Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mapic plays host to "the most positive sentiment" since 2008

Currently sitting on a plane waiting to take off from Heathrow for Mapic - an early flight mostly occupied by a broad cross section of the British retail and property sector.

The best thing I have heard this morning is the pilot announcing the temperature in Cannes - 21 degrees and sunny. Seems a world away from the wet and windy UK right now.

To match the great weather is probably the most positive sentiment I have seen around retail since 2008. Consumer confidence is up, retail trade confidence is up, retail sales (depending on which of the many varied and confusing trackers you choose to believe) are up, and interest rates continue to sit at an all time low and will likely stay at the same level till 2016.

It is no great surprise therefore that this Mapic will host more retailers than ever before, and I have an extremely busy day tomorrow in the Mapic ‘bunker’, with 15 meetings back to back - all with retailers, many of which are interested in expanding their interests in international markets and in particular the UK, and some of which would be new entrants to the UK entirely.

Tuesday at Mapic is mostly about registering prior to the arrival of the majority of delegates on Wednesday morning, and tends to be a quieter affair - the calm before the storm so to speak -before the frenzy of meetings that is Wednesday. This evening I have a quiet dinner with a couple of US investors that are looking to bring UK and European retailers to some of their malls in the US. My role is increasingly involving travel to the US, as most strategic decisions some of the bigger international retailers make are invariably taken there.

At ICSC Vegas this year I reported on the positive sentiment pervading the US market at the time, and it is great to see that this has now made its way over to Europe. The recession we have just experienced has been the longest and deepest in living memory - here’s hoping the recovery will be as long and as pronounced, and we can start talking about some of the good things that are happening around retail instead of dwelling on the negative.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.