Studies & Reports

THE MOST CURRENT STUDIES AND COUNTRY REPORTS

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Cushman & Wakefield’s new ‘Main Streets Across the World’ report places London’s New Bond Street at the top of the global ranking – ahead of Milan’s Via Montenapoleone and New York’s Fifth Avenue. The report also confirms broad-based resurgence of Europe’s prime shopping miles.

Festive celebrations are proving to be a powerful driver of retail performance, according to new analysis from CACI, the data specialists focused on people and place. The company’s latest insights reveal that Christmas light switch on events significantly boost consumer spending, increase dwell time, and attract shoppers from a wider catchment area.

Retail PIN, the German-based think tank for retail real estate, has published its new position paper, which explores how retail properties can generate impact today: economically, socially, and environmentally. The paper provides insights on management, leasing models, operations, and legal frameworks, offering a holistic perspective on the evolving retail property landscape.

The share of private consumption allocated to retail – rather than savings, services, or leisure – continues to decline across the European Union. In 2024, this trend persisted for the third consecutive year, with EU citizens spending just 32.6 percent of their disposable income in retail. Croatia recorded the highest share, with nearly every second euro spent in retail. These insights come from a new, free study published today by NIQ Geomarketing, offering a comprehensive overview of retail trends across Europe.

GRAI 3/2024 is driven by greater consumer confidence. The index compiled by Union Investment and GfK sees increased signs of recovery in eight European countries. The most significant increases are visible in Sweden and the Czech Republic, while overseas regions are stabilizing at a weak level.

Consumers in Europe continue to be affected by various crises. After inflation peaked in 2022, 2023 was characterized by an adjustment to the increased cost of living. Additionally, the multiple global crises and the loss of purchasing power caused uncertainty, which led to concerns and a change in consumer behavior.

According to Regio Data’s most recent report, while brick-and-mortar retailing throughout Europe has been in decline for years, factory outlet centers are developing magnificently. In total, the sales area of the 180 outlet centers is already around 4.6 million sq m, compared with 3.3 million sq m a decade ago. This results in an increased rate of almost 40% – and another 18 projects are in the planning stage.

Digitalization in the retail sector is in full swing. This is leading both to a changed shopping experience for customers of local suppliers and discounters and to simplified processes in the management and purchase and sale of retail real estate. However, retailers should be mindful of customers’ interests when using artificial intelligence (AI) in sales. While functioning digital systems are important, completely digital smart stores without personal support miss the mark when it comes to consumer needs. This is shown in the third GRR Basic Retail Report, which GRR Group is presenting with its cooperation partner Savills.

Since the beginning of the COVID-19 pandemic, the European retail sector has been experiencing one crisis after another. As the pandemic faded, consumers and retailers finally hoped for relief, but the war in Ukraine immediately followed, causing further crises.