1

The New Era in Shopping

Centre … What’s Next?

November 19th 2019

Prepared for:

Brick & Mortar Retail Forum

Retail Council of Canada

Presented by:

John G. Crombie

Executive Managing Director, Retail Services, Canada

Cushman & Wakefield ULC

(416) 471-5416

John.Crombie@cushwake.com

Source: ICSC

MAJOR GLOBAL RETAIL TRENDS

Sources: ICSC Research

RETAIL CHANGESINNOVATION WAVE OF RETAIL SUPPLY CHAIN IN CANADA: 1940-2020

RETAIL CHANGESCHANGING USES: MALLS ADAPTING WITH VACATING DEPARTMENT STORES

Source: Co-Star Portfolio Strategy

Sources: ICSC Research

RETAIL CHANGESCHANGING DEMOGRAPHICS: PRESSURE ON RETAIL SPENDING IN CANADA

FUTURE RETAIL TRENDSPREDICTIONS: SHOPPING CENTRES TO CONSUMER “ENGAGEMENT” SPACES

RETAIL TRENDSDESTINATION MALLS: THE BIG IS GETTING BIGGER IN CANADA

RETAIL TRENDSMIXED USE: DIVERSIFICATION OF CRE DEVELOPMENTS ON RETAIL SITES

Source: Co-Star Portfolio Strategy

RETAIL TRENDSEXPERIENCE: IT’S ALL ABOUT CREATING FUN + DRIVING TRAFFIC

Challenges in Dealing with

Experience Prospects:

• Overwhelmingly wide

range of concepts and

types floating around

• Finding right centre can

be tough – they all want

the same mall

• They come with unique

build-out challenges

• Economic and capital

constraints in most cases

RETAIL TRENDSEXPERIENCE: F&B IS DRIVING GROWTH

Sources: ICSC Research, JLL, Cushman & Wakefield

RETAIL TRENDSMORE DIGITAL BRANDS OPENING BRICK + MORTAR STORES

Source: L2: Death of Pureplay Retail, Fifth Wall Ventures

RETAIL TRENDSARTIFICIAL INTELLIGENCE: RETAIL LEADS THE WAY IN ADOPTION & SPENDING

Source: Coresight Research, International Data Corp, PwC, Sizing the Prize Report

RETAIL TRENDSTECHNOLOGY: SMART MALLS RESHAPING THE PHYSICAL SHOPPING EXPERIENCE

Source: Coresight Research

RETAIL TRENDSPOP UPS: WAY TO TEST PRODUCT, CREATE EXCITEMENT

AESOP at Nordstrom in Vancouver Well.ca at Shops of Don Mills, Toronto

NIKE in Vancouver IKEA in Downtown Toronto

RETAIL TRENDSIN-MALL INCUBATOR SPACE: ALLOW GROWING BRANDS TO ACCESS TOP MALLS

Source: ICSC, Ivanhoe Cambridge

RETAIL TRENDSSUSTAINABILITY: GREEN ROOFS | GARDENS | SOLAR & WIND POWER

Source: ICSC, Ivanhoe Cambridge

RETAIL TRENDSCO-WORKING SPACE AT SHOPPING CENTRES

Source: Cushman & Wakefield Research, New York Times, CoStar Group, Commercial Observer, Forbes

THE RETAIL FUTURE?

THANK YOU

©2019 Cushman & Wakefield ULC. All rights reserved. The material in this presentation has been prepared solely for information purposes, and is

strictly confidential. Any disclosure, use, copying or circulation of this presentation (or the information contained within it) is strictly prohibited, unless

you have obtained Cushman & Wakefield’s prior written consent. The views expressed in this presentation are the views of the author and do not

necessarily reflect the views of Cushman & Wakefield. Neither this presentation nor any part of it shall form the basis of, or be relied upon in

connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. NO REPRESENTATION OR WARRANTY IS

GIVEN, EXPRESS OR IMPLIED, AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED WITHIN THIS PRESENTATION, AND

CUSHMAN & WAKEFIELD IS UNDER NO OBLIGATION TO SUBSEQUENTLY CORRECT IT IN THE EVENT OF ERRORS AND/OR OMMISSIONS.