Global and British Retail Trends and their Impacts on Town Centres Steve Gilman OBE My Career • • • • • • • • • 75-76 Bank Clerk, Police Cadet, Barman 76-80 MFI Trainee, Asst, Store, Area Mgr 80-83 Dodge City –B&Q Store Mgr 83-84 Brown Bear Store Mgr 84-96 B&Q Store, District, Regional Mgr 96-98 B&Q Director of Operations UK 98-00 B&Q Director of International Dev 00-05 B&Q International Director 05-08 CEO B&Q Asia/Kingfisher Management Board Member What's changing?- The Speed of Change Amazon reports its first profitable year Mark Zuckerberg starts FaceMash at Harvard which becomes Facebook launches blazes a trail by launching a mobile commerce site First Internet Retailer Conference and Exhibition Google Checkout launches Apple launches iTunes store 2000 2003 2002 Google AdWords Pay Per Click system starts Dotcom Bust The world does NOT collapse due to Y2K bugs 2005 2004 2006 Google acquires YouTube Credit card companies create PCI DSS: Payment Card Industry Data Security Standard PayPal is acquired by eBay Google AdWords surpass $21 billion Apple launches iPhone with full web browsing and downloadable apps, advancing ecommerce Western Union sends final telegraph message, which heralds the demise of the Telegraph machine Blizzard Entertainment launches World of Warcraft, a MMORPG starts social news service Twitter starts enabling microblogging with SMS tweets launches first social commerce application in Facebook Microsoft introduces Bing begins developing social network games Amazon and Overstock.com lose New York online sales tax battle 2007 2009 launches launches 2001 US Broadband Internet users reach 200 million 2008 Amazon launches TextBuyIt to enable SMS product searches, price checks and purchases Magento open source eCommerce release by Varien Google introduces Android, the mobile operating system Groupon offers deal-ofthe-day group buying 2010 bought by Oracle Internet retailers focus on extending social shopping inside social networks, especially Facebook iPad launches iPad 2 ! KEY CONSUMER UNDERSTANDING 1) Consumers have a much wider choice where and how to buy 2) Women and Older Consumers are increasingly important 3) High Streets need to become easier to access and more “Entertaining” 4) Improved Environment in which to shop, e.g. Covered pavements etc 5) Innovative Retailers need to be encouraged into High Streets 6) Customers want Education as well as Shopping Experience WHAT NEEDS TO BE CONSIDERED BY CENTRAL GOVERNMENT 1) “Leveling the Playing Field between E Retailers and Physical Stores 2) Retail Rate levels on High Street and Out of Town Stores 3) Valuing Town Centres contribution to the “Big Society” 4) Simplyfing Planning Permission, whilst maintaining safeguards What Needs to be Considered by Local Government 1) Creating Partnerships between Local Authorities, Retailers and Consumers for what they want from “Their” High Street 2) Embrace Change in Retail Channels and develop Strategy yo include High Street, Out of Town and E Commerce – Free WIFI 3) Make High Streets More Accessible for Customers on Public Transport, Road initiatives and Car parking initiatives 4) Make High Streets more desirable to Shop in, Pedesrianisation and Weather Proof Verandahs etc 5) Develop High Street Plans which incorporate Sustainability for Retail Business and the Environment 6) Market Town Centres to New and Innovative Retailers 7) Develop “Event Lead” Initiatives to encourage High Street usage for All Age Groups but on different days