Didobi appointed by The Local Government Association to deliver Economic Growth Essentials workshops
Didobi has been appointed by The Local Government Association in the UK to deliver a series of workshops on delivering Economic Growth post Covid for Councils. The workshops are aimed at Councillors and will cover: Developing a growth narrative Growth opportunities in the post pandemic economy Foste
To support its Workshop Series for Towns, Didobi has published a Guide on Food and Drink Strategies for Towns. The Didobi Guide covers: What is a Food and Drink Strategy Why your Town needs one Socio Cultural Trends Consumption trends and practices Key considerations of a food and drink strategy Questio
Together with Urban Change Specialists Publica, Didobi will deliver a bespoke programme of support to London Boroughs developing evening and night- time strategies
Overconfidence can be ruinous in real estate and elsewhere. Stephen Ryan discusses the issue and implications in this article for The Property Chronicle magazine.
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.
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
Understanding place catchments and the dynamics of people’s mobility to help drive winning place strategies
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 interven
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. T
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/
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 a
A client research project for the Urban Land Institute Europe. Real estate investors and developers are showing increasing interest in life sciences real estate based on the structural growth potential of the sector, coupled with the diversification benefits of an anti-cyclical play. A ULI member survey
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. https://www.linkedin.com/posts/ulieurope_life-sciences-
Client report: Investment Property Forum Operational real estate is mostly associated with alternative real estate types, as opposed to the traditional sectors of office, industrial and retail property, and many investors view these assets as complex, illiquid and opportunistic. However, deal volumes an
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 .
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 […]
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.
Didobi has been awarded a research mandate to write a report on UNDERSTANDING THE LIFE SCIENCES SECTOR: THE CASE FOR INVESTMENT
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.
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.
Isn’t it time we acknowledged that the common denominator is process rather than product for our towns?
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?
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 da
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, law
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.
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.
For investors, the order in which returns arrive can make the difference between success and failure.
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 reckl
Why we must reflect, re-energise and re-purpose as a society to ensure that the Coronavirus cloud has a silver lining.
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, […]
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
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
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.
In January 2020 Quadrant and Eccleston Capital launched a new investment vehicle to repurpose redundant department stores. Matthew Hopkinson of Didobi was commissioned to write a thought leadership section on department stores (pages 6 & 7) “With investment, innovation and imagination departme
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.
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 f
This Investment Property Forum research paper written by Didobi and Control Risks focuses on the threats and opportunities posed by growing nationalism and protectionism to global capital flows in the real estate investment sector. Two scenarios have been chosen to outline potential trajectories for the
What would a more nationalist and protectionist world look like and what would it entail for real estate investors?
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 n
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.
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.
If your answer to this question is we store everything on a spreadsheet then read on!
Stephen Ryan attended Expo Real, the annual trade fair for Europe’s real estate sector, in Munich this week and shares what issues he came across from speaking with delegates (see https://www.exporeal.net/).
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
#CreatingBetterLeaders is designed to be an aide-memoire and support for everyone who is knowingly or unknowingly, willingly or unwillingly, in a situation where leadership is required to help transform or build teams in an organisation, place, company, or community. Download here.
Didobi appointed as independent research consultant to Amazon and Enterprise Nation’s Clicks and Mortar initiative
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 suppor
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.
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 wh
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 temporari
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 fr
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 [
A workbook for use in conjunction with the Didobi Better Towns Aide-Memoire to help users deliver a vision, strategy, and well thought out plan for their town. The workbook forms part of the Didobi and Partners Better Towns Masterclass, where it is supplied as a hard copy along with the aide-memoir
An aide-memoire for Councils and stakeholders in towns which identifies and clearly defines best practice, methodologies, and the key ingredient for Creating Better Towns: a Didobi Masterclass. “The Local Government Association welcomes this aide-memoire, designed to support the Creating Better To
2019 – The Year of the Pig 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 […]
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 ce
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’
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 [&he
Time For A Change In Direction? 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
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 Grimsey Review 2 ‘It’s time to reshape our town centres’ was published in July 2018. It is a ‘five years on’ follow up to the 2013 Grimsey Review and contains evidence of how UK towns are changing, recommendations, best practice, and case studies from across the UK and
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
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 [
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 […]
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; What has changed? A lot has changed in retailing, taxation, planning, policy and in our towns and in the consumers mind and hand (technology) but [&hellip
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
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
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 o
Our first outing on the airwaves talking to Winifred Robinson about Marks and Spencer store closures on BBC Radio 4 You and Yours programme – 31 Jan. 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&
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 N
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 […]
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
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
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
Who and where are the risers and fallers in the UK food and beverage market? (Part 2 F&B Market Series)
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
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 yea
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 [&hellip
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 convenie
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 de
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 locatio
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 q
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 offic
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 u
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,
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 excludi
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 [&he
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 mall
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 c
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.
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
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 t
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
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. Background These first 12 towns were announced on 26 May 2012 b
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 […]
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 […]
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/
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
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 emp
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 […
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 c
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 tan
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! […
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 y
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 Ale
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
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
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 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, Barratt
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 orga
Time flies and so I have to apologise for not getting this to you all quicker. You may or may not have seen that we published some data around openings and closures of retail and leisure businesses across Great Britain in 2013. We looked at chain retailers in partnership with PwC and then we looked [&he
The sentence above is one that has been common in the last two years and most recently it was used by Philip Clarke (CEO Tesco) at Retail Week Live to describe the journey Tesco is on. Of any sector or CEO Philip Clarke is in the thick of change and faces the challenges on the […]
Yesterday I attended the Acuitus/IPD auctions update for 2013. It was a very interesting morning that showed the renewed appetite of investors to enter the market but the issue of a very hot market and a lack of stock. Anuj Patel of IPD kicked off with lots of data and graphs. The main stats were [&hell
This week has seen another report on our high streets, this one from Ken Shuttleworth (The Gherkin architect) and others along with the BIS Select Committee stating that business rates are ‘not fit for purpose and need a complete overhaul’. This follows on from other reports of which the Grimsey Rev
On 30th April 2010 Best Buy, the giant electronics retailer opened its first UK store in Thurrock. The Carphone Warehouse then acquired a 50% stake in Best Buy Europe – a marriage made in heaven many said. The best of both – big box discount retailing from the US and an established and respected mo
This week has been a very busy week. It started with our 9th Retail Summit, which was held at Freshfields in London. Over 160 people turned out to hear how whilst vacancy rates have started to slowly come down we are seeing this only in the ‘South” but in the ‘North” the opposite is true. [&hell
I had the pleasure last week to be asked to speak to the Masters course at the Dublin Institute of Technology, which is home to Ireland’s main business school. I spoke about Britain’s retail economy and places looking at the structural changes taking place and the drivers behind these changes. Dubli
So the Christmas trading results are now behind us with the last two Poundland (sales +12%) and WH Smith (sales -4%) showing the variance in sales performance during the Christmas period. That said WH Smith has still managed to keep costs down and remain profitable! Off the back of these results and the
The last two weeks have seen a plethora of data about the economy and the state of retail in general. Today the latest ONS figures show retail sales up 5% year on year for December with independents fairing well. How these figures are derived I have no idea but what is clear is that it […]
Firstly, may I take this opportunity to wish you a very Happy New Year! I think that 2014 is going to be a very interesting year for retail and is going to be one of polarisation between retailers, brands, places and people. There is much talk of a recovery albeit it tentatively which is good […]
Next week sees the closure of all Blockbuster shops. From having had 528 shops it will disappear completely. Woolworths was the same but had over 820 shops and that disappeared five years ago – yes five years have passed since the real issues on the high street came home to roost. Since then thousands
The autumn statement can be considered as good news for our town centres. Some we had heard prior with Hugh Pym’s (BBC) scoop on the 2% cap but the two surprises for me were the £1,000 discount for sub £50,000 RV premises and the 50% rates discount for reoccupation of long term vacant property.
Yesterday I had the pleasure of presenting to the London Stansted Cambridge Consortium event on Future Towns held at Sadler’s Wells in London. I was but one of a number of keynote presenters which were interspersed with case studies for the consortium’s geographical area of interest. The audience nu
Today has been an interesting news day with two, much commented upon, fast growing occupiers of our high streets stating the value they add economically through employment and footfall to the high streets they fill. The two business types I am referring to are charity shops (Demos report) and betting sh
Many column inches are written on stats from the High Street such as the recent ONS sales figures (-0.7%) and the BRC drop in footfall. The same happens when we publish vacancy rates or the number of openings and closures. It is a great sector to work in as there is always a story to […]
I had the pleasure of speaking at the British BIDs conference this week in London. BIDs, as place management entities, are growing significantly and were borne out of their success in North America. They now number over 162 (150 at the time of the survey), of which 122 contributed to the British BIDs an
Yesterday I attended a Cushman & Wakefield event that covered the cinema market. It was about ten years ago that everyone was saying that cinemas would be extinct, as everyone moved to on-demand television and films with the rise of film clubs such as LoveFilm and Netflix. The reality is that, whils
So is today is the ‘end of the beginning’, as the final witnesses present themselves in Committee Room 8 for the The Business, Innovation and Skills Committee inquiry into the UK retail sector. Today’s turn is Bill Grimsey who led on the most scientific and comprehensive retail review
This question was asked of Martin Sorrell recently and without hesitation his answer was Jeff Bezos of Amazon (who incidentally turns 50 in January so he is not vintage). Is he right? This story from Bryan Roberts was a good start to the debate at today’s Squire Sanders retail event in Leeds. So here
Today I presented at the first LDC Openings & Closures Summit, which Hogan Lovells kindly hosted in London. We had an excellent chair in Damian Wild, Editor of the Estates Gazette, along with a top panel. The panellists were Mathew Ditchburn from Hogan Lovells, Sam Fenwick from the BBC You & You
Today the team at Squire Sanders, an international law firm, asked me along as one of a number of guest speakers to discuss issues in retail. The 40+ strong audience (speakers and guests) were an mix of retailers (more of this later), landlords, lawyers, consultants, and trainers. Before reporting on th
So today I have been up in the North West. I exited the train at Preston, a town I have known for many years. My next stop was Clitheroe so I made my way to the bus station. As with anything in life, humans are quick to judge and consumers in a town are no […]