A presentation on the concept of "Experience Retail" - destinations which are places which are a mix of retail, leisure,food and beverage, entertainment, culture, and sports facilities and services.
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The Power of Experience Retail as a Tourist Attractor
1. The Power of Experience Retail
as a Tourist Attractor
How well-planned and innovative retail development can help places
become more successful tourist destinations
For more information visit www.placematters.co
2. The power of experience retail
as a tourist attractor?
Structure of Presentation
1. What is “experience retail”?
2. The relevance of experience retail
3. Case Studies:
• London’s West End
• Milan
• Dubai
4. Lessons for application to tourism development
3. Experience Retail
A concept relevant to existing and
new tourist destinations
4. What is “experience retail”?
Experience retail is shopping-led entertainment
• Reflecting shopping now being more of a leisure activity…
• More about fun and entertaining experiences…
• To be combined with other leisure/recreation activities…
• Conveniently found in one place, attractive and accessible
• Responding to increasing consumer time pressures and
demands
• Responding to tourist needs and wants
• Helping to make more places destinations of choice
5. ER places are destinations with a mix of attractors
and experiences driving footfall & spend
A mix of activity attractors + retail attractors = increased and
sustained footfall
It’s recognising shopping as a form of entertainment
With a complementary mix of attractors and lifestyle experiences
With a day and evening offer
Where people want to stay over to experience the full offer
With a constantly evolving offer to keep them coming back
6. ER destinations have an…..
Innovative mix of attractors and uses
The mix of shops
Food and beverage mix
Leisure and entertainment mix
Culture and heritage mix
Hotels and accommodation
Offices and Residential
Parking and transport
7. ER destinations have….
An innovative mix of attractors to increase footfall, dwell time and spend
International brands plus independent/authentic/local retailers
Specialist cinemas
Leisure and sports facilities
Museums and Exhibitions
Art Galleries
Concert Halls
Performance spaces in the public realm
8. The offer in ER destinations includes events to attract
footfall:
Art demonstrations and creation
Dance events – in store and in public realm
Fashion shows
Activities like cooking school demonstrations related to
restaurants
Music theatre and dance
Cultural events
9. The service in ER destinations has to be great
Connecting online to welcoming the person before arrival
Collecting deep knowledge about customers
Employing staff who truly know their products & services
Creating merchandising schools and training courses
Providing value added services; e.g.
-Child care
-Valet parking, fashion advisers, interior designers
- Purchase collection
10. Marketing ER destinations is all about the experience
Sense Marketing – create sensory experiences - sight, sound, taste,
smell & aesthetic pleasure Identification of development mix
Feel Marketing – to positively affect, stimulate and bond
Think Marketing – to surprise, intrigue and provoke
Act Marketing – to alter lifestyle, new interactions
Relate Marketing – to take beyond current reality and experiences
and create new associations
11. The relevance of experience retail
destinations to tourism development
Complements and expands the menu of attractions
Helps to attract, increase and maintain footfall
Increases overall spend
Improves viability of places as destinations
Increases attractiveness of places as destinations
Helps to distinguish places as destinations
Expands the market for destinations
12. Experience retail destinations
Case Studies
Milan – An unplanned – naturally
evolving - retail and cultural
destination that is a
tourist magnet
London’s West End – An
unplanned retail and
entertainment destination being
planned anew as a tourist magnet
Dubai – A more planned retail
destination
13. Case Study – The “Quadrilatero” Milan Fashion District
Adjacent to the historic centre with its Duomo and La Scala Milan
Centre’d on Via Montenapoleone close to historic centre
A concentration of world class fashion brands, many based there
Complemented by specialist and authentic local shops
Balanced by a sophisticated and local F&B offer
With art galleries and classical gardens
In an environment of neo classical residences and fine architecture
A place to live and create as well as shop and visit
18. Case Study – Milan – Key Characteristics
Well designed shop fronts that respect building heritage
A place to live and work as well as enjoy, shop and visit
A place that’s vibrant and alive with residents and workers
A good mix of retail, F&B, cultural, artistic and heritage attractors
A place that feels local, authentic and international
A complement to the historic core that expands its market
19. Case Study – London’s “New” West End
Focused on Regent St, Oxford St and Bond St in central London
Premier retail offer adjacent to major tourist attractions
In 2008 25% of 200 million visitors were tourists
2008 - “New West End Company” (PPP) created to improve the offer
Short term objective to capture Olympic spend in 2012
Medium term objective to capture more domestic and tourist spend
Longer term objective to help maintain London as a major destination
2009 – Locum Consulting appointed to create strategy for improvement
26. London’s West End ER offer – key
challenges
Bringing retailers together to agree and fund a
development strategy
Create a more distinctive sense of place
Moving major retailers and attractors around the
area to create distinctive offer areas
Achieving a mix of international and national
brands
Balancing big brands with authentic local shops
Capitalising on Bond Street
Upgrading the tourist F&B offer
Improving and extending the public realm
Introducing more cultural and entertainment
attractors
Creating integrated shopping, culture, heritage and
entertainment offers
Retaining local independent food and beverage
28. London’s “New” West End – Strategic Proposals
Create international retail “flagship” areas with distinctive mixes
Sub divide flagship areas into distinctive offer destinations
Renew and improve the quality of street furniture
Remove the “red wall” of buses on Oxford Street
Increase pavement restaurant space and the quality of the F&B offer
Create piazza style civic spaces with attractor events
Improve architecture and create recognisable gateways to the area
Better communicate the area’s offer and events
29. Case Study – Dubai – City of shops plus entertainment
The new shopping city of the Middle East reducing dependence on oil
as a major source of national wealth
Where retail is the attractor for F&B and entertainment provision
Where shops and entertainment are often all under one roof
Where shopping complements the beach and hotel
Where malls have become a place of congregation (to escape the heat)
Where retail is celebrated in festivals that attract shoppers from the
region and farther afield – food, fashion, jewelry, ice sports
30. Dubai Retail Offer – Eight major malls
Dubai Festival city – 2.8 msqft/600 big brand shops
Deira City Centre – specialist and authentic goods
Burjuman – international designer brands
Madinat Jumeirah – recreated middle east marketplace
Ibn Matuta Mall – six historically themed pavillions
Wafi City – F&B, jewelry, culture, meeting places
Mall of the Emirates – 400 shops and 6 major department stores
Mercato – 90 restaurants, cafes and shops
34. Dubai’s ER offer - Reflections
The architecture is adventurous but the retail offer
has a predictable sameness
Experience attractions (like ski-runs and imitation
souks) are the key differentiators between the malls
Retail acts as an attractor where few others exist
Retail offers a complement to the beach and hotel
Retail brings the offer of London and Milan to the
expat and local citizen alike
An aspirational international outlook market exists
that supports global brands
Dubai is not a model for established cities and tourist
destinations but elements may be relevant for new
tourist resorts; e.g. the recreation of the Souk
and traditional restaurants
35. ER – Key lessons from case studies
Be clear on the brand offer - the experience!
The mix of attractors and experiences is key
Balance international retail brands with local ones
Balance shops with cultural and entertainment
attractors
Integrate and connect attractors within the
destination and to it
Events attract and differentiate the destination
Market the experience not just the provision
Architecture and high quality public realm and
landscaping are important – think about “the finish”
Preserve existing high quality environments
Public/private partnership working is vital
36. Creating ER Destinations – Conclusions
for Tourism Development
Traditional retail by itself is a limited attractor
ER requires a strong mix of attractors
ER requires careful and detailed planning of the mix
ER requires close working with retailers and operators
of attractions – realising the mix of the offer
Integrated operations are essential e.g. opening hours
Integrated marketing is essential - shop/see/play/stay
Good public transport access is important
Good signage and telecommunications are important
ER changes the nature of a destination
ER expands the market of a destination
ER can make a destination more viable
37. More Information
Our Team
For consultancy advice contact:
Malcolm Allan Malcolm.allan@placematters.co
Phone: +44 1342 829 012
Mobile: +44 7803 356 310
Twitter: @MalkyAllan
Blog: Malcolmallan-placebrander.blogspot.co.uk