Nash Bond/FSP Q2 2014 Central London Quarterly Retail Bulletin

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  • *30 ft zones Source:NashBond

    LondonsRegentStreettodeploybeacontechnologyLondons 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.

    EsteeLauderhaveagreedtooccupyalltheretailatFitzroyPlacedevelopmentExemplar have confirmed a letting to the cosmetics giant at 1 Fitzroy Place of 140,000 sq ft office and retail within the development.

    LondonretailspacetoradicallyincreaseindecadeofdevelopmentLondon is set to benefit from a decade of development that will add some 10 million sq ft of retail space to the capital.

    CoventGardensHenriettaStreetgetsmenswearrevampHenrietta 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

    FSPs 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.

    FSPs 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

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    000s

    Jun 1

    2Ju

    l 12

    Aug 1

    2

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    Sept

    12

    Oct 1

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    Nov 1

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    Dec 1

    2

    Jan 1

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    Feb 1

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    Mar 1

    3Ap

    r 13

    May 1

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    4Ap

    r 14

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    l 13

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    3

    Sept

    13

    Oct 1

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    3

    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

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    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 Londons 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

    E.info@nashbond.co.uk

    W.www.nashbond.co.uk

    FSPRetail

    T.01494474740

    E.fspretail@fspretail.com

    W.www.fspretail.com