Major retailers are scouring the region for large storage and distribution warehouses capable of supporting the dramatic rise in online shopping, according to a leading commercial property specialist. It follows stronger-than-expected consumer spending driven by record-breaking online shopping.
Tim Davies (pictured), head of Colliers International in Bristol, said: “Dramatically changing shopping habits have resulted in millions of people sitting at home to track down their Christmas gifts online rather than traipsing about the High Street. We are seeing retailers returning to the industrial sector to ensure they have adequate logistical support for the unexpectedly steep surge in online business.”
The boom was originally triggered by food retailers expanding their home delivery services but it has now spread to general retailers, he said. Online shopping analysts have reported a rise of almost 14% on last year incorporating an even more dramatic 35% increase in the number of people shopping for presents using mobile platforms.
Tim Davies concluded: “Contrary to most reports the public appears to be spending fairly freely but it is the way they are spending which is changing out of all recognition. The whole process is being driven by advances in technology but, however people are buying, retailers still require a good old warehouse to support the increase in business.”
