{"id":20561,"date":"2018-07-05T09:00:28","date_gmt":"2018-07-05T16:00:28","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=20561"},"modified":"2020-12-25T01:09:20","modified_gmt":"2020-12-25T09:09:20","slug":"great-expectations","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/great-expectations\/","title":{"rendered":"Great Expectations"},"content":{"rendered":"<p>LONDON &#8211; The evolution of the retail store in the face of growing online sales has been much written about, but shopping centres also can\u2019t afford to be left behind in the age <img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-20562\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/07\/RWCONN63_LANDING_YARDI1.jpg\" alt=\"\" width=\"439\" height=\"275\" \/>of ecommerce and changing technologies.<\/p>\n<p>This <a href=\"https:\/\/download.retail-week-connect.com\/landing\/yardi-malls-great-expectations?ref=Yardi\" target=\"_blank\" rel=\"noopener\">Retail Week report<\/a> \u2013 produced in association with Yardi \u2013 explores how retailers view shopping centres and ways that centres can create an environment in which retail doors not only remain open, but thrive in a digital era.<\/p>\n<p>Based on interviews with 50 retail directors responsible for store portfolios \u2013 each representing a company with a turnover of between \u00a350m and \u00a310bn \u2013 the report finds strong similarities in what retailers want from shopping centres, and reflects changing shopper habits.<\/p>\n<p>Key themes are explored around how shopping centres can better support retailers, including expectations about infrastructure for technology and data, as well as how they can attract new entrants. The right mix between retail, leisure and dining is a fundamental attraction, while providing wi-fi is a prerequisite for retailers setting up shop in malls, which has both customer-facing and operational benefits.<\/p>\n<p>The future opportunities for shopping centres to enhance their performance, while diverse, are all underpinned by robust data. Decisions are increasingly data-led, and while current platforms \u2013 typically management software and spreadsheets \u2013 for data sharing have been well-received by retailers, there\u2019s a strong feeling centre owners could provide more information. In particular, they want detail about footfall, dwell time and average spend, to better understand the local catchment and to adapt store space accordingly.<\/p>\n<p>Common themes for shopping centre investment over the next 12 months, according to our surveyed retailers, include keeping up with new technology, integrating ecommerce and opening new stores \u2013 all of which are elements that new entrants such as brands and etailers are looking to invest in.<\/p>\n<p>Throughout the report, best practice examples are considered that showcase how retailers are grappling with digital change and how centres should innovate. <a href=\"https:\/\/download.retail-week-connect.com\/landing\/yardi-malls-great-expectations?ref=Yardi\" target=\"_blank\" rel=\"noopener\">Download the free report here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON &#8211; The evolution of the retail store in the face of growing online sales has been much written about, but shopping centres also can\u2019t afford to be left behind in the age of ecommerce and changing technologies. This Retail Week report \u2013 produced in association with Yardi \u2013 explores how retailers view shopping centres [&hellip;]<\/p>\n","protected":false},"author":442,"featured_media":20562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[1256,1570,134,85,2469,553,1353,40],"class_list":["post-20561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-england","tag-great-britain","tag-real-estate","tag-retail","tag-retail-real-estate-report","tag-shopping","tag-uk","tag-yardi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"LONDON - The evolution of the retail store in the face of growing online sales has been much written about, but shopping centres also can\u2019t afford to be\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Great Expectations\" \/>\n<meta property=\"og:description\" content=\"LONDON - The evolution of the retail store in the face of growing online sales has been much written about, but shopping centres also can\u2019t afford to be\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/great-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-05T16:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-25T09:09:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/07\/RWCONN63_LANDING_YARDI1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"765\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yardi Blog Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yardi Blog Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/great-expectations\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/great-expectations\/\",\"name\":\"Great Expectations - 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