22. Vacancy – GB’s Worst Performing Towns
Region
Area
2013 Vacancy
2012 Vacancy
Change
North West
West End, Morecambe
32.9
27.2
5.8
Wales
Newport, Monmouthshire
28.9
27.3
1.6
North West
Bolton
27.8
21.6
6.2
North East
Hartlepool
27.7
27.3
0.3
North West
Bootle
27.0
23.3
3.7
North West
Church Street, Runcorn
26.8
27.6
-0.8
West Midlands
Walsall
26.7
25.4
1.3
West Midlands
West Bromwich
26.6
24.3
2.3
North East
Stockton-on-Tees
26.3
23.7
2.6
North West
Eccles
25.8
26.1
-0.2
23. Vacancy- GB’s Best Performing Towns
Region
Area
2013 Vacancy
2012 Vacancy
Change
Greater London
Highgate
0.0
4.7
-4.7
East Midlands
Eastgate, Lincoln
1.3
2.6
-1.3
South East
Molesey Lock
1.4
4.3
-2.9
Greater London
Barking Road West
1.6
3.3
-1.7
Greater London
St. John’s Wood
1.6
4.0
-2.4
Greater London
Askew Road, Hammersmith
1.8
5.2
-3.4
West Midlands
Shirley Street, Solihull
1.8
3.4
-1.7
West Midlands
Thornton Heath
1.8
5.1
-3.3
North East
Woodford Green
1.8
5.3
-3.5
North West
Debden
2.0
0.0
2.0
24. Town Centre Shop Vacancy – 3 year change
35%
30%
25%
20%
15%
10%
5%
0%
More than - Neg 10-19%
20%
Neg 5-9%
Neg 4-1%
Flat 0%
Pos 1 - 4%
Pos 5-9%
10-20%
Pos 20% +
26. Regional Groupings 2013 v 2012
18
16
14
12
10
8
6
4
2
0
North (NW, NE, Y&H)
Midlands & East
South (SW & SE)
London
27. Averages - NW v SE
North West Average Vacancy %
17.4
North West Average Retail Park Vacancy %
10.1
North West Average Shopping Centre Vacancy % 19.3
South East Average Vacancy %
11.8
South East Average Retail Park Vacancy %
6.3
South East Average Shopping Centre Vacancy %
14.3
28. The Ruling Class?
Westfield London
Braehead
Metro Centre
Bullring
Meadowhall
Trinity Leeds
Trafford Centre
Liverpool One
St David's Cardiff
0%
5%
10%
Shop Vacancy Rates
15%
20%
25%
29. Brands
As a consumer, you want to associate with brands
whose powerful presence creates a halo effect
that rubs off on you.
Tom Peters
The way customers relate to brands and how
profit is generated has changed so dramatically
almost every professional is being challenged to
reconsider what they do in order to stay relevant.
Simon Mainwaring
33. The last 3 years – top 650 Town Centres
143,960 openings and closures
Net Change %
Units Net Change
Comparison
-4.32
-3,083
Convenience
5.10
830
Leisure
2.29
1,200
Service
3.84
1,993
Total
0.49
940
BUT
Multiples = -1,741 (-2.35%)
Independents = +2,681 (+2.28)
39. Scotland’s Towns – Case study
Partner research with University of Stirling (Professor Leigh Sparks) in
2013 on top 100 towns.
What is the retail scale and make-up of Scottish towns and cities?
2. How variable are Scottish towns and cities in their retailing?
3. How significant is retail vacancy?
4. Can we explain some of the patterns found?
45. Summary
•
More business failures/closures to come = more empty premises
•
Significant variance in performance by location and type
•
NEW AGE Technology is driving consolidation
•
OLD AGE Property costs deterring occupation
•
‘All inclusive’ locations will get the consumers
•
What can be done with the 15% + vacancy locations?
•
Knowledge and understanding of national trends applied locally is key
•
Ignore consumers at your peril!
46. “To open a shop is easy, to
keep it open is an art.”
Chinese Proverb