupthink and herding. Didobian Stephen Ryan looks into the issues for the Property Chronicle.(more…) 09/01/2020
This is the topic that Matt Richardson and Stephen Ryan addressed in a Didobi and Control Risks report published for the Investment Property Forum this week.
The background is that real estate markets have become used to, and in some cases dependent on, cross-border capital flows. However, the rise of nationalism and ardent protectionism threaten to upend the status quo that has been decades in the making.(more…)
Understanding investor returns in commercial real estate is key to understanding the potential of places. Everyone recognises the need for investment in our towns and cities and this can only come from one of two sources – the public sector or the private sector.(more…) 06/11/2019
Extracts from the Universities of Bloomsbury and East London Doctoral Training Partnership Business Collaboration Showcase Event
This event was organised by Didobi and hosted by the UCL, Bloomsbury and East London Doctoral Training Partnership on 22nd October 2019.(more…) 04/11/2019
If your answer to this question is we store everything on a spreadsheet then read on!(more…) 23/10/2019
Following the success of Didobi’s first aide-memoire #CreatingBetterTowns earlier this year, today marks the launch of #CreatingBetterLeaders, an aide-memoire on leadership and teams. This aide-memoire covers the core key considerations from leading self, leading others, community leadership and team building along with examples to judge yourself against.
Both are FREE resources for all to use.02/10/2019
Enterprise Nation and Amazon launch programme to help small businesses grow on both the high street and online.
More than 100 small online brands given the opportunity to reach customers on the high street for the first time in Clicks and Mortar pop-up shops, in partnership between small business support group Enterprise Nation, Amazon, Direct Line for Business and Square.(more…) 03/06/2019
The answer is a great deal and last month I was very fortunate to enjoy a lifetime experience of a five-day dog sledding expedition in the arctic. (more…)08/05/2019
In previous blogs the team at Didobi have talked about the need for commercial real estate investors and occupiers to recognise that as well as their core business, which is often their sole focus, they are most importantly in the information or data business. This calls for a joined-up data strategy where all areas of the business that have or create data are integrated in order to effectively create one massive data jigsaw where the picture gives your true insight on your business, its performance and its opportunities and threats.
In December 2018 there was barely a mention in the property press of the ECB’s decision to finally halt its’ Quantitative Easing (QE) programme after 5 years. After all, what was the problem? The UK had finished its own programme back in 2015 although the Bank of England had stepped in temporarily with a £60 billion top-up to steady markets following the initial BREXIT vote in 2016, and real estate investment markets across Europe were in rude health. (more…)
In December 2018 I decided that in order to help Towns better understand the challenges they face there should be something that could be an easy reference document. This came about from completing day one of a #CreatingBetterTowns Masterclass for the Local Government Association with 24 councils and from thinking back to my military days where as a young platoon commander I had a Tactical Aide-Memoire (TAM) that provided all the key information and considerations to do my job. Without it you would have been lost on many occasions especially when situations called for quick responses. (more…)
As you will be aware our towns are facing some of the greatest challenges in terms of their form and function for the 21st Century. These challenges come in many forms be they economic such as empty shops or taxation, social as seen in the rise in rough sleeping or loneliness, or environmental such as air quality and recycling. There are many issues which are interlinked and interdependent but are often dealt with within separate silos due to political or organisational structures, funding channels or human nature where rights and responsibilities may not run in tandem. (more…)
2019 will be the Year of the Pig according to the Chinese zodiac and starts on 5th February. It states that it will be a great year to make money and a good year to invest! Only time will tell but 2019 should be pivotal for a number of reasons in my view.
The last decade since the iphone first launched has been a series of ‘firsts’, inventions and rapid evolution of technology which was supported by strong consumer adoption. 2019 is likely to be different as the rate of technological evolution slows, (more…)
Back in 1981 Tversky and Kahneman published “The Framing of Decisions and the Psychology of Choice”. In one experiment students were presented with a disaster scenario and asked to choose between two possible solutions. Both had the same expected outcome – a certain number of lives saved, and a certain number of deaths. In a rational world, the respondents should have given equal preference to each scenario but in reality, most students favoured the options which were “framed” around the certainty of saving lives, irrespective of their number.
On 1st November I was fortunate to be attend the Alibaba Cloud launch for the UK in London. Essentially this was the ‘switching on’ of two data centres near Woking that create a significant extension to the Alibaba Cloud Services platform as the picture below illustrates.
The recent headlines in the financial press regarding the sharp fall in the value of Blackrock shares (Blackrock: a vast money machine splutters – FT 19/10/2018) may seem like distant thunder to many in the UK commercial real estate sector but the implications for the sector could be very real indeed.
On 10th October 2018 at Senate House, University of London, I had the pleasure of assisting in the organisation and chairing of an event titled ‘Data Analytics, Innovation and the Impact on Business and Society’. Whilst this might seem a typical title for an event in the heart of one of the world’s leading universities the aim however was somewhat different. The event was co-sponsored by ubel (the London doctoral training partnership), the Consumer Data Research Centre (CDRC) and UCL Innovation & Enterprise. (more…)
August is for many people a quieter work month or one where you take some well-deserved holiday, farmers excepted! As such I thought I would pen a few words on one of my passions in life which is people. Throughout my life I have enjoyed meeting and working with people from all backgrounds and that continues to this day and will hopefully continue to the end of my days! I learnt much of this from following my father about, looking and listening to how he connected with people. Very sadly he died in January 2016 but the attendance at his funeral and the many letters that my mother, my siblings and I received truly brought home what being a people person is all about. So during this quiet period I thought that I would ask you if your people are P.E.O.P.L.E.? (more…)
One of the main characteristics of this last real estate investment cycle has been the growth in cross border capital flows that has had a huge impact on asset prices and increasingly dictates market pricing. Indeed, it could be argued that this represents a seachange in attitudes with global investors finally recognising that real estate is an investment asset class in its own right that should form part of a diversified portfolio alongside equity and fixed income. (more…)
Guest blog by Bill Grimsey. First appeared in Daily Telegraph on 4th July 2018 when #GrimseyReview2 was launched at the Local Government Association conference in Birmingham, UK. Matthew Hopkinson was a co-author. The review is available to download from our publications site here.
The answer should be people leading change empowered by technology and data. The reality is that in many organisations people are not sufficiently skilled to harness the power of technology or data to make decisions. Interpretation of data and being able to communicate it as a compelling story to others is a skill which many cannot do, have not been trained to do or lack the confidence to change what they have been doing for many years where data and technology was of little relevance. (more…)
This is a guest blog by Alice Goudie from Emu Analytics, a massively innovative and capable company in London, that shows how data science, mapping and analysis will help drive a better world.
In 2013 I was involved in co-authoring The Grimsey Review – An alternative future for our high streets. Again in 2018 we are doing #GrimseyReview2 which will look at the first review 5 years on and will take a more comprehensive and case study approach to what is a major issue for towns not just in the UK but across the world. It is about towns, cities and places not high streets. A high street is a function of a place and not a standalone entity.
This week four members of the #GrimseyReview2 team will visit a town in Belgium. Why I hear you ask? It might seem odd in this time of BREXIT getting all the attention that a team from the UK is visiting a town in Europe that having read #GrimseyReview1 back in 2013 got in touch to say they were going to implement many of the recommendations. This they have done and to great success in many areas so we are going to see and hear the WHAT, HOW and WHY from Roeselare’s mayor. How ironic that a Belgian town has adopted recommendations from a UK report! (more…)
As I sit down to write the data and evidence chapter with considerably more material than in 2013 I am drawn to what we wrote in 2013 and ask myself;
A lot has changed in retailing, taxation, planning, policy and in our towns and in the consumers mind and hand (technology) but the first review set out to suggest how best to manage and monitor our towns so we could create the best places in the face of unprecedented change both in terms of speed and outcomes. (more…)
Today, 11th April 2018, is an interesting day in terms of data around companies and places in the UK. The most anticipated news was around Tesco’s latest results. In addition to this LDC and PwC released their bi-annual report around the openings and closures of chain retailers in Britain’s top 500 cities and towns. The third ‘running news’ is that Hammerson has rejected an improved offer for their business from French shopping centre owner Klepierre.
In the wake of recent news about distressed retailers (30,000 according to Begbies Traynor), CVAs, administrations and closures (Warren Evans, Thomas Cook, Carluccio’s, Jamie Oliver, Byron, Toys R Us, M&S, Prezzo, Maplin, New Look and East to name but a few this year) along with the 2017 Business Rates Revaluation and Brexit, Veteran retailer Bill Grimsey former CEO of Wickes, Iceland, Booker and Focus DIY has put together a team of experienced professionals, from various backgrounds, to revisit the first Grimsey Review “An Alternative Future for the High Street” that was published in Westminster in 2013. (more…)
This may seem a curious question but one of the popular misconceptions for real estate investment managers is that they are actually in the real estate business. Sure, we all work WITH real estate but let’s take a step back and consider for one moment what the investment industry is actually about.
This week (26 Feb to 2 March) has been the most significant for a long time with regards the fortunes of UK retailers and food and beverage operators. We have seen the administrations of Toys R Us (106 stores and 3,000 jobs), Maplin (217 stores and 2,335 people). There is also talk of closures from Prezzo(100 stores) and Mothercare (152 stores) as well as Carpetright’s (426 stores) profit warning, its’ third in four months!
This comes off the back of other administrations in 2018 of East (34 stores) and Warren Evans (14 stores). Rumours are also rife about a New Look CVA next week. (more…)
Why are they having to do this and what lies behind their strategy. There should be no surprise as all businesses have t adapt and change and M&S has such history and expectation on its shoulders that it is harder for them than most. Shareholders expectations are a big driver which is where private businesses like Aldi luck out!
This week I was privileged to to an after dinner speech to a group of senior property professionals. This is what I told them!
“Good evening and thank you for your kind introduction. It is a pleasure to be amongst so many surveyors having started my commercial life twenty years ago under Michael Nicholson’s, tutorage at FOCUS – the first UK data entrepreneur!
The majority of the Christmas sales results of the public companies have now been published. So what do they tell us about the state of retail and the British High Street? High Street is a commonly used term for a shop in many news outlets but the physical reality when you consider it as a ‘place’ is that it resides within a town or city centre and is a mix of unit sizes and with a number of landlords – some active and some passive or indeed not known at all. As such the aim of this blog is to look at an overview of results by retailer as best one can as not all will be measuring sales in the same way but where ever possible I have tried to take like for like sales for the Christmas period. (more…)
This week saw Moodys downgrade New Look and House of Fraser’s credit ratings. With this in mind and the fact that there is a new management team at New Look delivering a new strategy then a shallow dive on their physical store estate is of interest especially when benchmarked to others in the fashion and clothing sector.
On November 28th, was the Local Data Company’s (LDC) fifth Scottish Retail and Leisure Trends Summitheld in partnership with the University of Stirling. The report revealed interesting insights as to how Scottish centres are performing relative to England and Wales but also relative to each other. There was also a short presentation by Chris Fowler of LDC on how data is being captured and used at a local level to understand performance and opportunity with a case study from Aberdeenshire Council on the town of Peterhead. (more…)
Closer analysis of the fastest growing fasciae within the F&B market shows shopping centres as a key growth area. For example, the top 30 fasciae have increased their presence in shopping centres by +170 units. Of these, the top 10 have the lion’s share with an increase of +109 units. High streets have seen little change and for retail parks there has been a marginal increase with the likes of Costa and Krispy Kreme opening more than 20 units each. The one standout growth fascia on the high street is Costa who have added another +26 units. (more…)
Part 1 of this food and beverage snapshot showed the accelerated growth in F&B outlets across the UK in the last 12 months (from July 2016) with growth coming from both independent operators and chains (with more than five units nationally). Part 1 covered the macro trends and this next section will look at which operators have been growing and contracting, along with the location types where this change is occurring.
New analysis by LDC shows some significant trends in the openings and closures of food and beverage (F&B) outlets across the country. ONS data released in February 2017 showed that spending by households on restaurants and hotels was now more than £45 per week, which is the highest in five years. In February last year, NPD Group published figures that claimed Britons spent a total of £52.2bn eating out in 2015 and that this will rise to £54.7bn by 2017. Burgers alone accounted for £4.2bn of spend, with coffee forecast to rise from £2.17bn in 2015 to £2.4bn in 2017. (more…)
A new report by The Local Data Company (LDC) reveals that the number of new food and beverage (F&B) outlets opening across Great Britain has reached a new peak in the last 12 months.
In the last 5 years the average annual growth rate of F&B outlets was +743 new units per year (net), but in the last 12 months the number of new units nearly doubled to 1,333 (+44%).
Over the last twenty -five years the supermarkets have been rapidly expanding their presence across the country in what was often called the ‘race for space’. This included physical store building as well as banking land to prevent competitor expansion. More recently we have seen a surge in convenience store formats in town and city centres. The number of formats has tripled and food stores are now the desired anchor for many new developments and not the traditional department stores. (more…)01/10/2019
2015 will be the Year of the Supermarket not in a promotional way but more of a Darwinian way of ‘adapt or die’. The big four are all public companies which enables us to see, subject to the accuracy of the figures, what the impact of a changing consumer, a fiercely competitive market and demanding shareholders is doing to these significant UK businesses. Not only are they a critical food source but they also employ hundreds of thousands of people in every town up and down the country. (more…)
The FIRST retailer administration of 2015 has arrived with Bank the fashion retailer. Over 80 stores but 70% are in shopping centres and not on the High Street. Is it as a result of a very crowded market, poor offering or POOR LOCATIONS? The LDC/Morgan Stanley Health Index shows that of its shop locations 25% are in WEAKENING locations with only 6% in Strengthening locations. Also of not is that 25% of shops are in the North West which has seen the sharpest impact of vacancy rates and the persistence of vacancy.
Analysis of other retailers on LDC’s Insight platform shows that others are not too dissimilar – the big question is do you know who and are they in your town or shopping centre? Which landlords will be most impacted?
Happy New Year! The christmas period has been a fascinating one in terms of retail. It all started with the online frenzy days of Black Friday, Cyber Monday and White Saturday. It was reported that Amazon alone shipped 11 million items in the UK on those two days alone! Websites crashed, froze, set up queuing systems and others reverted to the message of ‘essential maintenance- please try again later’! Added to this Yodel declared that it could not keep up with demand and then we have recently seen the demise of CityLink! The perfect storm had happened and without any of the snow of 2013! Imagine if the weather had added to the mix!! (more…)
40% of empty shops in Scotland’s towns have remained vacant for more than three years! This week we published our second report on Scotland’s towns and cities in partnership with The Institute for Retail Studies, The University of Stirling. The report’s key findings were presented at the offices of KPMG in Edinburgh by Professor Leigh Sparks of The University of Stirling.
I have spent the last two days immersed in the Grand Hotel Brighton with the great and the good of the institutional property investment market at the Investment Property Databank (IPD) and Investment Property Forum (IPF) annual conference. It was a very thought provoking event and a pleasure to catch up with old friends and meet new ones. The quality of conversation was excellent in that it challenged my limited economics knowledge and at the same time enabled me to learn from such exceptional economics commentators including Robert Peston (BBC Economics editor) and Gerard Lyons (adviser to Boris Johnson). (more…)
The last few weeks have seen a flurry of sales results including growth, decline, profit warnings and the launch of new formats. Many talk of convenience being key and that we define our choice and knowledge from online sources and that shops (on and offline) are transaction hubs only or, as is my view, brand ‘oxygen’ where consumers connect with product and people. We are social beings who associate with values and emotions – the best communicant of this is often another person. (more…)
British Government figures from 2012 show that UK wholesale and retail trade contributed 16% of economic output and 16% (4.3 million people) of employment. More up to date data from April 2014 shows that consumers in the UK spent around £27 billion and of every £1 spent (online or in shops but excluding petrol stations) £0.47 was spent in food stores and £0.46 was spent in non-food stores with the remainder spent in market stores.
As a member of the Investment Property Forum (IPF) I attend the Investment Property Databank (IPD) who are now owned by MCSCI, joint investment update with the IPF. Today was the day to see the numbers from Q3 2014. In summary, it was very positive news with regards the market being as strong as it has been pre the crash in 2007/8. However, it was very clear that London is a ‘country in its own right when it comes to comparison to other regions and UK countries. These numbers relate to institutional investments only and the sample size has increased to 9,712 properties across all property types. (more…)
Last week we published in partnership with PwC data on the openings and closures of chain retailers in the top 500 towns. At our Openings & Closures Summit on 13th October kindly hosted by Hogan Lovells we also presented on the wider impact of the changes GB wide as clearly retail parks and big malls are a destination of choice for many. Here are the key findings of what the chains are up to in the top 500 towns.
This week we published some analysis on the health of the independent shops sector. It shows that traditional independent shops and leisure outlets continue to increase in Britain’s town centres whilst the chains continue to retreat. Contrary to popular belief independent high street businesses have continued to grow every year since 2009 albeit in smaller numbers as the years have passed. In 2010 the net change (openings less closures) in stores grew by 4% and in 2014 this growth reduced to 0.37%. Comparison goods (non perishable goods) retailers have been the exception to the rule and have shown consistent decline since 2012 with a net loss of over 600 (-2%) comparison goods shops. (more…)
This morning, at Freshfields Bruckhaus Deringer’s offices in London, The Local Data Company’s (LDC) latest report on vacancy rates entitled ‘Not All Boats Rise On The Tide’ was presented by me at LDC’s 10th Retail Summit. It analyses over 3,000 town centres, shopping centres and retail parks. The report analyses retail and leisure vacancy rates in the first half of 2014 to deliver the most comprehensive insight on the health of Britain’s towns, retail parks and shopping centres.
Britain’s vacancy rate fell in August to 13.3% from 13.4% in July. This is its lowest level since June 2010. The overall retail and leisure vacancy rate also decreased from 11.9% to 11.8%. Analysis of vacancy rates by occupation type shows that Shop vacancy in August was 13.3% (-0.1%), Leisure vacancy was 7.7% (+0.05), and All (Retail & Leisure) vacancy rate was 11.8% (-0.1%).
As many authors have stated including Benjamin Franklin there are only two certainties in life – ‘death and taxes’. Applied to retail then this would have to be business rates and parking charges. Any reader of debate around the health or otherwise of our town centres will have these two issues crop up as frequently as our obsession to talk about the weather.
Last week we released a new overview dashboard to our online insight platform (LDO). This was not just a software release but also a significant milestone on our journey to better understand the heartbeat of the UK’s retail and leisure locations many of which are a key feature of many communities.
As part of the ‘jigsaw’ we are building at LDC the new pieces, which we brought to the new overview tab, were: (more…)
The BBC (Radio 4, You & Yours) commissioned LDC to update analysis we did for them last year with regards key indicators on the first 12 Portas Towns. We analysed vacancy rates, openings and closures and the independent vs multiple mix.
These first 12 towns were announced on 26 May 2012 by the then High Streets Minister, Grant Schapps, and were selected from 370 applications as part of the Portas Review recommendations. (more…)
Below is a piece I recently wrote for Retail Week as part of the LDC Thought Leadership series.
This question is often asked and in my view it is far too simplistic as there are so many different changes happening across the thousands of High Streets that LDC walks every day that to make a yes or no answer would be impossible. A more appropriate question is about how sustainable are many high streets and do they have economic health. This is the challenge between the misused word ‘community’ and the reality of running a shop or owning a shop on a high street. (more…)
Last week I headed to Turkey for a last minute week in the sun with my family. We were based in the south west of Turkey with the nearest towns being Oludeniz and Fethiye. In light of what I do at LDC I could not help myself but take a tour of the Turkish high streets and markets in our vicinity and was surprised in a number of ways.
Firstly, whilst I appreciate that where we were was very geared to the British tourist, I was surprised as to the way the local Turkish businesses have adjusted to attract the British Pound and I mean Pound as the traders would take anything from Turkish Lira, to British Pounds, Euros and even US Dollars. This just shows how important foreign currency is to these economies and the flexibility and lengths these businesses go to achieve sales. (more…)
I have attended a couple of events and hosted one in the last two weeks that all touched on or covered in detail the role of food and beverage (F&B) in the places we traditionally shopped. The growth of F&B has been everywhere not just in the traditional high street. Shopping centres and retail/leisure parks all have expanded the opportunity for us to eat, drink and be merry in the hope we might shop as well.
Food first appeared in shopping centres 25 years ago but it is only recently with the new schemes that the impact has been noticeable. LDC analysis (by unit) shows great variance in the provision of F&B in shopping centres. (more…)
Yesterday I attended the St Bride’s Managers update at The Magic Circle in London. Was the magic Circle coincidence or a reflection that we need some magic to turn things around?
My takeaways were as follows and show that there are so many moving parts in modern economies that it is often challenging to align them all to reach a clear view.
Some of the more concerning issues (Bad News) that the UK economy face include: (more…)
LDC publishes today its latest national vacancy rates from May 2014. The simple answer is that the last six months have seen a progressive improvement in the shop vacancy rate for Great Britain. This is significant, as we have not seen such a prolonged period of consistent reduction in the number of empty shops in our town centres.
The shop vacancy rate in May reached its to its lowest level since June 2010. The shop vacancy rate decreased by a further 0.1% to 13.4%. This is a marked improvement from a year ago when the rate was 14.1%.
This is my third guest blog and this time it is written by Katie Shaw who heads up our field research operations at LDC. Whilst there is lots of data out there, made more fashionable via the Big Data mantra, there is not much that one can really equate with consistent quality and thus valuable analytics. Outside of the financial markets quality data is difficult to come by and this blog by Katie shows how we deal with these issues in order to deliver the quality that everyone at LDC is proud of and works tirelessly to maintain. Thank you Katie! (more…)
The fashion industry is worth £26billion to the UK’s economy, which is an increase of 22% since 2009 (source British Fashion Council) but according to research by Oxford Economics the number of jobs in the industry is down by 2.4% since 4 years ago and as shops are a major employer it suggests that changes are afoot when it comes to bricks and mortar fashion outlets.
In light of the knowledge The Local Data Company (LDC) has from the data we collect across the country I am very quickly able to answer this question through (more…)
On BBC Radio 4 Today programme there was a piece around tanning salons being a health risk with many not being maintained to the required standards. Last week there were various articles which focussed this problem on Blackpool – here is the link to the BBC piece. For many high street visitors tanning salons used to be very popular in the 1990s but since then they have been overtaken by charity shops, cheque cashing, coffee and betting shops!
Today LDC tracks 1,238 standalone tanning shops and no doubt more tanning beds will exist in other health and beauty locations (add another 10,000 outlets!). (more…)
Today I have my second guest blog from my right hand lady (assistant) Melissa Watson who is also one of the LDC fashionista. As someone who is in her twenties it is worth reading what and how she and her friends think and do when they ‘shop fashion’! Thank you Mel for a great blog!
The fashion industry is worth £26billion to the UK’s economy, (more…)
Deidre Hipwell in The Times recently wrote (27 March 2014) ‘The making of bricks in Britain has fallen so steeply that the country has the equivalent of only about two months’ of supply in stock, an industry leader has warned.’
The head of Michelmersh Brick Holdings said that a “difficult five years” meant that brick stock levels had fallen from 1.1 billion bricks to 332 million, adding that “you can’t just switch that production back on overnight”. (more…)
This is the first of many guest blogs (I hope!) that will address specific issues that relate to data, technology and the retail and leisure sectors & places. This first one is written by my digital design colleague Alex Oswald. Who will be first to adopt? Nike or Church’s Shoes? Thank you Alex for taking the time to blog.
It seems that there are no bounds to how far innovators will go to make our lives easier – or should that read lazier!
Footfall has been a key health barometer for shopping locations but in light of the changing purpose of our shopping places and the rise of leisure uses is it as significant as it once was? Regularly footfall statistics are published by a number of providers and often there can be differences in numbers and trends, which I presume are a result of differing collection methods, locations and analysis. There have been new entrants in the market as well, namely the mobile phone operators who track every movement of our mobile phones. (more…)
There has been lots of media interest around Mary Portas’ visit to Rotherham recently and it appears that great things have been happening there with the town team. In light of a blog I read this morning saying that LDC misrepresents the vacancy rate, I felt it appropriate to reply with what the field researched data tells me. Our field army last visited Rotherham in January, so the analysis that I am going to allude to is from then and not now. Rotherham, as many will know, has many challenges in common with other towns and cities up and down the country. A post industrial crisis of employment, proximity to a large metropolitan centre (Sheffield) and one of the largest retail parks in the country (Meadowhall) as well as (more…)
You may or may not have seen some numbers I ran for Deidre Hipwell of The Times article yesterday on estate agents. Now you would think that with a recession and house price crash that the number of estate agent ‘shops’ would have declined. The reality is that they have overall increased marginally over the last few years. Anecdotal evidence and conversations that I have had will say that the change comes in terms of estate agents as people rather than as ‘shops’. Whilst their shops stayed open (a key marketing space) the number of agents reduced behind the windows of property particulars.
Over the last few months Deloitte and their data scientists have worked with our data on looking at what happened to the shops of the top 27 administrations that took place. The results were published on Friday but show that the majority of them have been reoccupied. The 27 were Alexon, Allders, Barratts, Bay Trading, Blacks/Millets, Blockbuster, Clinton Cards (exc Birthdays), Comet, Dreams, Ethel Austin, Focus DIY, Game (exc. Gamestation), Habitat, HMV, Homeform, Jane Norman, JJB, Julian Graves, La Senza, Land of Leather, MK One, Oddbins, Past Times, Peacocks (exc. Bon Marche), Pumpkin Patch, TJ Hughes and Woolworths. (more…)
I am fortunate to be a member of the Investment Property Forum, which is an organization, like a club, that only allows membership after you have been vetted as ‘suitable’. It’s website descriptor is;
“Set up in 1988, the Investment Property Forum (IPF) is the leading UK property investment organisation for individual members. It comprises an influential network of senior professionals all active in the property investment market.