Virtual High Street: An Eye On The Future
Currently it would seem that each new day brings more bad news about retailers and F&B operators going bust or using CVAs to shake up their estate with consequent store closures
If you believe the doom and gloom of growing online spend, falling footfall, impact of Brexit, increasing business rates and rising employment costs, you would be justifiably concerned about the operators in your scheme. How robust are they? Are they agile enough to respond to the ever-changing retail market? Sometimes it might even look like you’ll soon have no tenants in your scheme at all!
Do you need help to understand the future? How can you know if your tenants are financially viable? Pragma’s newest tool gives us the means to help you.
Today, we are launching the Virtual High Street. Using our knowledge of retailer performance and in-depth understanding of company accounts, we can assess the impact of the changing economic environment and shopper behaviour to give you early warning of how this affects your centre. More importantly we can identify which retailers have business models robust enough to cope with the current economic pressures.
As an introduction, we are looking at the impact of declining footfall on sales, increase in business rates and rising labour costs and how that translates across market sectors.
You can view our generic Virtual High Street report on the impact of changing footfall.