House of Fraser site - now digital meets reality, right where it should[/caption]
The press release from Hammerson here, reveals a bit more of this new business philosophy. What do we like about it? Not only is the move brilliant business insight, but superb PR as well. Sooner or later the online world had to revert back to the brick and mortar model - only in a much more economical and refined way. For expansion to occur, after the "flux" of migration to digital, people still have to see people. This only makes sense.
So, having a House of Fraser employee show a am elderly lady how to use an iPad, this is brilliant, if not a new idea. House of Fraser, so far this year, has seen over 100 percent increase in sales, meanwhile Union Square are up almost 7.5 percent. If ever there were a "win-win" - Lawrence Hutchings, Hammerson UK Retail MD, had this to add:
"To have secured the first pure buy and collect concept store in the UK is not just important for the centre - it also has the potential to shake up the retail sector. Shopping is no longer a linear process and the majority of purchases are now informed by more than one channel. Consumers increasingly spend more time online and increasingly prefer to collect in store, which drives footfall and additional sales for our retailers. Union Square has a strong customer catchment and adding House of Fraser to the retail line up will considerably strengthen our offer."[caption id="attachment_30660" align="aligncenter" width="560"]
Union Square in Aberdeen - courtesy Hammerson[/caption]
Just when companies everywhere are contracting, wondering where the next expansion will be, Hammerson and other innovative property owners have to be proud to announce initiatives like that of House of Fraser. Combining the online and in store experience - this is one really practical way to expand and re-engage the window shopper. Not everyone sits waiting on pins and needles for that store offer, you know? Nice move.




