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Published by: Mintel International Group Ltd.
Published: Dec. 1, 2008 - 125 Pages
Table of Contents
- ISSUES IN THE MARKET
- Introduction
- Main themes
- Definition
- MARKET IN BRIEF
- Development curve
- Location changes
- The current situation
- Main operators
- Figure 1: Main operators, number of centres, space and shops, 2008
- The market: benefits from tough economic times?
- More reasons to visit - centre upgrades and extensions
- More reasons to visit - tenant mix
- Size vs catchment
- Supply chain issues
- Competition from value retailers and the internet?
- A third of consumers have never visited
- Shoppers want even better bargains!
- Future prospects
- Successful strategies
- INDUSTRY INSIGHTS
- Key points
- Market overview
- Market growth/saturation
- Is the FOC market counter-cyclical?
- Retail activity - challenges and strategies
- Consumer expectations/requirements of the FOC experience
- Wanting the same brand experience as the high street
- Redevelopment and revamping the experience
- Product offer/tenant mix
- Tenant mix opportunities
- Supply chain issues
- Destination status
- Visitors and travelling - price of petrol
- Impact of the value retailers
- Strategies for success
- Successful marketing strategies
- Impact of the internet
- Future prospects
- STRENGTHS AND WEAKNESSES IN THE MARKET
- Strengths
- Weaknesses
- INTERNAL MARKET ENVIRONMENT
- Key points
- Tenants
- Environment
- Value market
- Online market
- Visiting shopping centres
- Small shopping centres
- Figure 2: Visits to small shopping centres, by gender, age and socio-economic group, 2008
- Visits to major shopping centres
- Figure 3: Visits to major shopping centres, by gender, age and socio-economic group, 2008
- Shopping for leisure
- Figure 4: Shopping statements, 2004-08
- Attitudes towards personal appearance
- BROADER MARKET ENVIRONMENT
- Key points
- Age structure
- Figure 5: Age structure of the UK population, 2003-13
- Population trends favouring affluent ABs
- Figure 6: UK adult population (over 15), by socio-economic group, 2003-13
- Cars and mobility
- Figure 7: UK car ownership, 2001-08
- Employment
- Figure 8: UK workforce, employment and unemployment, by gender, 2001-08
- Lower growth PDI
- Figure 9: PDI, at current and constant 2003 prices, 2003-13
- MARKET IN CONTEXT
- Key points
- Growth reaching a plateau
- Figure 10: Non-food retailer sales and outlet centre non-food sales, 2003-08
- The goods
- MARKET SIZE AND FORECAST
- Key points
- Market overview
- Figure 11: Retail sales, UK outlet centres, 2003-08
- Retail sales growth slowing
- FORECAST
- Figure 12: Forecast, retail sales of UK outlet centres (non food), ex VAT, 2003-13
- Figure 13: Forecast of Retail sales of UK outlet centres (non food) excl. VAT, 2003-13
- Tough times ahead for factory outlets
- Factors used in the forecast
- THE CONSUMER - WHERE THEY SHOP
- Key points
- Figure 14: Where they shop, September 2008
- Top three most popular centres
- Leisure and regeneration
- Broad appeal of outlet centres
- Less affluent most likely not to have visited
- Consumers who have not visited an outlet centre
- Figure 15: Those who have not visited an outlet centre, by region, September 2008
- Frequency of visits
- Figure 16: Frequency of visits, by gender, age and socio-economic group, September 2008
- THE CONSUMER - FACILITIES THAT COULD ENCOURAGE MORE FREQUENT VISITS
- Key points
- Consumers want even better bargains!
- Bargain-focused marketing activities
- Figure 17: Facilities that could encourage more frequent visits, September 2008
- Affluent want more choice
- Figure 18: Facilities that could encourage more frequent visits, by gender, age and socio-economic group,
- September 2008
- Regional issues
- Figure 19: Facilities that could encourage more frequent visits, by region, September 2008
- Hours and transport motivators
- The importance of food
- Figure 20: Facilities that could encourage more frequent visits, by gender, age and socio-economic group,
- September 2008
- RETAIL ADVERTISING AND PROMOTION
- Key points
- Active marketing and brand building
- Figure 21: Main media used by McArthurGlen, 2003-07
- Meeting consumer expectations
- Online promotion and engagement
- Creating links
- Figure 22: Advertising spend of selected FOCs, 2003-07
- RETAIL COMPETITOR ANALYSIS
- Market positioning
- Figure 23: Market positioning of selected outlet centres, 2008
- Location
- Figure 24: Locations of selected outlet centres, 2008
- Catchment area
- Figure 25: Catchment areas of selected factory outlet centres, 2008
- The importance of the tenant mix
- An interesting choice wanted
- Figure 26: Visitor numbers and store numbers of selected factory outlet centres, October 2008
- Winners and losers
- FACTORY OUTLET CENTRE SCHEMES
Key points
- Schemes overview
- Total space and retail space
- Shops and recent developments
- Figure 27: Factory/designer outlet centres, UK, October 2008
- McArthurGlen Group
- Figure 28: McArthurGlen, October 2008
- Figure 29: Catchment areas, McArthurGlen-operated factory outlet centres, 2008, and visitor numbers
- 2007
- REALM
- Figure 30: Positioning and customer profile of REALM-managed FOCs, September 2008
- Figure 31: Key data on FOC schemes managed/leased by REALM, September 2008
- Figure 32: Advertising and marketing activity of REALM-managed centres, 2007/08
- Land Securities
- Figure 33: Key data on Land Securities FOCs, 2008
- The Galleria, Hatfield
- Figure 34: Catchment of the Galleria, Hatfield, September 2008
- Gunwharf Quays
- The Outlet - Bridgewater Park
- Figure 35: Catchment of The Outlet, Northern Ireland, 2008
- Junction One
- Figure 36: Key data, Junction One, September 2008
- Dalton Park
- Figure 37: Key data, Dalton Park, September 2008
- Value Retail - Bicester Village
- Figure 38: Key data, Bicester Village, October 2008
- Figure 39: Catchment, Bicester Village, September 2008
- Hornsea
- Royal Quays - North Shields
- Gretna Gateway Outlet Village
- Clacton Shopping Village
- Festival Park
- The Lowry Outlet Mall
- Springfields
- Dockside Outlet, Chatham
- Whiteley Village
- The Mill, Batley
- Eagle One
- Wilton Shopping Village
- FUTURE DEVELOPMENTS
- Gloucester Quays
- ONLINE
- Brand Alley
- Vente Privee
- APPENDIX
- Abbreviations
- APPENDIX - INTERNAL MARKET ENVIRONMENT
- Figure 40: Shopping statements, 2004-08
- Figure 41: Attitudes towards personal appearance, 2004-08
- Figure 42: Buying habits statements, 2004-08
- APPENDIX - WHERE THEY SHOP
- Figure 43: Where they shop, by gender, age and socio-economic group, September 2008
- Figure 44: Where they shop, by gender, age and socio-economic group, September 2008
- Figure 45: Where they shop, by lifestage, region, ACORN category, technology users, internet access,
- daily newspaper and supermarket usage, September 2008
- Figure 46: Where they shop, by lifestage, region, ACORN category, technology users, internet access,
- daily newspaper and supermarket usage, September 2008
- APPENDIX - FACILITIES THAT COULD ENCOURAGE MORE FREQUENT VISITS
- Figure 47: Facilities that could encourage more frequent visits, by lifestage, region, ACORN category,
- technology users, internet access, daily newspaper and supermarket usage, September 2008
- Figure 48: Facilities that could encourage more frequent visits, by lifestage, region, ACORN category,
- technology users, internet access, daily newspaper and supermarket usage, September 2008
- Figure 49: Facilities that could encourage more frequent visits, by lifestage, region, ACORN category,
- technology users, internet access, daily newspaper and supermarket usage, September 2008
- Figure 50: Frequency of visits, by lifestage, region, ACORN category, technology used, internet access
- and daily newspaper, October 2008
- Figure 51: Where they shop, crossed with their attitudes, September 2008
- APPENDIX: RESEARCH METHODOLOGY
AbstractDo Factory Outlets still hold the same appeal that they used to?
A more interesting choice of shops and a wider range of designer goods would particularly attract the more affluent under-45 ABC1s. This indicates they want aspirational goods that are interesting and different, and which perhaps they cannot find easily elsewhere.
Marketing the tenant mix differentials to these consumers is important, and what could be of interest are short-term tenants - those only in the centre for a few weeks, or even just a week or a weekend - so that they have to visit in that time or risk missing out. Such ‘pop-up’ brands will bring excitement and add to the ‘interesting and different’ motivation to visit.
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