Retail Development Birmingham Flashcards
Competition
Weak local competition
Leicester = largest competing centre
- ‘Shires’ shopping centre extended 2008 (responding to competition)
Wolverhampton offers limited competition
- evidence of struggle
Positively affected
BULLRING
Anchored by Debenhams/Selfridges with Apple/Topshop etc
5000 jobs
£63.6million total wages
£6.9million income tax to central government
High footfall - 184/min
Positively affected
GRAND CENTRAL
Redevelopment 2015
£100million
Used by 140,000/day
4 storey John Lewis = 100+ new jobs
Positively affected
EASTSIDE
One of largest urban regeneration projects UK
Historically seen outside of centre = boosts profile
Martineau Gallery, new City Park, canal work
Learning quarter with Matthew Boulton college
Positively affected
HIGH STREET AND NEW STREET
Benefitted from increased footfall
Anchored by M&S/Boots
Christmas = German market
Positively affected
MILLENIUM POINT
Started summer 2002
Lottery grant £50million
Think Tank
IMAX theatre
Hub; social centre with shops/cafes/offices/mall
Negatively affected -
CORPORATION STREET AND PRIORY SQUARE
Further away = decreased footfall
Corporation street recently refurbished House of Fraser to compete but high/long term vacancy rates
Priory square - poor shopping environment
Negatively affected -
THE MAILBOX
Anchored by Harvey Nichols = high end retail
Some retailers found difficult to trade here (not met threshold) = moved out e.g. Rock Coutur
2015 £50million investment - roof to compete
LEISURE SUCCESSFUL e.g. High end cinema experience
Further from Bullring = loss of business/retail
Negatively affected -
INDEPENDENT RETAILERS
NEF 2005 “clone town”
High rent + lack of space
Bullring currently acts as barrier to independent retailers
Negatively affected -
OLD BIRMINGHAM MARKETS
Suffered during construction but new ‘indoor’ just South of Bullring = 235 trading units
Cost
£1.5 billion redevelopment
