Posts from October 2022

Selfridges opens its largest-ever Christmas store

6th October 2022

The upscale department store Selfridges has unveiled its largest Christmas shop to date, located at its Oxford Street flagship. 20% bigger than last year’s store, the goal is to establish a “must-visit destination for a festive day out.” The Christmas shop is based on the fourth floor of the London department store and offers a personalisation service, lighting, ornaments, advent calendars, gift wrap, and cards in addition to showcasing Selfridges’ favourite seasonal products. 60% of the available decorations are part of “Project Earth,” meaning they are more environmentally responsible options. Following the opening of its Christmas shop on 27 October, Selfridges will introduce its holiday marketing campaign in all of its physical locations and online. As of 25 November, Santa Claus will start making daily trips to the Christmas Shop and other festive locations in the London store as well as in Birmingham and Manchester. Competition for the Christmas pound will be fierce this year amidst the cost of living crisis, with many consumers aiming to cut back on non-essential purchases. Time will tell if higher-end retailers will be as negatively affected.

News

Click and Collect economy booms as hybrid shopping grows increasingly popular

6th October 2022

According to a Barclaycard report, click and collect transactions will be worth £42.4 billion in 2022, accounting for 8.4% of total retail expenditure in the UK. The research, titled ‘What’s in Store for Retail?,’ focuses on retail enterprises with more than 10 workers and examines the growth of ‘hybrid’ shopping. Barclaycard polled 2,006 UK shoppers and 600 UK senior executives from retail enterprises with at least one physical location. Barclaycards report concluded that Click and Collect currently accounts for 40% of sales for stores that provide the service, up from 37% the previous year. The service’s popularity rose during the Covid-19 epidemic, but unlike pure internet sales, which peaked around that time, it has continued to rise when the lockdown restrictions were lifted. The Click and Collect economy currently supports 184,000 positions across the industry, accounting for 7.4% of the overall workforce. 41% of physical businesses in the UK are used as Click and Collect sites, with the same percentage used to handle returns. Consumers prefer to study items online and in-store in equal amount across a variety of categories. When purchasing from online-only enterprises, 24% are apprehensive, a ratio that lowers to just over one-tenth when businesses also have physical...

Insights News

Brasserie Blanc requiring new restaurant sites

4th October 2022

Brasserie Blanc, Raymond Blanc’s chain of fine dining, French-inspired restaurants, is seeking new locations in the south of England and Wales. The brand already has restaurants in multiple London locations, as well as in other cities around the UK including Oxford, Leeds and Portsmouth. Requirements Size: 2,500 sq ft of ground floor trading (or space to extend) with a minimum of 4,000 sq ft overall site space plus outdoor seating – 100+ dining covers and a bar area of 30. Use: Sui Generis/Class E. Locations: Brassiere Blanc are looking for freeholds and long leasehold opportunities in any residential Central London locations, as well as those in the South of England including: Contact For the full list of locations please contact Emma Draper: 0207 935 2223 / emmad@restaurant-property.co.uk

Requirements

British Land signs Los Mochis for new rooftop restaurant at Broadgate

3rd October 2022

British Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. Located on the 9th floor of 100 Liverpool Street, the restaurant will boast a 3,000 sq ft outdoor terrace with views of the City. The new restaurant will be Los Mochis’ second location in London following the opening of its highly acclaimed restaurant in Notting Hill last year. Due to open in autumn 2023, Los Mochis will bring a new food and drink experience to Broadgate, offering its Pan-Pacific menu which uniquely blends Mexican and Japanese cuisine. The ‘Tequileria’ will form a key pillar of the restaurant, featuring a signature cocktail list with one of the largest selections of fine and rare tequilas and mezcals in Europe. Markus Thesleff, Founder of Los Mochis, said: “The success of our debut Los Mochis restaurant in Notting Hill is testament to the appeal of our unique cuisine and experience that we have curated. We’re excited to be able to translate this success at Broadgate, pairing our Mexican spirit and Japanese elegance with one of London’s prime rooftop settings designed by acclaimed interior designer OV & CO.” Alice...

Deals

Filter by Categories