Reflecting the ever-evolving retail market, MAPIC 2019 will have an increased focus on the transforming power of retail destinations, from shopping spaces to places offering real experiences including food and beverage, leisure, art, culture, entertainment, wellbeing and fashion.
From the theme Retail Remixed: Rethinking Spaces and Places run three main tracks – Reloading the Retail Mix, Blending Use for Lifestyle Destinations and Shopping the World. This makes up a bustling conference programme featuring over 250 retail experts from companies including Ducasse Paris, VIA Outlets, Altarea, MSC Cruises, Galeries Lafayette, Ivanhoe Cambridge, Multi, Neinver, Saguez & Partners and Time Out.
Organised by Reed MIDEM, the International Retail Property Market will be held in Cannes from 13 to 15 November. This year will also feature a dedicated Leisure Day on the day before MAPIC begins; another effort to capture a major trend in the market.
Nathalie Depetro, Director of MAPIC, said: “We are experiencing a seismic shift in retail, where the very definition of the word is being reinvented. As the world’s leading retail real estate event, we are excited to provide a platform for exploring what the new rules of retail are together with key players from the industry all over the world.”
The new retail mix was examined in detail in a recent white paper published by Reed MIDEM. One of the report’s topics was how changes in mobility, for example the shift from cars to bicycles has led to a demand to have work, play and living all in one place. This in turn creates “urban villages”, according to Christian Dubois, Head of Retail Services at Cushman & Wakefield.
Another topic was the advent of so-called channel agnosticism as lines between physical and online commerce get increasingly blurred. According to the white paper, online sales continue to see double-digit growth and global sales are expected to reach €100bn (£90.9bn) this year, with UK customers especially inclined to take their shopping online: 87% of British consumers now shop online, according to figures by Ecommerce Europe, compared to 76% in France, 63% in Spain and as little as 48% in Italy.
The white paper also explored the entertainment market segment and how it influences retail destination revenue now and in the future, as well as looking at hospitality and co-working, design and architecture, and art and wellbeing.
Source : Company