For the second year running, the High Street Retail Pavilion is welcoming the players involved with territories and/or specialists in town-centre retail. Some towns are livening up their centres and adding colour to incite new shops to bring business back to the streets. The High Street space will house the most prestigious shops with an ambiance and setting tailored to their markets.
Our Ambassadeur’s vision :
Thierry FOUREZ – VASTNED
- Media references
- Business Immo
- La Lettre M2
- CF News
- Across Magazine
- 3 words and one number to define retail real estate
–> 5.3 billion euros (total amount invested in France in commercial real estate in 2019)
- How does the sector you represent as an Ambassador meet Siec 2020’s main theme “Working together for the retail sector”?
The retail sector is undergoing radical changes. Retailers have to integrate new technological and logistics solutions that are shaking up their business models. Consumers are more demanding, as they have become accustomed to the “instantaneousness” of the internet. This has a direct impact on retail centres – some have grown weak, some have died, and some are gaining strength. The share of online sales regularly increases… With all these changes taking place, we have to work towards safeguarding and strengthening physical commerce – it will survive, but it will always be undergoing change.
- How do you see your sector in 10 years’ time?
Most of the leading retailers will have completely integrated online sales into their business model. The DNVB (Digital Native Vertical Brands) that are emerging in 2020 will have set up a representative network of shops in France. 50% of tomorrow’s successful brands do not even exist today. Business leasing regulations will have become more flexible. The idea of Right to Renewal will no longer exist. Data will be everywhere. Out-of-town shopping centres will have been turned into mixed use areas, with a significant environmental dimension. Large city centres will have become greener and more pedestrian-friendly. Diesel and petrol vehicles will be banned from the centres of cities like Paris, Lyon, Bordeaux, Toulouse, Lille, etc.
The retail sector is undergoing radical changes. Retailers have to integrate new technological and logistics solutions that are shaking up their business models.