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MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
MORE+ vision #3 Culture Leisure
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MORE+ vision #3 Culture Leisure

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Modern retail wars have spawned carefully designed retail spaces that increasingly embrace cultural activities. Savvy shoppers want more—how can retailers deliver?

Modern retail wars have spawned carefully designed retail spaces that increasingly embrace cultural activities. Savvy shoppers want more—how can retailers deliver?

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  1. MORE+ Vision n°3 November 2011 Vision byevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-up Culture, leisure: traffic generator?Not only are many retailers curating their space, carefully editing themerchandise selections available to shoppers, but shopping centres andretail environments are embracing cultural and commercial opportunities. Inside • The trend briefingThis merger of culture, leisure and entertainment in retail spaces is • Interviews:playing an increasing role in enhancing the shopping experience. Itsimportance can be seen in the money now invested in public spaces and Lord Culturetheir use as a differentiator, distracting passers-by from the functionality of Bluewaterwhy they are there. PortlandSo how can retail environments be transformed into something which KaDeWeboth gives visitors more from a visit but also encourages buying, while Lend Leasedelivering a tangible return for retailers and developers? WestfieldWe’ve talked to four of you who shared with ‘MORE Vision’ their view in an Land Securitiesexclusive interview - Together with key data, useful links and must-see video, Cushman & Wakefieldit makes the third issue of MORE Vision. • What is MORE+ Vision? • What is MAPIC? Follow us on
  2. Vision by Follow us onevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-up The trend briefing Where does the trend come from ?* Promotional events have long been used as a hook to attract visitors but customers now demand more, electing not to be sold to but instead welcoming the opportunities to learn, share and discover. Shopping environments are in a unique position to provide events and spaces which allow interaction with the consumer and link these activities to the tenants and to the brand values of the centre. Above all, people want convenience and they want differentiation. Whether a communal experience for friends or family together in a shopping environment, or something to occupy children (or men shopping reluctantly!), they value distractions from the norm and they enjoy receiving something more than simple material things. So where a space can provide them with a good experience or a new skill or knowledge, it also adds to their brand loyalty and increases their dwell. In addition, shoppers can connect to their new environments and to the home by laptop, hand-held tablets and smart phones, opening up an enormous range of opportunities to interact with their surroundings. Environments which can capture this sense of exploration and make it part of their own brand offering will create a loyal and regular customer base, enhancing the performance of that space for the retailers within it. These opportunities include: 1 Bringing cultural awareness to the masses 2 Mixing uses 3 Culture intrinsic to the retail offer 4 Pop-up culture*Source: trendwatching.com a London-based, independent trend firm, scans the globe for the most promising consumer trends, insightsand related hands-on business ideas. Its free monthly Trend Briefings get sent to more than 160,000 business professionals in 180+ countries.”
  3. Vision by Follow us onevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-up Selected linksOpportunity 1: Centro Oberhausen launched an initiative Selected video Galleria Centercity, Cheonan,Bringing cultural awareness coinciding with the 60th anniversary of pop artist James Rizzi. The Central Dome was Koreato the masses transformed into a 450-exhibit Rizzi masterpiece and brought art to shoppers, plusTaking a visit to the shops to beyond simple a painting contest for 10,000 school children,consumerism, cultural events can increase footfall, generating €100,000 in charity donations.bring in new potential consumers and create a Chamartín Imobiliária and ING created the‘feel good’ factor for visitors. Such events can pro- Dolce Vita Orchestra in 2009, in partnershipvide the mainstream with access to art and culture with the Music School of the National Conservatory, addressing concerns with thewithin a familiar environment and are often used supervision and socio-cultural education ofto engage the local community. This aligns the local children. The Dolce Vita Orchestrashopping centre with its location and catchment offered musical training to 250 children plusand creates differentiation, while well targeted support for them and their families.campaigns should also tie in with the retailers wi- How do you see it? During “Domoteka Design Days” at IKEA’s Share your view and join inthin a centre. Centre Polska, Polish painters, sculptors, the discussion! photographers and fashion designers presented and sold their work in the centre. Can you appeal to a different The event promoted the importance of art demographic through ‘cultural’ and Polish artists. facilities? A total of 13 Metro shopping centres What sort of cultural event would launched a cooking event from April until reflect the brand essence of your October 2010, which consisted of free cooking environment? classes for pupils and adults, plus a cooking competition for adults. More than 1,253 pupils Post your answer and 320 adults participated in the classes, 177 4here adults participated in the competition. 4More links on trendwatchingOpportunity 2: Selected links Selected video The Tokyo Midtown complex is a mixed- Macy’s Annual Flower ShowMixing uses use development in Tokyo which includes a mix of commercial and residential uses,Some environments make culture a permanent part plus the 21 21 Design Sight gallery andof their physical presence, providing either long- workshop created by fashion designerlasting leisure facilities or forming an important part Issey Misake and architect Tadao Ando.of a broader development of homes, hotels, offices When Shelly Centre in South Africaand shops. Others such as the North Park Center hosted the start of the mass motorcyclein Dallas, Texas have spent years building up a ride, part of Africa Bike Week, the centresignificant art collection which is on permanent formed a strategic partnership with Harleydisplay. The 15m-tall, 12 tonne Ad Astra orange Davidson and visitors had the opportunitysteel sculpture by Mark di Suvero, takes centre to get up close to the legendary bikes. How do you see it?stage in the centre, located between department Musicians and bands participating in the Share your view and join instores Nordstrom and Macy’s. event also held autograph signings. It is the discussion! now the official host for the next 10 years. Dolce Vita Shopping Centres throughout Is your retail environment the Portugal launched Dolce Vita Band Casting, right location for permanent a garage band competition searching for displays of culture? new musical talent, in an effort to better communicate the centre’s brands through Do you see cultural events as an online and social media. Enrolment for investment or an unnecessary bands was to be made online, and a additional cost? specific micro-site for the competition was Post your answer created and campaigns used Youtube, 4here Facebook and Myspace, attracting over 150 bands across the country. 4More links on trendwatching*Source: trendwatching.com a London-based, independent trend firm, scans the globe for the most promising consumer trends, insightsand related hands-on business ideas. Its free monthly Trend Briefings get sent to more than 160,000 business professionals in 180+ countries.”
  4. Vision by Follow us onevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-up Selected videoOpportunity 3: Selected links Selfridges, Museum of Polus City Center created the “FairytaleCulture intrinsic to the retail Marathon”, which included theatre Everything and Vogue Fashion performances entertainment and competitions, Night Outoffer all for children, and was used as a tool to support and develop creative thinking. Part mall, part art and leisure space, the environment of Los Angeles-located Space 15 Twenty also features a convertible courtyard which is used for parties, promotions and chill-out events designed to reinforce the quirky ambience of the project - all anchored by landlord Urban Outfitters. With two of its centres in cities named European Capitals of Culture – Mercator How do you see it? Centre in Duisburg, Germany and M1 Share your view and join in Meydan Ümraniye in Istanbul, Turkey – Metro the discussion! organised a Turkish-German cultural festival Does your retail offer or location which featured international and local artists, enable you to leverage your brand dancers and entertainers, and a simultaneous, position with culture?If a space is thought of not just as a retail space but as live broadcast aired in both centres. Are shopping centres the right placea holistic space then far more is possible. This is why Silesia Shopping Centre, Katowice to tackle social issues throughUrban Outfitters’ Space 15 Twenty has been able ef- popular culture? developed the Silesia Dance Academy,fortlessly to blend music rooms, event spaces and art focused on occupying young people’s free Post your answerinstallations with a contemporary, lifestyle retail offer, time through sports. In the main square in 4herewhich also bolsters the brand. Of course many deve- front of the centre, two heated tents werelopments have contained a citadel to culture for a long built where professional coaches led 200time – a cinema. Few question the validity of combining young people in free dance lessons,retail and the revered art of film. So why not a gallery? culminating in a final stage competition.Or an aquarium? Or a live event space? 4More links on trendwatchingOpportunity 4: Selected links Selected video A touring UFO museum designed by the L’ImprimeriePop-up culture Sirius UFO Space Sciences Research Center opened at Forum Istanbul Shopping Mall.Shopping centre owners looking to bring more varied The mobile museum will be set up in front ofand enriching experiences to their destinations can shopping malls and open for visits and willprovide temporary access to almost any form of travel for one year, around Europe and to theculture, high or low. Pop stars long ago realised the Americas.value of playing malls and mall owners have tried BWP Group teamed up with Capitaleverything from art installations to designer car boot Shopping Centres and Reveal magazine forsales. Temporary – or pop-up – features have become its ‘Little Black Dress’ campaign across 10ubiquitous within shopping centres, with companies centres, whereby shoppers sign up for a freesuch as L’Imprimerie creating monthly party events, 30 minute styling session, using a choice ofwhile retailers like Uniqlo with its outdoor roller rink high street fashion retailers, supported by How do you see it?and Dolce & Gabbana, with its in-store dress me up promotional activity. Share your view and join inexhibition continue to exceed customer expectations. Iconic Berlin department store KaDeWe the discussion! reserves a space within the front of its store What opportunities do you have purely as an event and temporary exhibit to bring together culture and area. In September it introduced an enclosed commercial promotion? area dedicated to the History of Hermes Will more be demanded of public through textile collections and artwork. realm space as retail and leisure L’Imprimerie is a footwear exhibition and retail continue to merge? space in Paris which renews the goods it sells each month. When the permanent pop-up Post your answer store offers a new collection, the boutique is 4here relaunched with a party and exhibition. 4More links on trendwatching*Source: trendwatching.com a London-based, independent trend firm, scans the globe for the most promising consumer trends, insightsand related hands-on business ideas. Its free monthly Trend Briefings get sent to more than 160,000 business professionals in 180+ countries.”
  5. Vision by Follow us onevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-upGuest view: What do cultural elements bring to a retail out strategy which complements the vision forLaure Colliex, associate environment? the centre and which is translated confidently.director, head of strategy, Cultural elements are certainly nothing new It is something which the centres must be veryLord Culture in retail, you can travel back to the original serious about if they want to do it properly and souks to see them combined. The public for it to complement the values of the location. space within malls has become increasingly important and bringing in cultural elements Can the benefit be measured and how do fit with the mixed use of many environ- you calculate payback? ments, helping the shopping centre to inte- Some benefits can be measured and some grate with the city and to create a are more difficult. Obviously retail traffic and momentum for the mall, increasing the en- the news-value generated by an event can joyment and dwell of the people who visit. be accurately valued. But some of the bene- fits are more qualitative - considering the What works best, a permanent and all- brands that are attracted and the appeal of a embracing theme or specific, targeted cul- changing space which brings in visitors. The tural events? key of course is to turn visitors into custo- This is a very interesting issue. Much of it de- mers, who perhaps do not come for the pends on the challenges of the centre itself: is shopping but end up spending money in the a mall trying to build loyalty, create a more at- stores and restaurants. From our research tractive image, or increase visitors or meet a we see that those shopping centres that em- client need? What is important is not simply to brace cultural activities are generally able to @Lordculture have one plan but rather a very carefully worked boost their image and increase their rents.The developer view: What do cultural elements bring to a retail both in terms of suitability, something whichRebecca Cardozo, venue environment? can connect with the retailers, and in termsdirector, Bluewater We feel that many of our visitors see Blue- of practicality – so for example car parking is water as an experience and as a town centre organised so that the event does not get in in its own right and so adding cultural and the way of those there to shop. commercial events to that brings more to the destination. We look at our venue as bringing Can the benefit be measured and how do events to people, rather than people to you calculate payback? events, which is in many ways the opposite Obviously deciding to add an events venue of the usual way of operating a shopping to an existing site is a decision that is about centre. But if you consider your site as more more than value per square metre and I think than simply shopping, then widening the lei- as operators you have to look beyond that, to sure offer is an obvious extension. what it can bring the centre overall. In our What works best, a permanent and all- case we felt from our research that there embracing theme or specific, targeted cul- was a desire from our local catchment of tural events? Kent to attend things which perhaps they I think what really matters is whether the wouldn’t want to travel all the way into Lon- events bring something to the mall. You can don for. The important thing is that those at- fill an events space with anything but that’s tending the events can then use the not the point, any event you hold has to fit restaurants, or go shopping, which brings ad- @Bexcardozo with the activities of the mall. That means vantages to the retail tenants.
  6. Vision by Follow us onevery 2 months: 1 consumer trend briefing • 4 retail real estate player’s viewpoints • online follow-upThe brand view: What do cultural elements bring to a retail place. That might be through permanent des- environment? ign or themes within the centre, or throughIbrahim Ibrahim, managing There has been a coming together of culture more transient promotions and special cultu-director, Portland and retail. Look at the big attendance rises at ral endeavours. art galleries and museums. Look at the ‘stuf- fication’ of consumers who have enough ma- Can the benefit be measured and how do terial things and are looking for something you calculate payback? deeper, especially in the current economic First of all we have to accept that shopping climate. And then consider how brands and centres are more than commercial spaces retailers are beginning to build stories about but need to be connected to the community. themselves and about the authenticity of That gives the mall operator a ‘duty of care’ their back stories and of elements such as for visitors who it should treat as citizens first, craftsmanship, which very much comes to- consumers second. That approach makes gether with culture. what benefits the visitors and the retailers ea- sier to understand. Footfall is of course a way What works best, a permanent and all- of measuring success, as is bringing the re- embracing theme or specific, targeted cul- tailers into the promotion. Some cultural tural events? events might not apply to every retailer but There is no doubt that consumers are tired broader themes, such as Italy for example, @PortlandDesign of clone malls – the days of hermetically-sea- could be applied pretty much across a shop- led, spaceship malls being dropped onto a ping centre. These are the sorts of issues mall site are surely over - and cultural elements managers will need to spend increasing are a great way of creating that sense of amounts of time considering.Cultural themes in Investing in ‘event space’ can say a lot about nema, we have a boutique bowling opera-retail: The investment the positioning of a project, whether that be tion and we will have a fabulous casino wi- the prime, front-of-store space given over thin the shopping centre. ”argument by Berlin department store KaDeWe for a Its importance is echoed by Richard Akers,Mark Faithfull, editor, Retail rolling programme of special events and managing director of retail at Land Securities,Property Analyst exhibits – to which CEO Andrew Jennings who describes cultural activities alongside re- told me recently that he remains “absolu- tail as “increasingly significant” and empha- tely committed” - or the creation of a stan- sises that “footfall drivers” are now key to any dalone space such as the upcoming Glow project, existing or in development. Bluewater venue by Lend Lease in the UK, Technology is also helping to leverage space. opening with a consumer exhibition at the Chris Warren, partner, retail services at end of this month. Cushman & Wakefield, points to the evolu- At Europe’s biggest mall opening of the tion of cinema: “The US studios will stop pro- year, Westfield Stratford City, London a big ducing 35mm film by the end of 2013, slice of space has been given over to non- switching to digital, and consequently multiplex retail activity aimed at driving footfall throu- cinemas will be able to fit into smaller spaces. ghout the day and night. Bill Giouroukos, This means they could go within shopping cen- director of operations, Westfield UK, tres, for example replacing old food courts, and stresses: “We have a state-of-the-art ci- could drive footfall to quieter areas. ” @markfaithfull1
  7. Learn more about MAPIC Today’s intelligence for tomorrow’s business is a new initiative by MAPIC, The international market for retail real estate 16 – 18 November 2011, Palais des Festivals, Cannes, France. Vision Pavilion Every 2 months, MORE+ Vision will pitch a new trend that influences retail property strategy. MORE+ Vision is a multi- channel service composed of: • A general trend briefing, including a background on the trend, facts & figures, useful links, exclusive interviews with retail real estate professionals • An open and animated dialogue on MAPIC web platformsMAPIC ® is a registered trademark of Reed MIDEM - All rights reserved - Reed MIDEM, a member of Reed Exhibitions, © 2011 For regular upades, questions, comments … Join us on Sep. Jan. MORE Pavilion is a special MAPIC exhibition area, 2011 2012 grandstanding four key trends for 2012: future retail, culture Previous MORE+ Vision: Next MORE+ Vision: + shopping, hybrid store 2.0 and Slow commerce & Why retail must reach out Main 2012 retail real estate community. The pavilion will mix with an exhibition of new to Citysumers? trends retailing concepts and innovative technologies. It will also spotlight the nature of tomorrow’s shops and stores in a Register here Read it here if you wish to be notified demonstration area developed by the Lille retail industries cluster (PICOM) called ‘The New Shopping Experience’. Contacts Credits Contributors: Mark Faithfull • Joanne Archibald • Jean-Marc André Any questions on MORE+ Vision, Acknowledgement: MORE+ Vision wishes to thank the interviewees for their kind participation please contact Editor: jean-marc.andre@reedmidem.com Design: Frédéric Beauseigneur Want to advertise in MORE+ Vision, Source: “trendwatching.com, a London-based, independent trend firm, scans the globe for the most promising consumer trends, insights and related hands-on business ideas. Its free monthly Trend Brie- please contact iris.terre@reedmidem.com fings get sent to more than 160,000 business professionals in 180+ countries.”

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