at centre:mk, we believe moments consumer …
TRANSCRIPT
AT C E N T R E: M K, W E B E L I E V E M O M E N T S S H O U L D B E S AV O U R E D, T H AT’ S W H Y W E F O C U S O N C R E AT I N G T H E B E S T C O N S U M E R E X P E R I E N C E S T O E X C I T E, F E E L A N D U LT I M AT E LY R E M E M B E R.
I T’ S A P L A C E T O B E B O L D, C O N F I D E N T A N D T O D O Y O U R T H I N G
AVERAGE SPEND PER VISIT COMPARED TO A SHOPPER
DIMENSIONS BENCHMARK OF £138 (SOURCE: CACI 2018)
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centre:mk hosts a myriad of events throughout the year. From fashion catwalks, pop-up festival makeover tents to car shows, art exhibitions and hosting the Milton Keynes International Festival, there is an experience for everyone.
22MILLION ANNUAL FOOTFALL
170DAYS OF EVENTS DELIVERED
133MINUTES DWELL TIME, SIGNIFICANTLY LONGER THAN THE AVERAGE OF 123 MINUTES
H AV I N G I N V E S T E D O V E R £50 M I L L I O N I N T H E L A S T T H R E E Y E A R S, C E N T R E: M K I S A D E S T I N AT I O N D O M I N AT I N G I T S C AT C H M E N T
“centre:mk is a longstanding, top-performing location for River Island and increasing our presence is a key step in our ongoing growth.”Josie Cartridge, Customer Director at River Island
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“The new investment will mean we can welcome more customers; both our loyal regulars and new faces.”
Paul May, CEO at Patisserie Holding
“We are joining a fantastic line-up of brands at centre:mk that provide visitors with everything they need.”
A spokesperson at Primark
“We love Milton Keynes and are thrilled to bring our curated fashion and homeware collections to centre:mk, the leading retail and leisure destination in the region. New designs will land in our store each week and we look forward to being part of the community for years to come.” A spokesperson at Oliver Bonas
£10MILLION INVESTMENT IN SUNSET WALK
3.7MILLION INVESTMENT BY BRANDS IN THEIR STORES
£30MILLION INVESTMENT IN NEW CAR PARK
“The Electric Vehicle Experience Centre in centre:mk is the first of its kind in the country and we will pave the way for other cities to follow in its footsteps.”David Martell, CEO at Chargemaster
Sunset Walk
WITH 15 LAKES AND 11 MILES OF CANALS, MILTON KEYNES HAS MORE SHORELINE THAN JERSEY AND MORE BRIDGES THAN VENICE.
MILTON KEYNES COVERS 119 SQUARE MILES, 40% OF WHICH IS GREEN SPACE, WITH 22 MILLION TREES
M I LT O N K E Y N E S I S A FA N TA S T I C P L A C E T O L I V E, W O R K A N D P L AY F O R T H E W H O L E FA M I LY
SKI OR SNOWBOARD ON REAL SNOW AT SNOZONE
MILTON KEYNES THEATRE IS ONE OF THE REGION’S LEADING LIVE VENUES, SHOWCASING THE BEST WEST END AND TOURING PRODUCTIONS
Peterborough
Cambridge
Stevenage
St. Albans
Luton
Bedford
Northampton
KetteringRugby
CoventryBirmingham
Oxford
M40
M1
M6
M1
A1
M25
CENTRE:MK IS THE DOMINANT DESTINATION IN THE REGION
15% SHARE OF THE TOTAL CATCHMENT
63% MARKET SHARE OF THE CORE CATCHMENT
WITHIN A 35-MINUTE DRIVE YOU WILL FIND WOBURN SAFARI PARK, SILVERSTONE CIRCUIT AND KNEBWORTH HOUSE
780INTERNATIONAL BUSINESSES IN MK
Primary Secondary
Tertiary Quaternary
CATCHMENTS
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A S P E C I A L LY- C O M M I S S I O N E D R E S E A R C H R E P O R T B Y T H E F U T U R E L A B O R AT O R Y H A S I D E N T I F I E D C O N S U M E R T R E N D S T H AT W I L L H AV E A S I G N I F I C A N T I M PA C T O N T H E F U T U R E O F R E TA I L A N D L E I S U R E D E S T I N AT I O N S
The Future Shopper Report was commissioned by Hermes Investment Management and AustralianSuper, the co-owners of centre:mk, and researched and written by globally-renowned The Future Laboratory.
BY 2025, THERE WILL BE A NEW BREED OF CONSUMER. THEIR BEHAVIOUR WILL BE LED BY THREE TRENDS THAT OFFER RETAIL DESTINATIONS AN EXCITING OPPORTUNITY:
C O M M U N I T Y B U I L D E R SConsumers will go to malls in search of communal experiences where the purchasing of products goes hand-in-hand with social interactions to drive loyalty to retail destinations. Stores will become hubs of activity, with ‘rewards’ such as exclusive products, immersive experiences that enhance brand awareness, or lifestyle services which aim to provide simple solutions for busy modern lifestyles. According to the report 75% of Generation Z consumers prefer stores that provide a memorable offer, and 50% of 20-year-olds search for enhanced retail experiences.
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H E R O H U N T E R SFuture shoppers will place increasing emphasis on brands’ ethical behaviours. Last year, the Edelman Trust Barometer identified that 56% of consumers already regard ethical and open business practices as important in building belief in a brand. According to The Future Shopper report, this belief is set to grow substantially, and will shape the retailers, destinations and activities that the future shopper will wish to engage with. They will seek out localised, community-oriented spaces that give back, or brands that specifically employ and support people from local areas.
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S E R V I C E S Y N E R G I S T SThe third trend focuses on service, and the changing way it is perceived and valued by consumers. Shoppers will expect staff to be knowledgeable and enthusiastic collaborators in their purchasing experience. As The Future Shopper report highlights, 78% of shoppers regard sales staff with a detailed product knowledge and confidence with in-store technology as key in driving brand loyalty.
This will mean employing emotionally intelligent, highly motivated, well paid ‘brand fans’ – individuals that are knowledgeable about the brands, stores and experiences available in a destination such as centre:mk.
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“At centre:mk, we are embracing how consumers are changing and are adapting our own offering to ensure we remain relevant and compelling. Consequently, we are investing to enhance the experience we provide and the service our retailers offer through employee investment, ensuring that consumer expectations are consistently met and surpassed.”Ed Sellick, Director - Asset Management at Hermes Investment Management
THE INITIATIVES INCLUDE:
3. IMPLEMENTING COMPREHENSIVE WORLD-CLASS CUSTOMER SERVICE TRAINING ACROSS THE CENTRE:MK TEAM
1. INVESTING OVER £50 MILLION IN CENTRE:MK’S OFFER, ENVIRONMENT AND EXPERIENCE
2. CREATING SUNSET WALK, A PREMIUM SHOPPING DESTINATION WITHIN CENTRE:MK
5. BUILDING A NEW MULTI-STOREY CAR PARK ADJACENT TO JOHN LEWIS
4. DELIVERING A BRAND NEW GUEST SERVICES FACILITY ON DEER WALK
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David Justice 020 3130 4653 David Hobbs 020 3130 4655
Alex Peck 020 3130 4657
Olivia O’Neill 020 3130 4667
Tony Devlin 020 7182 2224
Tony Carroll 020 7182 2293
David Muslin 020 7182 2524
Kate Bevin 020 7182 2852
Charlie Ready 020 7182 2127
Neva Craven 020 3257 6172
Retail Retail
Restaurants and Leisure
Restaurants and Leisure
W W W. C E N T R E M K. C O M
TOP 10 DESTINATION IN THE UK
6TH MOST AFFLUENT CATCHMENT IN THE UK
CATCHMENT OF 3M PEOPLE WITH £7BN SPEND
AT A GLANCE: CENTRE:MK
22MILLION ANNUAL FOOTFALL
2,135BUSINESS START-UPS
£238RETAIL SPEND PER VISIT
KEY HQ OFFICES: MERCEDES-BENZ, HOME RETAIL GROUP, SUZUKI, DOMINO’S, NETWORK RAIL, SANTANDER AND RED BULL RACING
POPULATION PROJECTED TO REACH 307,923 BY 2030
AT A GLANCE: MILTON KEYNES
111,813HOUSES
266,000POPULATION
12,530 183,000
Victoria Broadhead 020 3551 5610 Sophie Moorcroft 020 3551 5609
BUSINESSES EMPLOYEES