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A1 winter 2013

Apr 06, 2016

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  • Affordable luxuryUS retailer Davids Bridal arrives in the UK

    Global affairsInternational retailers make their mark in the UK

    North and southThe latest developments in Glasgow and Oxford

    The big drawWhy department stores are thriving in the UK

    winter 2013

  • The retail industry looks to the UK as a beacon of quality retailing. On a global scale, few could argue with the sectors advanced business models, closeness to its customer, and ability to keep up with ever-changing consumer behaviour.

    The feature on department stores (page 14) illustrates just how adept the UK market is at dealing with change. Many department store groups are thriving for instance, John Lewis has posted a profi t rise this year and its fascinating how theyre able to develop new formats to reach customers in different ways. In the UK, department stores are very strong, established brands with top-quality operations, which has helped them expand. In fact, across the UK retail sector, advances in multichannel are the envy of many global markets. The feature on mobile (page 28) shows the creativity with which retailers are using the platform to drive sales and customer loyalty both online and in store.

    The ability to evolve is one of UK retails strengths. Consumer research on page 17 shows retail parks are becoming ever-more attractive. They have developed from being an accessible collection point for bulky goods to more attractive shopping destinations with a tempting mix of tenants from fashion to leisure.

    UK retailing has its challenges, of course but many international retailers view the UK as a promising market in which to expand their global presence (page 10). The success of many international brands in the UK indicates how, despite the market being a crowded one, it holds opportunities for those who can stand out from the crowd and meet customers expectations.

    The evolution of retailers property portfolios is critical to their ability to survive and thrive. Property requires strategic thought, and only the very best retailers realise the importance of property talent (page 30). These are the businesses that are investing in their property teams to take the business forward. And these are the ones that will continue to thrive in the ever-competitive world of UK retailing.

    UK retails strength is its ability to evolve

    Foreword

    Richard Akers, executive director, Land Securities

    winter 20132

    28

    14

    17

    Many international retailers view the UK as a promising market in which to expand their global presence

    14

    17

  • 10

    6 We meet Davids Bridal UK managing director Myriam Ben-Yedder

    winter 2013 3

    Contents 4 News All the latest deals, initiatives

    and retail developments from Land Securities shopping schemes

    6 Interview Myriam Ben-Yedder on the arrival of US chain Davids Bridal in the UK

    10 International Why retailers are expanding their global presence on UK shores

    14 Department stores With an abundance of choice under a single roof, department stores remain convenient and aspirational destinations

    17 Retail parks Consumer research shows how retail parks are becoming ever-more attractive

    21 Development Land Securities plans for two proposed developments in the North and South of the country

    22 Oxford The citys retail o er is to be transformed with new development plans and the repositioning of its Westgate shopping centre

    25 Glasgow As the UKs best retail location outside London, A1 reports on plans to enhance the retail and leisure o er in the city

    28 Mobile The impact of the growth of mobile as a retail channel online and in store

    30 Talent As the property role shifts, A1 looks at how retailers are managing talent in their teams

    32 Retail view Land Securities Richard Akers and Claires Europe president Beatrice Lafon on the state of play in the retail market

    34 Portfolio An overview of Land Securities shopping centres, outlets, retail parks, leisure schemes and developments

    22

  • News

    Produced by

    develoPment

    Boutique cinema chain Curzon is to open in Londons Victoria next year, further boosting the areas leisure offer.

    The signing at 62 Buckingham Gate is Land Securities latest commercial development and will bring the first cinema to SW1.

    Due to open in spring 2014, the five-screen cinema in the developments basement will be the sixth in the capital for Curzon. This follows success in prestigious locations including Mayfair, Bloomsbury and Chelsea.

    Further leisure signings at the development include deli and cafe Benugo and healthy food chain Leon,

    which are planned to open for Christmas trading. A 5,430 sq ft unit for tapas restaurant Iberica has signed in the nearby Zig Zag building on Victoria Street.

    Land Securities head of development in London Colette OShea said: Victoria is fast making a name for itself as a place for people to dwell and spend quality time from morning to night.

    62 Buckingham Gate is the most significant commercial development to open in London this year, and an important step in Land Securities 2bn transformation of Victoria.

    Cinema chain Curzon to open in London Victoria

    initiatives

    Record-breaking student numbers descended on annual Student Lock-ins at Land Securities schemes in September.

    About 48,000 undergraduates flocked to late-night events at Trinity Leeds and St Davids shopping centre in Cardiff, taking advantage of discounts, goodie-bags and freebies. In Cardiff, footfall increased 27% from 22,000 to 28,000 in 2012. At Leeds, an estimated 500,000 was spent by 20,000 undergraduates.

    More than 170 retailers and restaurants from both schemes took part, with many reporting that sales

    exceeded a usual days takings within one hour. Participating retailers included Topshop, Urban Outfitters, H&M, Schuh, Yo! Sushi and Superdry.

    A Schuh spokesman said: Just two hours in, we had more than doubled our takings on the 2012 event, and what we usually take on a Saturday. This event is a great opportunity to meet new students in the city.

    St Davids centre director Steven Madeley added: Were thrilled by its success. The event saw thousands of shoppers packing into the centre to make the most of the incredible discounts on offer.

    Student Lock-in nights hit record numbers

    Editor Charlotte Hardie

    Writers mark Faithfull, Gemma Goldfingle, alex lawson, George macdonald, Keely stocker, Rebecca thomson

    Supplements Production Editor tracey Gardner

    Design forty6 design ltd www.forty6design.com

    Publisher tracey davies

    For Land Securities

    Claire Reynolds [email protected] t +44 (0)20 7747 2390

    Sejal Lad [email protected] t +44 (0)20 7024 5411

    Retail Week

    all material is strictly copyright and all rights were reserved. Reproduction in whole or in part without the written permission of Retail Week is strictly forbidden. the greatest care has been taken to ensure the accuracy of information in this magazine at the time of going to press, but we accept no responsibility for omissions or errors. the views expressed in the magazine are not necessarily those of Retail Week or land securities.

    a1 is printed by Headley Brothers ltd.

    ashford, Kent

    students took advantage of discounts, goodie-bags and freebies

    winter 20134

  • Other news

    X-leisureLand Securities has acquired an additional 35.6% in the X-Leisure Unit Trust for a total cash consideration of 104m, taking its total ownership to 95%. The X-Leisure portfolio comprises 16 schemes, totalling 3.1 million sq ft of leisure and entertainment space, including X-scape in Milton Keynes and Brighton Marina. Land Securities is now the UKs biggest leisure landlord.

    Galleria, HatfieldThe Galleria in Hatfield has completed new deals with Prezzo and PizzaExpress and premium fashion retailer Gant has expanded its floor space, which altogether will take a combined food and retail space of 10,000 sq ft.

    Land Securities portfolio director Deepan Khiroya said: The expansion of Gant, followed by the arrival of PizzaExpress and Prezzo, demonstrates how we work with our tenants to commercially meet their demands and increase their presence within the scheme.

    White Rose lettingsThe retail offer at Leeds White Rose Shopping Centre will be further boosted with the signing of several deals. Simply Be, Jacamo and Quiz have all taken new units, while Bank has doubled the size of its current space. Jacamo and Simply Be head of retail development Jeanette Carter said: White Rose is one of the key go-to destinations for shopping in Leeds, so it made perfect sense for Jacamo and Simply Be to open here and capitalise on the busy footfall.

    The best of enterprise talent in the North came together last month to celebrate at the Morley Business Awards in Leeds.

    More than 200 people attended the event at Morley Town Hall, supported by the White Rose Shopping Centre in Leeds and Land Securities, to hear the win-ners of the eight categories. These included retailer of the year, service provider of the year and food and drink outlet of the year.

    White Rose Shopping Centre manager Dean Stratton and Land Securities portfolio director

    Gerald Jennings presented the award for manufacturer of the year, which was won by local cake retailer Board to Tiers.

    Stratton said: Were proud to be part of the com-munity in Morley and delighted to once again work in partnership with the chamber to support this flagship event. It recognises the many successful businesses and individuals, whose hard work is ensuring that the town has a

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