Retail Development Birmingham Flashcards

1
Q

Competition

A

Weak local competition

Leicester = largest competing centre
- ‘Shires’ shopping centre extended 2008 (responding to competition)

Wolverhampton offers limited competition
- evidence of struggle

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2
Q

Positively affected

BULLRING

A

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

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3
Q

Positively affected

GRAND CENTRAL

A

Redevelopment 2015

£100million

Used by 140,000/day

4 storey John Lewis = 100+ new jobs

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4
Q

Positively affected

EASTSIDE

A

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

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5
Q

Positively affected

HIGH STREET AND NEW STREET

A

Benefitted from increased footfall

Anchored by M&S/Boots

Christmas = German market

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6
Q

Positively affected

MILLENIUM POINT

A

Started summer 2002

Lottery grant £50million

Think Tank

IMAX theatre

Hub; social centre with shops/cafes/offices/mall

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7
Q

Negatively affected -

CORPORATION STREET AND PRIORY SQUARE

A

Further away = decreased footfall

Corporation street recently refurbished House of Fraser to compete but high/long term vacancy rates

Priory square - poor shopping environment

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8
Q

Negatively affected -

THE MAILBOX

A

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

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9
Q

Negatively affected -

INDEPENDENT RETAILERS

A

NEF 2005 “clone town”

High rent + lack of space

Bullring currently acts as barrier to independent retailers

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10
Q

Negatively affected -

OLD BIRMINGHAM MARKETS

A

Suffered during construction but new ‘indoor’ just South of Bullring = 235 trading units

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11
Q

Cost

A

£1.5 billion redevelopment

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