*30 ft zones Source:NashBond
• London’sRegentStreettodeploybeacontechnology–London’s Regent Street is set to deploy ‘beacon’ technology that will enable shoppers to receive personalised marketing content on the their mobile phones when visiting the mile long shopping street.
• EsteeLauderhaveagreedtooccupyalltheretailatFitzroyPlacedevelopment–Exemplar have confirmed a letting to the cosmetics giant at 1 Fitzroy Place of 140,000 sq ft office and retail within the development.
• Londonretailspaceto‘radicallyincrease’indecadeofdevelopment–London is set to benefit from a decade of development that will add some 10 million sq ft of retail space to the capital.
• CoventGarden’sHenriettaStreetgetsmenswearrevamp–Henrietta Street in Covent Garden is to be repositioned as a premium menswear destination, with developer Capco looking to repeat the success of its recent regeneration of nearby King Street.
in short
zone a movements the major streets
West end 2014 Q2 3 mnths 1 Yr 5 Yrs 10 Yrs
BoNd StREEt* £1300 8.3% 91.2% 205.9%
oxFoRd StREEt* £825 6.5% 6.5% 65.0% 83.3%
REGENt StREEt* £650 30.0% 116.7%
KENSINGtoN HIGH St* £280 24.4% 1.8% 9.8%
PICCadILLy* £300 66.7% 114.3%
CaRNaBy StREEt £485 2.1% 2.1% 61.7% 148.7%
Cov GaRdEN jamES St £820 13.1% 13.1% 57.7% 72.6%
HIGH HoLBoRN £250 11.1% 61.3%
CHEaPSIdE £275 5.8% 1.9% 19.6%
BISHoPSGatE £275 1.9% 14.6% 57.1%
SLoaNE StREEt £825 73.7% 108.9%
KINGS Road £450 5.9% 12.5% 7.1% 55.2%
BRomPtoN Road £660 10.0% 25.7% 29.4%
jERmyN StREEt £300 5.3% 5.3% 62.2% 200.0%
retail bulletinall the latest from nash bond & fsp JULY 2014
central london
www.nashbond.co.uk www.fspretail.com
retail burn
retailers in london
retail neWs index
FSP’s Retail News Indicator tracks the sentiment of news about Central London retailers.
although the news about F&B retailers continues to hold news about Central London above the rest of the UK, the reversal in the sentiment about Clothing & Footwear retailers has pulled the all London index down.
FSP’s SnapShop records good news stories about: Burberry, with a jump in annual profits and a return of Ben dickens; Wahaca with the launch of a new fast-casual concept; thomas Pink with interactive in-store technology. Not so good news recorded for: american apparel with the board suspending founder dov Charney; Bershka with plans by Inditex for the brand to exit its oxford Street store; Prada, with a decline in first quarter profits.
90
95
100
105
110
115
120
000’s
Jun 12
Jul 1
2
Aug 12
Aug 13
Sept 12
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Mar 13Apr 1
3
May 13
Jun 13
Jan 14
Feb 14
Mar 14Apr 1
4
May 14
Jun 14
Jul 1
3
Dec 13
Sept 13
Oct 13
Nov 13
C&FF&B ALL LONDON ALL UK
retail neWs indexup to June 2014
Source : FSP
Thomas Pink
opening closing
Source: FSP
www.nashbond.co.uk www.fspretail.com
4000
Week
4500
5000
5500
6000
6500
7000
000’s
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47
2013 2014
West end WeeklY footfall
Source : NWEC
FSP continuously undertakes research on customers and retailing in the West End. Shopping Centres, outlet Centres and increasingly Retail Parks rely upon an appropriate mix of fashion retailers to attract, engage and delight shoppers.
age and Image self-perceptions underpin fashion purchasing decisions and Fashion retailers tend to be positioned to serve specific market niches. FISH is the FSP consumer segmentation system that identifies 5 key groups amongst shoppers for fashion merchandise. It is equally applicable to shops, based on their targeted shoppers. It can be seen from the adjacent chart that the predominant FISH classification of central London retailers is assured, the category Premium brands are most associated with. assured shoppers are mobile, high spending, brand aware and fashion conscious.
the knoWledge
neW West end statistics
store opening
Piquadro - the Italian luxury leather goods company has opened their first UK store on London’s Regent Street. after overseeing a successful retail expansion in China, Piquadro opened 67 Regent Street extended to 1,400 sq ft over two floors.
Piquadro is known for its unique leather goods designs, such as the Blue Square and currently has over 108 stores around the world.
Nash Bond acted for the Landlord, St martins Property Corporation.
-5%
5%
10%
15%
-10%
-15%
-20%
0%
May Jun Jul Aug Sep Oct Nov Dec13 Jan14 Feb Mar Apr
BOND STREETREGENT STREET
OXFORD STREET WEST END
Jan
-5%
5%
10%
15%
-10%
-15%
0%
Feb Mar Apr May Jun Jul
BOND STREETREGENT STREET
OXFORD STREET WEST END
average WeeklY footfall% Year on Year change
Source : NWEC
Knightsbridge
20%
40%
60%
80%
100%
Bond Street Kings Road Regents Street
SloaneStreet
East OxfordStreet
West OxfordStreet
Piccadilly
Young Family ClassicAssured
65% 74% 70%
53%
82%
28%
46%
71%
london West end - retail mix: fish
Source : FSP
NashBond
T.02072904555
W.www.nashbond.co.uk
FSPRetail
T.01494474740
W.www.fspretail.com
