Content of the study:
The shopping centre market - France

Available languages

MARKET SUMMARY

1.1 Definition and presentation of the shopping centre market

A shopping centre is a group of 20 shops in a surface of at least 5,000 m² of usable commercial area. It is designed and used as a single entity.

Gloablly, the shopping centre market is dominated by Asia in terms of m² of surface area. The market is in full bloom as consumer spending increases amid higher GDP globally, and new projects are built together with the renovation of exisiting structures to meet this demand.

In France, it was the opening of "Parly 2" and "Cap 3000" in 1969 that marked the real expansion of American-style shopping centres. The shopping centre is integrated into larger cities as a place for new districts to arise. Examples of this includes La Défense or Aulnay in the Paris region, but also La Part-Dieu in Lyon, Mériadeck in Bordeaux or La Bourse in Marseille.  [Toute La Franchise]

Today, France has the second highest amount of shopping centres (1,250) in Europe after the United Kingdom, and the expansion of new centres is in full bloom. However, as competition has become more fierce, overall revenue in the sector is down. Amid a more fragmented market structure, new business models tied to shopping centres have arised, including retail parks and hybrid structures.

COVID-19 has had a detrimental effect on short-term sales; Procos reports that sales for shopping centres in France dropped by 94% between April 2019 and April 2020. The industry is yet to prove of a significant bounceback coming out of this crisis.

 

 

 

1.2 The global market dominated by Asia

Overview

AT Kearney's study on the future of shopping centres provides an initial overview of the current global market. It is noted that the market growth is positive in all regions of the world, but that it is largely driven by the Asia-Pacific region with a *% increase in the number of ...

1.3 France's position in Europe is robust

In Europe, the United Kingdom dominates the number of shopping centres; in **** the country had almost *** more than France which was in second plance. 

Moreover, from the graph below we can confirm that there is a vast amount of shopping centres in France. The fact that the UK, France and Italy ...

1.4 French revenue is declining but investment remains strong

Overview

In France there were *** shopping centres in ****. Together, these made up ** million m* and €*** billion in revenue, and together they accounted for ***,*** employees and **,*** stores (***). Another *** projects are currently under way in France and are set to be ready by ****. [***]

Moreover, **% of shopping centres are branches and **% are held by ...

DEMAND ANALYSIS

2.1 Focus: the French consumer & shopping centres

Attendance

In ****, French shopping centres hosted *.* billion visits. [***]

A study by the Hammerson real estate showed the importance of shopping centres in the habits of the French people. Indeed, Almost one in two French people (***). [***]

Most popular shopping centres & stores

Below is an overview of the most visited shopping centres in ...

2.2 COVID-19's impact on the industry

Procos reports that sales for shopping centres dropped by **% between April **** and April **** (***). Between January and April ****, and the equivalent period in ****, sales declined by **%. Meanwhile, E-commerce demonstrated a **% increase.  

Emmanuel Le Roch, General Delegate of Procos, states that rents will be the largest and most significant cost to consider for ...

MARKET STRUCTURE

3.1 An overview of shopping centres in France

A shopping centre's lifespan is around ** years. [***]

On top of this, Le Figaro claims that in **** **% of shopping centre surfaces (***) were located in the periphery of larger cities. Projects in the city centre, on the other hand, are in continuous decline and represent a mere *% of the surface area planned. 

Shopping ...

3.2 Distribution & revenue of shopping centres in France

Revenue is in a decreasing trend

Revenue of shopping centres France, ****-***** (***), in % Source: ****

Overall, revenue for shopping centres in France is down, as shown in the graph above. Compared to ****, revenue has decreased every year, and in **** the index value was **.*. This implies a decrease in revenue of *.*% (***).

In particular, ...

3.3 Nationality of investors and investment outlook

Investors account for a significant portion of the demand as they provide capital to build new shopping centers and renovate existing ones. We present below the most common investors in shopping centers in France, by nationality.

Volumes invested by buyer's nationality France, ****, in % Source: ****

Indeed, shopping centers require heavy initial investments ...

3.4 E-McDonald's dominates presence

In particular, McDonald's is the most common store in French shopping centres; in ****, there were *,*** stores located in shopping centres. 

In second place we find Crédit Agricole (***). Overall, banks prevails in terms of presence measured through number of stores.

Ten most common stores in shopping centres France, ****, in units Source: ...

3.5 E-commerce: a threat to the status quo?

Revenue for e-commerce France, ****-****, in € billion Source: ****

The E-commerce sector is growing rapidly in France as we can see in the graph above; in **** e-commerce revenue was equal to €**.* billion whilst in **** this figure had increased to €**.* billion (***). This can be viewed as a threat to shopping centres which relies ...

ANALYSIS OF THE OFFER

4.1 Diversification is key in today's shopping centres

This section defines a shopping centre and looks at what is required in order to ignite success. 

Defintion based on size

Super-regional shopping centres: Useful commercial area greater than **,*** m* and/or at least *** stores and services. Regional shopping centres:  Useful commercial area greater than **,*** m* and/or at least ** stores ...

4.2 Cost analysis

Cost distribution of a shopping centre France, in % Source: ****

It is difficult to estimate a universal cost distribution for shopping centres as costs depend on rent agreements, investor ROI requirements, fees to tertiary partners etc. However, the graph above depicts a proxy for the distribution of costs. Here, one aspect (***) are ...

4.3 The largest shopping centres in France by capacity

Largest shopping centres in France, by number of outlets France, ****, in units Source: ****

In ****, La Part-Dieu was the largest shopping centre in France measured through number of stores (***). 

The conclusion we can draw from the graph above, and as we have stated before, is that the largest shopping centres in France ...

4.4 Improvements to shopping centres going forward

The graphs presented in this section provides a credible hint of where consumers place value in shopping centres, but also which aspects are subject to the most drastic changes.  In ** years, what will change the most/evolve for the stores? France and Europe, ****, in % Source: L'Observatoire Cetelem   From this we find ...

4.5 Location matters

Source: ****

Finally, the table above applies for shopping centre investors who want to establish (***) a complex in the most frequented streets of France's largest cities. We find that Paris is by far the most expensive, followed by Lyon and Bordeaux. 

These prices play a large part in why shopping centres are ...

RULES AND REGULATIONS

5.1 Legislative framework and urban planning

The decree of ** June **** of General de Gaulle prohibited the refusal of manufacturers to sell to distributors, which launched the expansion of mass distribution

Commercial urban planning can be seen as an instrument to regulate the expansion of shopping centres:

The law of * December **** on the orientation of trade and crafts, ...

POSITIONING OF THE ACTORS

6.1 Segmentation

  • Unibail-Rodamco-Westfield
  • Klépierre
  • Westfield Les quatre temps
  • La part dieu (Unibail Espace expansion)
  • Marques Avenue

To keep reading, buy the full research

What is in this market study?

  • What are the figures on the size and growth of the market?
  • What is driving the growth of the market and its evolution?
  • What are the latest trends in this market?
  • What is the positioning of companies in the value chain?
  • How do companies in the market differ from each other?
  • Access company mapping and profiles.
  • Data from several dozen databases

  • This market study is available online and in pdf format (30 p.)
  • Consult an example PDF or online

Our other products

Our other products

Étude de marché locale - France

400 €

Commandez une étude sur une zone géographique (ville ou zone géographique) à partir de 400€ HT

  • Flux Piéton et Voitures 
  • Activité réseaux sociaux
  • Trafic et analyse web
  • Analyse détaillée de l’offre 
  • Cartographie des acteurs
  • Estimation du chiffre d'affaires

Demandez une estimation précise à notre équipe (réponse en 24h)

En savoir plus sur ce format d'étude

Buy

Étude ad hoc - France

600 €

Nos analystes réalisent des études sur-mesure à des prix très compétitifs (à partir de 600€ HT)

  • Définition du marché et du ou des pays
  • Estimation de la faisabilité de l'étude, du délai et du prix (24h)
  • Validation de la commande et paiement en ligne ou par virement

Notre équipe vous recontacte immédiatement (entre 9h et 22h Paris)

Consultez un exemple d'étude ad hoc et des études de cas

Buy

Pack 10 études - France

690 €

10 crédits valables 1 an qui vous permettent de choisir 10 études parmi nos 650 études en France

Une offre adaptée pour :

  • Les consultants et fonds d'investissement
  • Les acheteurs et chefs de marché
  • Les experts-comptables

Recevrez gratuitement une sélection d'études personnalisées et le meilleur prix selon le nombre d'études choisies.

Consultez nos études de cas : private equity, conseil, acheteurs, commerciaux.

Buy

Method

Method
Data
Analysts 1 sector analyzed
in 40 pages
Method
Control

Analysts

  • Top Universities
  • Expert opinion

Data

  • Databases
  • Press
  • Company reports

Control

  • Continuously updated
  • Permanent watch

Method

  • Synthetic structure
  • Standardized charts

Reviews (3)

Reviews (3)

The stationary toilet market - France

Publicado en 12/01/2022 by Client anonyme - Ce client a souhaité rester anonyme

A highly quantified study. Despite the investments made by local authorities, the mistrust of public toilets is confirmed. The smart toilet market has not yet taken off.


Businesscoot Response:

Hello Geoffroy, Thank you for your feedback and we are delighted that this study has given you a good overview of the market.

The public lighting market - France

Publicado en 27/10/2021 by Stéphane Naville - AXIONE SAS

Good level of synthesis allowing to go to the essential of a market (supply, demand, actors) quickly!


Businesscoot Response:

Hello Stephane, Thank you for your feedback, we are very happy if our study could save you a precious time. :)

The veneers and wood panels market - France

Publicado en 08/09/2020 by Client Anonyme - Ce client a souhaité rester anonyme

A synthetic and easy to read study, usable for us.


Businesscoot Response:

Hello, Thank you for your feedback.

Customer cases and references

Customer cases and references
La pépite Interview
Linkedin logo

BFM Business

La pépite Interview

Paul-Alexis Kebabtchieff
Linkedin logo

Boston Consulting Group

Paul-Alexis Kebabtchieff

Marie Guibart
Linkedin logo

Kea Partners

Marie Guibart

Elaine, Durand
Linkedin logo

Crédit Agricole, Information & Veille

Elaine, Durand

Philippe Dilasser
Linkedin logo

Initiative & Finance

Philippe Dilasser

Anne Baudry
Linkedin logo

Metro

Anne Baudry

Amaury Wernert
Linkedin logo

Kroll (Duff & Phelps)

Amaury Wernert

Smart Leaders Interview
Linkedin logo

B-Smart

Smart Leaders Interview