SnapShop Retailer Directory Search

You are here: Home | Blog | Retail Update - May 2013

SnapShop Blog

Retail Update - May 2013

 

Posted At: 23 May 2013 16:31 PM
Related Categories: Retail

 

Today, 23rd May, marks the opening of British Land and USS’s remodelled Whiteley Shopping Park in Fareham, Hampshire. The opening is the second of only two retail centres to open this year, the first of which was Land Securities’ Trinity Leeds which opened in March. The 320,000sq ft. scheme comprises 56 shops, is anchored by M&S and Tesco, and opened with only seven vacant units – a large improvement on the tired and unsuccessful Whiteley Village Factory Outlet scheme it has replaced. Trinity Leeds itself has exceeded expectations since its debut, welcoming 2.7 million shoppers in its opening month. Let’s hope that Whiteley can do the same.

Cushman & Wakefield have predicted the Russian shopping centre will overtake the UK within the next year to become the second largest market for shopping centres in Europe. France and the UK are currently the top two in terms of existing space with 16.95sq m and 16.48sq m respectively. Russia, which has 16.47sq m, will overtake the UK as new developments are completed over the next 12-18 months.

In terms of administrations, May has been fairly quiet with only two reported. London restaurant group Scotch Steak Houses appointed Wilson Field as administrator. There is, however, confusion surrounding the current state of the business due to no details having been released. York-based independent Coggles appointed Begbies Traynor as administrator after talks to secure extra funding to aid further growth of the business broke down. Despite May being quiet, retail administrations for the first quarter of 2013 increased by 10% compared to the fourth quarter of 2012, largely due to the number of high-profile administrations at the beginning of the year. But with the next rent quarter day falling on June, there could potentially be an increase in the second quarter.

In other news, development initiative the Collective Project is to refurbish and repurpose up to 18 vacant retail units on Camden High Street in collaboration with the Conran Design Group, to launch a series of pop-ups on a six-month long rolling programme, in an effort to boost trade and reduce its vacancy rates. The shops will also operate as street level exhibition spaces for a number of art and culture events.
 

Comments Comments (0) Twitter Twitter


Comments...

There are no comments for this entry.



Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

 
Name *
Email Address *  
Website
Comments *
 
 
 
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.

Subscribe

Enter your email address below
to receive SnapShop blogs
straight to your inbox.
 

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (137)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (193)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retailer View - Weird Fish
Retailer View - Monki
Retailer View - Boden
Retailer View - The Entertainer
Retail Update - November 2018

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×