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Www.bournemouth.ac.uk The Retail Research Group Will consumers return to the Town Centre? Christine Harris.

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Presentation on theme: "Www.bournemouth.ac.uk The Retail Research Group Will consumers return to the Town Centre? Christine Harris."— Presentation transcript:

1 The Retail Research Group Will consumers return to the Town Centre? Christine Harris

2 The Retail Research Group Castlepoint October 2003 Largest and most successful retail parks Bournemouth, South of England 645,000 m2

3 The Retail Research Group Retail Offer Marks & Spencer, Sainsbury Asda B&Q Warehouse Next, Boots, Gap, WH Smith, New Look, Top Shop and Clarks.

4 The Retail Research Group Closed 30 th Nov 2005 Not expected to open before Christmas Expected to take 50 million in the run-up to Christmas

5 The Retail Research Group Christmas Trade 3,000 car parking spaces 15,000-16,000 cars per day Where did the shoppers go?

6 The Retail Research Group Methodology Impact on adjacent centres Observations Newspaper reports Visitor counts

7 The Retail Research Group Competing centres Southampton (30 miles East) Castlepoint Boscombe Bournemouth Poole

8 The Retail Research Group Retailers actions - Food Sainsburys Castlepoint Tesco Asda Marks & Spencer

9 The Retail Research Group Retailer Actions – Clothing etc Gap H&M Marks & Spencer Principles Castlepoint

10 The Retail Research Group Bournemouth 7 point moving average 14 Nov-14 Dec

11 The Retail Research Group Poole 7 point moving average 14 Nov-14 Dec

12 The Retail Research Group Castle- point 15, ,000 cars per day TownBeforeAfterGains per day B’mouth-14,205-9,1245,018 Poole-9,110-6,8902,220

13 The Retail Research Group Reopening 12 December shops might open on 19 Dec 20 December, 7 shops opened, no anchor stores 21 December Boots opened 5 January Sainsburys opened 11 January Marks & Spencer opened 15 January 9000 cars 20 January remaining stores opened except TKMaxx ( refit)

14 The Retail Research Group Conclusions Out of town losses not gained in town Best estimate 35-40%


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