Search Results for: retail leisure – Page 9

The experience economy has driven changes across all economic sectors in recent years, and retail has experienced some of the most radical, yet interesting ones, opening new paths for business by interacting with other industries such as travel. Shopping tourism is showing its power as a business driver and, at the same time, it is pushing a deep transformation of the industry that will guarantee growth and development in the short and long run.

Unibail-Rodamco-Westfield and the future operator Explorado Group will open the new EXPOHALLE on the promenade of Centro in Oberhausen in March 2020. The approx. 2,800 sq m hall will be a platform for various events, leisure and entertainment exhibitions. The first highlight will be a multisensory and interactive exhibition of the “Smurfs”, which has already made successful stops in Paris and Brussels.

“Recent research carried out by Leisure Development Partners, in cooperation with Mapic, has shown that introducing a leisure concept into a retail space increases its footfall by up to 4 percent and the retail spend by up to 16 percent.”

HB Reavis is developing the mix-used scheme Stanica Nivy in the emerging Nove Nivy zone in Bratislava. This new shopping destination will attract 55,000 visitors daily.

Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.

“In our view the residential market is complementary to retail real estate, and combining them in a balanced way will only add to the strength of a location. In that sense, mixed-use developments tie in nicely with our retail background.”