1. Co-Chair, the Institute of Place Management #highstreetsfund
Simon Quin
Co-Chair, the Institute of Place Management
#highstreetsfund

2. Visions for multifunctional high streets

3. HSUK 2020 model How much control over a factor
Leadership
Explain the model
How much each factor influences vitality and viability

5. Geared to the future
Focused on multifunctionality

6. The growth of online spending
30.0% %
Growth of online is a key driver of change now
1.6%
2002
2007
2012
2017
2022
2028
CRR 2018/ONS 2018

7. Town centre share of retail expenditure
49.4%
As online has gone up – town centre spend has gone down. If we go back to the late 1970s, town centre expenditure was closer to 75% and then out of town came along. The changes in planning regulations had some impact, certainly stopping further regional malls, but as we know not doing much for other forms of out of town retailing. However, you will see that this recent decline of almost 13% occurs over roughly the period that online has taken an 18% share
Parliament , CRR

8. Multiple retailers in administration
Number of stores
CRR 2019

9. Sharing Personalisation Pop-ups Retail + Experiential Retailtainment
Sharing economy – reused, secondhand - Personalised shopping – the curated economy Experiential retailing
Retailtainment

10. 3D printing – micromanufacturing, in retail stores and in homes expected to be widely adopted by 2030 – producing 5% of consumer products. Make while u wait …. Peronsalised products

11. . Internet of Things – mid 2020s, data collection, personalised experience, 30 connected things each by 2030 – automatic shopping – fridge will automatically replenish itself by ordering products when you run out …. 10% of people will be wearing clothes connected to the internet by gathering of personal data and targeting of products and services

12. AI – merchandising, in store pricing, personalisation – not just online but also instore

13. Retail Robotics – operational efficiency, faster transactions, 24 hour operation

14. Changing consumer behaviour

15. Footfall: The perceived wisdom
Over 1/5 of annual footfall – run up to Christmas + assumed all centres have the same pattern – the only thing that differentiates one centre from another is volume ….

16. Comparison signature (20% in 2018) Holiday signature (9% in 2018)
Speciality signature (31% in 2018)
Multifunctional signature (40% in 2018)

17. Over 85s +100%
Over 65s +35%
Population is changing as well and across the 25 year period ONS uses this will have a real impact.
Responses – dementia friendly cities
ONS 2017

18. Department of Transport – with almost 33m more licence holders than ever – however – all age categories below 40 shrinking compared to early 1990s – whereas drivers older than 70 have nearly doubled. Generational gap. Younger people less likely to hold a licence + licence holder

19. Transport and access
However, requires new infrastructure and new street clutter …..

20. Transport and access
Autonomous vehicles – commercial production 2019, 1 million sold in 2025, 50% of all vehicles will be highly autonomous by million by
Parking implications – new study by University of Toronto says car park capacity can increase 62% with autonomous vehicles.
Vehciles might not even need parking – dropping off their owners in town before driving themselves home?

21. Transport and access
1 in 10 cars sold in 2030 will be shared vehicles. Reductions in car drivers. University of Oxford and Bristol Number of young people with driving licences is down 40% on the early 1990s. Car trips for young adults are down 36% this decade compared to the 1990s. Whim – Helsinki. Mobility as a Service – integrated service charge for all forms of transport – available via an app. Cities banning cars.

22. A desire for non-retail things
Health
Fitness
Leisure
Entertainment
Housing
Eating
Culture
A desire for non-retail things

24. place-based and ‘porous’