Opinion

Manchester – the UK’s second city for retail?

When international retailers and consumers think of the UK retail industry, London has traditionally dominated the outlook.

BY ELISE BUCHANAN

This imbalance is a global trend felt in many countries. Paris’s retail scene continues to lead in France and New York still attracts more foreign shoppers than any other US city. The perception of these cities as the only opportunity for international retailers in expansion mode is shifting, however, and traditional “understudy” locations are moving into the limelight for brands entering new international markets.

According to the 2011 census, Manchester’s urban area had a population of 2.55 million, versus 2.44 million for Birmingham – the other city traditionally considered as the UK’s number two. Manchester was also the fastest growing city by population behind London. Following the BBC’s move to new premises outside Manchester, the consensus in the media and among the public has increasingly swung toward Manchester as the UK’s true “second city.” It has emerged from London’s shadows with a separate retail identity; a shift driven in no small part by Manchester Arndale – one of Europe’s largest and long-standing city-center shopping centers. In creating a shopping environment that complements and challenges London’s dominance, the joint owners of Manchester Arndale, M&G Real Estate and intu, have attracted an increasing number of international stores to the 130,000-sq-m city-center hub, including Thomas Sabo, Kids Foot Locker, and Michael Kors in the past year alone.

When looking to elevate a non-capital city’s standing, three key lessons can be shared from our experience with Manchester Arndale, summarized as active asset management, accessibility and connections, and what I call “destination curation” – the art of developing a sense of place.

First, active asset management – the process of improving and adding value to property. To ensure the 240-store center appeals to international retailers, we group complementary brands to create separate areas throughout Manchester Arndale. This provides a fuller experience for customers, who can move between separate hubs and enjoy a seamless shopping experience.

Secondly, accessibility. Located at the heart of the city center, Manchester Arndale is part of ongoing wider regeneration plans to improve significantly the flow of people around the city. Its newest form of public transport, the Metrolink tram system, transports 29.2 million people annually and has a stop next to Manchester Arndale’s flagship Next store. Improved transport and connectivity have widened the potential customer base and successfully contributed to securing the center’s 41 million annual visitors.

Finally, “destination curation.” Of those from Manchester Arndale’s 6.7 million catchment population who visit on any given week, almost a third will visit again in the same week. We focus on developing a community feel by integrating business and community with award-winning engagement programs. A recent example saw members of the public and shop staff donating items of clothing in the center, with the contents given to charity each night.

From all this, we have learned it is vital for modern retail environments to establish an emotional connection with shoppers and develop a critical sense of community.

OpinionAt

What is your opinion on this topic? Discuss it with us! Send your opinion to opinion@across-magazine.com !

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Opinion MORE

Multi Poland: Marketing is a Key Value Driver for Real Estate Assets

In times of unpredictability, marketing spending is usually the first candidate for budget cuts. Marketing management in the commercial real estate sector must be highly focussed on the issues that are fundamental to the business of property owners which directly contributes to increasing their value.

Chase The Right Numbers

Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consider every aspect of your target audience to keep on top of the changes in consumer behavior. Footfall is reflecting your detailed expertise, not producing it. What businesses need is direct connection to their customers: establish a relationship, explore needs and demands, and use the right tools to aid this pursuit.

Why outlets are the place for the independent retailer

Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.

Focus buys Turawa Park shopping center in Poland

Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”