Vacancy rates at retail parks are at their lowest level in years, as the discounters rapidly snap up space.
Albany, NY -- (SBWIRE) -- 07/18/2017 -- The increasing discount ally at online space has rapidly lowered the vacancy rates at the retail parks. However, the young customers have been recently showing a notable rise for shopping at the major centers over the last year, reflecting a major shift to inner city living. This arouses a question that whether the discounters will come to regret their rush for online space. To resolve and present a precise market scenario, Market Research Hub (MRH) has recently added a detailed study titled as "Shopping Locations - UK- June 2017" to its vast report repository.
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The research analysis commences with the market summary followed by the consumer evaluation. The market shows various factors such as the post-Brexit consumer sentiment, leisure spending is above retail spending, shift in living and working situations and trending online culture. Further, the consumer analysis related to shopping location shows that there is growth in the online pattern rather than visiting shopping locations. Also, it has been reported that, one on five customer travel over two hours to an outlet village. Furthermore, the study enlightens about the factor that encourages shoppers to select shopping location, which is an excellent data for the readers.
The next section introduces the various issues and insights of the market along with the market and market drivers. The report also segments the shopping location by various parameters. This report presents the main segregation by type of retailer and location; the prime segments include Online, Sector by Sector, Food retailers, Clothing and footwear retailers, Home retailers, Mixed Goods, Health & Beauty and Non-store retailers. Further, the various innovations and launch activity are also discussed that includes 'Smart Street', 'Digital high streets', Thai shopping center, wellness-related pop-up, rotating pop-up stores, the UK's first full-price and outlet hybrid scheme, Hackney walk hosts workshop series and Transit-oriented shopping destinations.
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Lastly, the U.K. consumer preference is evaluated for the shopping location trend analysis. The trend reveals that more young people are shopping in the city, the count of online shoppers has increased, majority of the population drive to shopping locations and shoppers are seeking a differentiated product offering. Moreover, there is an equal split between fast and slow shoppers. The various shopping locations are also listed that includes city centers, online shopping, retail parks and local high streets. Finally, the report concludes with factors to encourage shopping center visits and the detailed associations with different location type
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