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Societies have changed, retail has changed, and so must architecture and the real estate industry. “Le 31” has become a model for Redevco’s vision on how to redefine retail and create a connected community of stores, partners, and visitors.

In the retail sector, the dividing line between winners and losers is particularly sharp as a result of the pandemic. Correspondingly, a substantial number of retailers in Europe will suffer from “Financial Long COVID” for years to come if politicians do not react, says Dr. Stephan Mayer-Heinisch, who spoke with ACROSS about COVID-19 from a strategic point of view.

The ACROSS Advisory Board has its say. On February 25, the ACROSS Retail Talk on “Outlook 2021” took place. 16 members of the ACROSS Advisory Board discussed the expectations and perspectives of the placemaking industry in an exciting year. A large, prominent expert audience followed the online event.

Time Retail Partners (TRP), the boutique retail property consultancy, has appointed Peter Wrigley, founder of 360Retail and a former senior director in CBRE’s lease consultancy business, as a consultant to head its new professional services specialism. Peter will work with Time’s established landlord and agency teams.

ACROSS interviews Constantin Wiesmann, Director of Leasing, and Anna Laura Riemann, Senior Leasing Manager, responsible for Westfield Hamburg-Überseequartier, of Unibail-Rodamco-Westfield (URW) in Germany. They talk about current challenges in retail, omnichannel models, the future of the industry, and the Group’s key project, Westfield Hamburg-Überseequartier.

The new, close relationship with customers. These are the strategies that retailers and operators apply to prepare for life after the crisis.

“Things are staying the same and changing, all at the same time.”

Retail properties are defined by their users: retailers. If their occupants are doing well, the objects are considered to be attractive, sustainable investments.

We know that as consumer habits in the UK and beyond evolve, our customers no longer see leisure, shopping and dining as completely distinct activities. And they’ll also not think twice about switching back and forth between online and offline channels to explore, share ideas or buy.

ACROSS asked local industry players how they assess the Brexit’s impact on the British retail real estate market. Here are their statements.

The tax on retail sales coming into force on September 1, 2016 will not contribute to the decrease in the number of shopping centers in Poland. The tax will increase the competitiveness of small- and medium-sized businesses in comparison to large entities operating in the commercial sector and will increase the state’s revenues.

Since McDonald’s opened its first UK restaurant in Woolwich in 1974, Europe has had a taste for all things American, fueled in part by the exposure we have to US brands on film or TV. The enthusiasm and success rate for US retailers expanding into Europe is mixed, however.

“Brands have to touch every step of the customer journey and online shopping must be part of a 360° digital environment that fully integrates new digital tools into all aspects of the ‘traditional’ business model.”

“We can expect to see online continue to influence retailer store requirements globally, complementing the physical store network to access a global consumer base.”

With 93% of UK adults using a mobile phone in 2014, according to Ofcom, and a wealth of evidence showing our rising emotional dependence on mobile devices, it is becoming increasingly important for retail property owners and retailers to recognize mobile device usage in store and adapt accordingly.

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