Emerging implications of online retailing for real estate: Twenty-first century clicks and bricks

Colin Jones, Nicola Livingstone

Research output: Contribution to journalArticle

12 Citations (Scopus)
1175 Downloads (Pure)

Abstract

Purpose – This paper aims to initially explore the effects of online retailing on corporate real estate strategies today, examining current trends and the approaches of leading edge retailers in this evolving marketplace. The UK has the greatest proportion of online sales worldwide. Design/methodology/approach – Context is provided through existing literature, and the methodology considers specific case studies. Information from financial reports, websites and evidence directly from retailers is derived to examine selected sectoral responses (food shopping, fashion retailing and department stores) to online shopping. The research considers the interface between the virtual and physical retail landscapes. Findings – The Internet is undeniably driving change, and large retailers have responded by embracing multi-channel sales strategies in which the adapted physical store remains a central element. Research limitations/implications – The case studies are arguably limited in their market assessment by examining only large retailers, but it is these retailers who occupy much of the real estate space in shopping centres. Data on Internet sales and retail space of individual retailers are not publicly available. This paper offers a qualitative introduction into ongoing research on the evolution of Internet retailing today. Practical implications – For large retailers, a multi-channel corporate sales strategy is enhanced by physical stores that can act as showrooms and collection points and enhance consumer service. Multiple retailers have a competitive advantage in the form of store networks and a recognisable brand that they can exploit to capture the sales opportunities the Internet offers. Originality/value – The paper is the first to collate and analyse corporate real estate strategic responses to online retailing.

Original languageEnglish
Pages (from-to)226-239
Number of pages14
JournalJournal of Corporate Real Estate
Volume17
Issue number3
DOIs
Publication statusPublished - 2015

Keywords

  • Corporate strategy
  • High street
  • Internet
  • Online retailing
  • Retail brands
  • Store networks

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Finance

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