Retail
Retail is an important facilities. Not only for the economy, but also for the health of towns and cities on every continent. In Nepal, retail businesses contribute to 14.37 percent of Nepal’s GDP according to Nepal Economic Forum. However, going to physical shop is no longer the only way to acquire the things we want. The growth of online shopping has already transformed the world’s largest retail market, and will continue to do so, but commercial centers still have a vital role to play as we move towards an “Experience Economy”.
The Changing Face of Retail
When today’s customers visit shopping centers, they are looking for experiences that go well beyond traditional retail. The convenience of online shopping is leading malls to move towards a new kind of leisure proposition.
Shopping Centers are becoming places where people go for a day out combining shopping with leisure, so they want more places to eat, drink and socialize. As a result, the percentage of food and beverage outlets is increasing. This new use of space means that structures and building services need to be adapted.
Shopping malls also need to offer constant novelty through changing mix of brands, food stops and organizing different events. This means that another defining characteristics of future shopping destinations will be their flexibility. Spaces will have to be adaptable to a multitude of uses. Public spaces between retail outlets are just as important, as they can bring more footfall to retailers.
Retailers must also embrace the experience economy. In addition to selling their goods in store, they need to reinforce their brand and showcase their products to enhance their online sales.
Expertise Across the Full Project Cycle
We deliver award-winning retail projects across the world, responding to the needs of investors, developers, retail clients and their customers. We focus on our clients’ commercial and business requirements, helping to create inspirational and innovative environments to attract customers and encourage them to make our client’s shopping venue their first choice.
Our services span the full project life cycle, from preliminary concept and master planning to design, implementation and aftercare. We are experts in the asset management of existing malls, food stores and retail parks. Through our property services, we deliver high-quality, high-performance environments that prioritize comfort, safety, and energy and resource efficiency. Through our transport expertise we ensure that the car park design and access enhance the arrivals experience.
Footfall Analysis for Decision Making
We help developers optimize their portfolios, by advising on footfall, rental values, energy-saving strategies, and developing maintenance contracts.
The traditional rental model for shopping centres was based on turnover, but today’s customers are more likely to browse before taking advantage of competitive prices online. Even though volumes of people might be going up, revenues in shops are falling.
To help developers understand how people move around their shopping centres, we have developed a model to study footfall. We help developers to decide what they need to do to get the right footfall in the right places. Through big data analysis it is possible to assign a value to the time spent by customers in the mall or in a single store and, from that value, calculate the rent of a commercial property. Ultimately, good design is all about how to get maximum footfall in maximum areas to allow the retailers to maximize their potential and our clients to maximize rent.
This real-life occupancy data also helps us to design better buildings for our clients. For example, we can use the data to decide that, since the occupancy peaks of a shopping mall in a hot climate are not occurring at the hottest part of the day, an expensive high-capacity chiller would not be required.
Energy-Efficient Solutions for Retail
Retail spaces consume a lot of energy and with climate change challenges and new energy regulations coming in, developers are re-evaluating their portfolios. Our environmental, building services and utilities teams work closely together to ensure that existing shopping center’s are meeting the standards as well as making important energy savings.
Creating Retail Destinations
Our experience designing mixed use retail-led urban regeneration developments tell us that retail destinations are place for the community to come together. Customer experience is the key to ensuring people stay longer and return time after time.
A major part of the shopping experience is easy access. This relates to the amount of traffic, ease of car parking, ease of getting in and out, public transport options and the ‘feel’ of the space.
Our traffic and transport services help to make schemes accessible to the communities they serve, as well as support planning approvals. We also provide infrastructure design to support efficient car parking, freight and service yard logistics and local road improvements, coupled with the utilities services necessary to support our client’s retail scheme.
Adding Value to the Bottom Line
Our experience in retail gives us unique and in-depth understanding of the intricate nature of each project. Whether a project includes an individual store or a new shopping mall, the refurbishment of a supermarket chain or an entire retail-led urban regeneration scheme, we help our clients to satisfy their customers and add value to their bottom line.