The demise of Woolworths, almost a year ago, freed up some good retail real estate and left some shoppers with nowhere to go. Last week, property consultant CB Richard Ellis, released details of who had acquired the retail space. Discount stores took 39% of the space, supermarkets 26% and fashion operators 18%. On this basis, shoppers obviously went to Woolworths to buy cheap stuff, cheaply priced.
We are launching the 2009 Independent Achievers Academy tomorrow in London with a group of retailers and suppliers. The marketing team have come up with a great practical exercise to help us relive the Academy experience. At its heart, the IAA has a simple concept: set a goal, plan to hit it and celebrate the outcome. I hope to learn lots from participants and will pass this learning on to you.
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