The 5th edition of the ‘Retail Construction and Refurbishment Market Report UK 2018-2022’ analyses the key issues underpinning the UK retail sector and focuses on the long-term estate strategies and construction and development programmes of the leading retailers in both the grocery and non-food sectors.
The ‘Retail Construction and Refurbishment Market Report – UK 2018-2022’ costs £945+VAT (if applicable) for a PDF version.
£945.00
The 5th edition of the ‘Retail Construction and Refurbishment Market Report – UK 2018-2022’ analyses the key issues underpinning the UK retail sector and focuses on the long-term estate strategies and construction and development programmes of the leading retailers in both the grocery and non-food sectors. The report should be of particular interest to retailers, supply chains and construction professionals in the commercial retail sector.
Alan Nuttall Partnership, Barnwood Shopfitting, Bowmer & Kirkland, Bridgford Interiors, British Land, Caddick, Cardinal Shopfitting, Clegg Construction, Commercial Development Projects, Conamar Construction, CTS (Shopfitting), Ellmer & Chorus, Fit Out UK, Goodman Hichens, Hammerson, Havelock Europa, Harvey Shopfitters, Henry Boot, Intu, ISG, Jessops Construction, Kier, Land Securities, MACE, McLaughlin & Harvey, McLaren Construction, Morris & Spottiswood, Muir Construction, Portview Fit-Out, Powells Group, Railston, RG Group, Readie Construction, Seddon Construction, SFD -UK, Simons Group, Simpson (York), Speller Metcalfe, Styles & Wood, Tolent, Willmott Dixon, Winvic Construction and more.
Over the last 10 years retail construction output has been on an underlying downward trend, firstly because of the recession and subsequently because of pressure on the housing sector and uncertainties surrounding ‘Brexit’. Between 2007 and 2017, contractors output declined from £8.3bn to £6.1bn, and annual growth since 2015 has been static.
At a sub-sector level, fortunes have been mixed with expansion within the discount sector but a reduction in newbuild and output in the supermarket and High Street segments. The race to build large superstores in the grocery sector has now all but ended and larger retailers are being forced to re-evaluate their property portfolios in the face of increased competition from the value and convenience retailers and from online and ‘click and collect’ services. Sub-letting and re-purposing space is being deployed at both existing and new stores, particularly at out-of-town locations
Retail construction, whilst challenging for the contractor and offering slim margins, does offer repeated high volumes of work, especially in the grocery sector. In the discount grocery sector, where expansion programmes have remained relatively strong so far has been an area offering opportunities for contractors, which helped to maintain order books and work pipelines.
The continued trend for many retail projects is now for inclusion within mixed use developments and there has been a significant shift from purely retail-driven outlets to ‘destination’ mixed retail, leisure and family entertainment venues. The extent and speed of the recovery for retail remains heavily dependent upon levels of consumer confidence and spending, which are currently being impacted by the ongoing uncertainty surrounding the Brexit process.
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