Mothercare Plc Annual Report and Accounts 2016 at a Glance

Total Page:16

File Type:pdf, Size:1020Kb

Mothercare Plc Annual Report and Accounts 2016 at a Glance Mothercare plc Mothercare plc Annual report and accounts 2016 Annual report and accounts 2016 Annual report and accounts www.mothercareplc.com At a glance Our vision at Mothercare is clear – to be the leading global retailer for parents and young children. Worldwide sales* £1,149m (4.5)% Europe Stores: 469 Group sales UK Space: 1,168k sq.ft. Stores: 170 £682m (4.4)% Space: 1,553k sq.ft. Underlying profit Asia £19.6m +51% Stores: 435 Middle East Statutory profit Space: 916k sq.ft. Stores: 345 £9.7m Space: 873k sq.ft. compared to Latin America Stores: 61 loss of £(13.1)m Space: 70k sq.ft. * Total UK sales plus retail sales achieved by our franchise partners, joint ventures and international wholesale Product Worldwide Sales International UK International UK Clothing & Footwear Clothing & Footwear Stores Stores Home & Travel Home & Travel Online Online Toys Toys Wholesale Wholesale 14.3% 17.3% 1.6% 1.0% 7.3% 36.7% 21.1% 34.7% 58.0% 64.6% 46.0% 97.4% Contents Overview Our brands Overview ifc At a glance Mothercare 01 Contents and financial highlights Our aim is to meet the needs of mothers-to-be, babies Strategic report and children up to the age of eight years. Our Clothing & Footwear product includes ranges for babies, children 02 Chairman’s statement and maternity wear and has a growing selection of 04 Business model branded product. Home & Travel includes pushchairs, 06 Chief Executive’s review car seats, furniture, bedding, feeding and bathing 12 Our strategy equipment. Toys is mainly for babies and complements 13 Strategic pillars our ELC ranges. 24 KPIs – Financial and non-financial STORES 26 Risks – Principal risks and uncertainties UK – in town: 66 32 Financial review UK – out of town: 96 40 Corporate responsibility International partners: 947 Governance 46 Board of Directors Early Learning Centre 47 Executive Committee Our aim is to provide children up to the age of eight years 48 Corporate governance with toys that nurture and encourage learning through 55 Audit and Risk Committee play. Whilst the ranges are mainly own brand and are 61 Nomination Committee designed and sourced through our facilities in Hong Kong, 62 Directors’ report we selectively bring in branded product that enhances 66 Directors’ remuneration report our ranges. STORES Financial statements UK – in town: 8 93 Directors’ responsibilities statement UK – inserts: 121 94 Independent auditor’s report to International partners: 363 the members of Mothercare plc 99 Consolidated income statement 100 Consolidated statement of comprehensive income/(expense) 101 Consolidated balance sheet 102 Consolidated statement of changes in equity Space 103 Consolidated cash flow statement 104 Notes to the consolidated financial International UK statements Mothercare New, modern & refitted format Company financial statements ELC Still to be refitted 143 Company balance sheet 144 Statement of changes in equity 145 Notes to the Company financial 12.9% statements 148 Five year record 37.1% 62.9% 149 Shareholder information 87.1% Mothercare plc Annual report and accounts 2016 01 Chairman’s statement In the last 12 months significant progress has been made both in the transformation of Mothercare and delivering improved profitability for our shareholders. Alan Parker CBE Chairman There has been a further reduction growth. There is now a redefined brand of losses in the UK driven by stronger proposition and product improvements trading and margin improvement. based on a clear understanding of Our International business has had target customer needs. We still have a more difficult year with challenges much to do. However, I believe the in consumer markets and foreign actions taken over the year are exchange. We have worked together significant progress with a high with our International partners to reduce proportion of the benefit still to come. the impact on sales and profitability. In January, Daniel Talisman was Proceeds from the successful rights appointed General Counsel and issue completed in October 2014 have Group Company Secretary, following been used to reduce debt and invest the resignation of Tim Ashby. After 35 in UK retail stores. Customers have years with the Company, Jerry Cull has responded positively to the modern decided to step down as Managing store format with sustained year-on- Director of International. Jerry was year sales growth. This investment responsible for the growth of our programme will continue in the year International partner network from very ahead to include a major improvement small beginnings. Jerry will continue to in the Group’s IT systems infrastructure. support the business in the year ahead while Mark Newton-Jones takes over The new executive leadership team, direct responsibility for our International led by Mark Newton-Jones, not only regional managing directors. improved operating performance, but also laid the foundations for future 02 Mothercare plc Annual report and accounts 2016 There were no Board changes during Finally our International partners are the year. I would like to recognise the a powerful asset to our business and collective experience of both the we recognise that their local insight executive and non-executive directors, and commitment to our brands give which has proved invaluable in us a competitive edge globally. navigating the challenges of the We look forward to working together previous 12 months. A Board evaluation in the next 12 months on the strategy was undertaken which confirmed that for future growth. non-executive members worked both well together and with the executive members whilst remaining independent in the spirit of good governance. I would like to thank everyone involved report Strategic in our two great brands of Mothercare Alan Parker CBE and Early Learning Centre around the Chairman, Mothercare plc world, in our stores, support centres, sourcing offices and suppliers for their hard work and enthusiasm. Mothercare plc Annual report and accounts 2016 03 Business model The Mothercare business model describes how we operate and create value for shareholders, our customers Our vision is to be and other key stakeholders. the leading global retailer for parents Our resources and young children. Shareholders’ equity International partners £89m 45 Cash in bank Suppliers £14m 1,422 Employees with orders worth £595m 5,346 Relationships What differentiates us Trusted own brand Effective logistics Exclusive product 6 2 Expertise and service DCs Hubs Efficient sourcing Understanding customers 17 7 2.4m countries offices customers on database Full service vendors Trusted own brand 621 36 Innovation, suppliers countries quality and style 04 Mothercare plc Annual report and accounts 2016 How we create value For customers For International partners Grow sales and margins Manage £1,149m £690m costs and report Strategic Worldwide sales Sales cash For employees For social Focused investment £71m £15m Create Total pay and benefits Total tax contribution Value (TTC) For suppliers To reinvest £595m Total payment Value capture The products we offer How our customers buy from us Home & Travel UK Stores 175 3,200 74 96 brands options in town out of town Clothing & Footwear UK online 16 5,100 37% brands options of UK retail sales Toys International 80 2,650 12 1,310 brands options countries stores online & 1.6% of international sales Mothercare plc Annual report and accounts 2016 05 Chief Executive’s review Two years into our turnaround, we have delivered 51% growth in underlying PBT and our first statutory profit in five years. Overview the new practices from the UK into our We have made solid progress in each International markets which will improve of our six strategic pillars in this past our partners’ businesses and indeed the year as we continue to transform and management of our brand globally. modernise our business. In the UK Despite the challenges faced in our almost 40% of space is now in the new International markets, where sales and and much improved format. We have profit have been impacted by economic invested in product, service, systems and currency headwinds, we are still Mark Newton-Jones and the team which is delivering a opening new space. We have also Chief Executive significantly improved experience for recently completed a full review of our our customers both in store and online. International operations, looking for Like-for-like sales are up for the second ways in which we can improve and 1. Become a digitally year in a row and margins, after five strengthen the business. We believe we years of decline, are up 70 bps reflecting can work even more closely with our led business our improved product quality and partners to support their businesses and 2. Supported by a design, better buying negotiations and strengthen the franchise model, ensuring modern retail estate a focus on full price sales. Combined, that we will be best placed to benefit this has resulted in a 64% reduction in when market conditions improve. losses compared to the previous year 3. Offering style, quality I’d like to thank our teams and our and we are on track to return the UK and innovation International partners for all of their to profit. in product effort in this past year, as we transform International has been more of a and modernise our business. 4. Stabilise and challenge, but we remain focused We have made further progress against recapture gross on building a strong and more resilient each of our six strategic pillars. Overall business for the future. Our plan has margin the business is on a firmer footing and been to fix the UK business by we are positioning ourselves well for 5. Running a lean transforming it in to a modern and the future. organisation while professional retailer and, by doing investing for the future so, make it more exportable. We are now taking the lessons learned and 6.
Recommended publications
  • Habitat Ltd, Furniture and Household Goods Manufacturer and Retailer: Records, Ca
    V&A Archive of Art and Design Habitat Ltd, furniture and household goods manufacturer and retailer: records, ca. 1960 – 2000 1 Table of Contents Introduction and summary description ................................................................ Page 4 Context .......................................................................................................... Page 4 Scope and content ....................................................................................... Page 4 Provenance ................................................................................................... Page 5 Access ......................................................................................................... Page 5 Related material .......................................................................................... Page 5 Detailed catalogue ................................................................................ Page 6 Corporate records .............................................................................................. Page 6 Offer for sale by tender, 1981 ................................................................................................ Page 6 Annual Reports and Accounts, 1965-1986 ............................................................................. Page 6 Marketing and public relations records ............................................................. Page 7 Advertising records, 1966-1996 ............................................................................................
    [Show full text]
  • Annual Report and Accounts 2018Mothercare Plc Annual Report 2018 Annual Report and Accounts
    mothercare plc annual report 2018 and accounts 2018 Annual report and accounts Contents Our brands Overview Mothercare 2 At a glance and financial highlights Our aim is to meet the needs of mothers-to-be, babies and children up to pre-school age. Our clothing & Strategic report footwear product includes ranges for babies, pre-school children and maternity wear and has a growing selection 3 Chairman’s statement of branded product. Home & travel includes pushchairs, 4 Business model car seats, furniture, bedding, feeding and bathing 5 Chief executive’s review equipment. Toys is mainly for babies and complements 11 KPIs – measuring our performance our ELC ranges. 12 Enterprise risk management 15 Principal risks and uncertainties STORES 18 Financial review UK – in town: 38 27 Corporate responsibility UK – out of town: 96 International partners: 932 Governance 36 Board of directors 37 Executive committee 38 Corporate governance Early Learning Centre 44 Audit and risk committee 49 Nomination committee Our aim is to provide children up to pre-school age 50 Directors’ report with toys that nurture and encourage learning through 53 Directors’ remuneration report play. Whilst the ranges are mainly own brand and are 57 Annual report on remuneration designed and sourced through our facilities in Hong Kong, we selectively bring in branded product that enhances Financial statements our ranges. 80 Directors’ responsibilities statement STORES 81 Independent auditor’s report UK – in town: 3 90 Consolidated income statement UK – inserts: 115 91 Consolidated
    [Show full text]
  • The Case for Firing Prosecutor General Viktor Shokin
    October 9, 2015, Vol. 2, Issue 3 Obstruction Of Justice The case for fi ring Prosecutor General Viktor Shokin Special coverage pages 4-15 Editors’ Note Contents This seventh issue of the Legal Quarterly is devoted to three themes – or three Ps: prosecu- 4 Interview: tors, privatization, procurement. These are key areas for Ukraine’s future. Lawmaker Yegor Sobolev explains why he is leading drive In the fi rst one, prosecutors, all is not well. More than 110 lawmakers led by Yegor Sobolev to dump Shokin are calling on President Petro Poroshenko to fi re Prosecutor General Viktor Shokin. Not only has Shokin failed to prosecute high-level crime in Ukraine, but critics call him the chief ob- 7 Selective justice, lack of due structionist to justice and accuse him of tolerating corruption within his ranks. “They want process still alive in Ukraine to spearhead corruption, not fi ght it,” Sobolev said of Shokin’s team. The top prosecutor has Opinion: never agreed to be interviewed by the Kyiv Post. 10 US ambassador says prosecutors As for the second one, privatization, this refers to the 3,000 state-owned enterprises that sabotaging fi ght against continue to bleed money – more than $5 billion alone last year – through mismanagement corruption in Ukraine and corruption. But large-scale privatization is not likely to happen soon, at least until a new law on privatization is passed by parliament. The aim is to have public, transparent, compet- 12 Interview: itive tenders – not just televised ones. The law, reformers say, needs to prevent current state Shabunin says Poroshenko directors from looting companies that are sold and ensure both state and investor rights.
    [Show full text]
  • The IFSO Global Registry 5Th IFSO Global Registry Report 2019
    The IFSO Global Registry 5th IFSO Global Registry Report 2019 Prepared by Almino Ramos MD MSc PhD FACS FASMBS Lilian Kow BMBS PhD FRACS Wendy Brown MBBS PhD FACS FRACS Richard Welbourn MD FRCS John Dixon PhD FRACGP FRCP Edin Robin Kinsman BSc PhD Peter Walton MA MB BChir MBA FRCP IFSO & Dendrite Clinical Systems The International Federation for the Surgery of Obesity and Metabolic Disorders Fifth IFSO Global Registry Report 2019 Prepared by Almino Ramos MD MSc PhD FACS FASMBS Lilian Kow BMBS PhD FRACS Wendy Brown MBBS PhD FACS FRACS Richard Welbourn MD FRCS John Dixon PhD FRACGP FRCP Edin Robin Kinsman BSc PhD Peter Walton MA MB BChir MBA FRCP IFSO & Dendrite Clinical Systems The International Federation for the Surgery of Obesity and Metabolic Disorders operates the IFSO Global Registry in partnership with Dendrite Clinical Systems Limited. IFSO gratefully acknowledge the assistance of Dendrite Clinical Systems for: • building, maintaining & hosting the web registry • data analysis and • publishing this report Dendrite Clinical Systems Ltd maintains the following United Kingdom and GDPR-compliant Information Governance and Data Security Certificates: • Registration with the UK Government Information Commissioner’s Office (ICO) • NHS Data Security & Protection Toolkit (ODS code 8HJ38) • Cyber Essentials Plus (Registration number QGCE 1448) • G-Cloud 11 (Framework reference RM1557.11) This document is proprietary information that is protected by copyright. All rights reserved. No part of this document may be photocopied, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the permission of the publishers and without prior written consent from IFSO and Dendrite Clinical Systems Limited.
    [Show full text]
  • How to Fix Ukraine's Broken Legal System
    June 26, 2015, Vol. 2, Issue 2 How To Fix Ukraine’s Broken Legal System Editors’ Note Contents If it ain't broke, don't fi x it. But if it is broke, as Ukraine's criminal justice system is, how to 4 Is it time to scrap Ukraine’s fi x it? Does society start from scratch or simply focus on a few areas at a time? These are legal system and start over with the questions that Ukrainians are still wrestling with, nearly 24 years after the collapse of the another nation’s system? Soviet Union The U.S.S.R.'s half-life is proving to be way too long, and the legal system pro- 6 Armine Sahakyan: Judicial reform vides one of the best examples of how much damage was infl icted during those 70 years. is still a pipe dream in former Basic legal concepts are either not appreciated or in force here. Soviet Union Probable cause – It still feels like a society where police can take people away in the dead of night on any pretext. 8 Soviet social guarantees for Presumption of innocence until proven guilty – Suspects can be subject to damning pre-tri- employees scare investors, often backfi re al publicity. Putting defendants in courtroom cages announces to the world: This is a guilty person. Lengthy pre-trial detention assumes guilt and ruins lives. 10 Anders Aslund: How to reform Plea bargains – These come in handy in getting lower-level suspects to turn state's evidence prosecutors and judicial system against top-level suspects, in murders and in fi nancial crimes, and also in ensuring justice is done without lengthy and costly trials.
    [Show full text]
  • Design Index: the Impact of Design on Stock Market Performance Report to December 2004
    Design Index: The Impact of Design on Stock Market Performance Report to December 2004 July 2005 Contents Foreword page 03 Executive summary page 05 Findings page 06 1.1 Introduction page 06 1.2 General overview page 06 1.3 Key points from 2004 page 08 Sector Performance page 10 2.1 The importance of retail and banking page 10 2.2 Retail page 10 2.3 Banking page 11 2.4 What lies behind the outperformance? page 12 Charts and tables Chart 1: Ten-year performance 1995-2004 page 06 Table 1: Performance relative to FTSE indices page 07 Table 2: Highs and lows of performance page 08 Chart 2: Recovery performance – 31 March 2003 to 31 December 2004 page 09 Chart 3: Retail performance – 29 November 2003 to 29 December 2004 page 10 Chart 4: Banking Performance – 29 November 2003 to 29 December 2004 page 11 Appendices page 13 Appendix 1: Index constituents page 14 - Design Index page 14 - Emerging Index page 15 Appendix 2: FTSE ‘ground rules’ page 16 Appendix 3: Original selection criteria page 17 Appendix 4: Retail and banking sectors page 20 02 Foreword Good design is good business. We’ve said it for years, and now we have the proof to back that belief – proof that can’t be ignored by anyone who cares about the long-term health of UK plc. This report shows clearly that businesses which invest in design out-perform their peers. We’ve tracked the share prices of the biggest hitters in corporate Britain and the evidence is unequivocal: Design-led companies have produced dramatically better share-price performance for their investors, not just for a few weeks or months but consistently over a solid decade.
    [Show full text]
  • Schedule One Appendix
    MOTHERCARE PLC (incorporated and registered in England and Wales with registered number 01950509) APPENDIX TO SCHEDULE ONE ANNOUNCEMENT FURTHER INFORMATION RELATING TO MOTHERCARE PLC IN CONNECTION WITH THE PROPOSED ADMISSION OF ITS ORDINARY SHARES TO TRADING ON AIM This Appendix has been prepared in accordance with the requirements of Rule 2 of, and Schedule One (including the Supplement to Schedule One for a quoted applicant) to, the AIM Rules that, for a quoted applicant, all information that is equivalent to that required for an 'admission document' which is not currently public shall be made public. Information which is public includes, without limitation, all information available in respect of the Company accessed at the London Stock Exchange (available at www.londonstockexchange.com), all information available in respect of the Company on the FCA's National Storage Mechanism (available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism), all information available in respect of the Company at the website of Companies House at www.beta.companieshouse.gov.uk/, all information available on the Company's website (www.mothercareplc.com) and the contents of this Appendix (together comprising the “Company’s Public Record”). Definitions used in this Appendix are set out on pages 3 – 5. AIM AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM securities are not admitted to the Official List of the FCA. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser.
    [Show full text]
  • E-Commerce in MENA Report
    E-commerce in MENA Opportunity beyond the hype Disclaimer This report was published by Google and Bain & Company for information purposes only. To the extent permitted by law, we do not represent or warrant that this report is reliable, accurate, complete. Accordingly, this report is made available for use “as is,” and any use thereof will be undertaken solely at your own risk. We reserve the right, in our sole discretion, to cease publishing this report at any time, and we do not give or enter into any conditions, warranties or other terms with regard to this report. In particular, no condition, warranty or other term is given or entered into to the effect that this report will be of satisfactory quality, noninfringement or that the report will be fit for any particular purpose. This work is based on secondary market research, analysis of financial information available or provided to Bain & Company and a range of interviews with industry participants. Bain & Company has not independently verified any such information provided or available to Bain and makes no representation or warranty, express or implied, that such information is accurate or complete. Projected market and financial information, analyses and conclusions contained herein are based on the information described above and on Bain & Company’s judgment, and should not be construed as definitive forecasts or guarantees of future performance or results. The information and analysis herein do not constitute advice of any kind, are not intended to be used for investment purposes, and neither Bain & Company nor any of its subsidiaries or their respective officers, directors, shareholders, employees or agents accept any responsibility or liability with respect to the use of or reliance on any information or analysis contained in this document.
    [Show full text]
  • Corporate Summary
    RETAIL PARKS PORTFOLIO 7 August 2008 UK Abbey Retail Park, Newtownabbey, Belfast The scheme is located approximately three miles north of Belfast City Centre in an established retail location adjacent Size: 23,400m² to the Abbey Centre and a new flagship Marks & Spencer No of tenants: 5 store. The scheme is currently let at rents of between Ownership: Hammerson 100% £100/m² and £180/m². Proposals have been prepared for Main tenants: Tesco, B&Q an extension of the scheme to provide six new retail Tenure: Leasehold warehouse units. Planning: Part Open A1, part bulky goods Average rent: £140/m² Battery Retail Park, Birmingham Built in 1990, Battery Retail Park is located four miles to the South West of Birmingham City Centre. The park currently Size: 12,600m² consists of seven units and planning permission has been No of tenants: 7 obtained to build a further 900m² unit, which has been let to Ownership: Hammerson 25%/TIAA-CREF 75% Next. The extension will be completed in September and is Main tenants: B&Q, Currys, Homebase, PC World expected to open in November. Tenure: Leasehold Planning: Open A1 and restaurants Average rent: £285/m² Brent South Shopping Park, London, NW2 Owned by Hammerson and Standard Life, Brent South Shopping Park was constructed in November 2004. The Size: 8,500m² scheme, which is located directly opposite Brent Cross No of tenants: 9 Shopping Centre on the North Circular Road, is fully let. Ownership: Hammerson 41%/Standard Life 59% Main tenants: Arcadia, Borders, Next, TK Maxx, Tenure: Freehold Planning: Mainly open A1 Average rent: £505/m² Central Retail Park, Falkirk The scheme is anchored by a Tesco superstore and incorporates a 3,900m² Cineworld cinema and a 2,335m² Size: 37,200m² Ballantyne’s Health Club.
    [Show full text]
  • Statement from Sir Terence Conran's Family
    Statement from Sir Terence Conran’s family 12 September 2020 "It is with great sadness we announce British designer, retailer and restaurateur Sir Terence Conran passed away peacefully today at his Barton Court home aged 88. He was a visionary who enjoyed an extraordinary life and career that revolutionised the way we live in Britain. A proud patriot, Sir Terence promoted the best of British design, culture and the arts around the world and at the heart of everything he did was a very simple belief that good design improves the quality of people's lives. From the late forties to the present day, his energy and creativity thrived in his shops, restaurants, bars, cafes and hotels and through his many design, architecture and furniture making businesses. Founding The Design Museum in London was one of his proudest moments and through its 1 endeavours he remained a relentless champion of the importance of education to young people in the creative industries. Sir Terence enjoyed a remarkable life to the full and always maintained that his work never felt like a job - everything he did for business he would have done for pleasure. In his private life he was adored by his family and friends and we will miss him dearly. It gives us great comfort to know that many of you will mourn with us but we ask that you celebrate Terence's extraordinary legacy and contribution to the country he loved so dearly." – ENDS – CLICK HERE FOR PRESS IMAGES CLICK HERE FOR BIOGRAPHY CLICK HERE FOR DESIGN TIMELINE Notes to Editor PRESS ENQUIRIES: Matt Riches E: [email protected] M: +44 (0)7812 072 759 Rioco Green, Senior Media & PR Manager, the Design Museum E: [email protected] M: +44 (0)7801 355012 BIOGRAPHY 1931 Born in Kingston upon Thames 1948 Enrolled in Central School of Arts & Crafts 1949 Shared a studio in London’s East End with Eduardo Paolozzi.
    [Show full text]
  • DTZ Ukraine Retail in the Regions
    DTZ Ukraine 2013 DTZ Ukraine Retail in the Regions Established London, 1784 Established Kyiv, 1994 Kyiv Population 2 844 000 inhabitants Major existing multi-tenant retail centres in Kyiv Major pipeline multi-tenant retail centres in Kyiv Project Delivery Size (sq m) Project Delivery Size (sq m) 1. Dream Town 2009 / 2011 (in phases) 90 860 15. Respublika 2014 139 000 2. Ocean Plaza* 2012 72 200 16. Lavina Mall 2015 115 000 3. Sky Mall* 2007 / 2010 66 000 17. Retroville 2015 82 700 (in phases) 18. KyivMall 2015-2016 75 400 4. Gulliver 2013 45 500 19. Kvadrat Vyrlytsa 2015-2016 75 000 5. Marmelade 2013 40 000 20. Manhattan Mall 2015-2016 69 200 6. Karavan Megastore 2004 / 2005/ 2008 37 700 (in phases) 21. Blockbuster Mall 2014-2015 66 370 7. Bilshovyk 2007 / 2008 36 200 22. Petrivka Mall 2015-2016 61 800 8. Promenada Centre 2004 / 2007 30 000 23. Hartz 2015-2016 57 000 9. RayON 2012 23 000 24. River Mall 2015 49 070 10. Domosfera* 2009 21 600 25. Retail and leisure centre 2015 / 2016 48 000 on Zdolbunivska Str. (in phases) 11. Magellan 2004 21 000 26. Lukyanivka Mall 2015-2016 45 000 12. Ukrayina 2003 (reconstruction) 20 800 Department Store 27. Happy Mall 2014-2015 42 500 13. Globus 2002 / 2003 (in phases) 18 600 28. Prospekt 2014 40 390 14. Manufaktura outlet village 2013 18 200 29. Art Mall 2013 36 750 * extension planned 30. Atmosphere 2014 30 000 31. TSUM 2015 (reconstruction) 22 500 Supply & Demand Rents Total modern retail stock in the city amounted to During the period from October 2011 to around 1,280,000 sq m (GLA) in late October 2013, or October 2013 inclusive, average monthly rents in 449 sq m (GLA) per 1,000 inhabitants.
    [Show full text]
  • The Impact of Design on Corporate Performance
    The Impact of Design on Stock Market Performance An Analysis of UK Quoted Companies 1994-2003 February 2004 © Design Council February 2004 Contents 1 Foreword 1 2 Main Findings 2 2.1 Overview 2 2.2 Performance Commentary 3 3 Methodology 6 3.1 General Approach 6 3.2 Award and Nomination Schemes 6 3.3 Other Selection Issues 9 3.4 Index Calculation 10 Charts and Tables Chart 1: Performance over ten years 1994-2003 2 Table 1: Portfolio performance against market indices 3 Table 2: Highs and lows of portfolio performance 4 Table 3: Award and nomination schemes 7 Table 4: The standard design categories 8 Table 5: Number of companies included with the portfolios 9 Appendices Appendix 1: Earlier Studies of the Influence of Design on Share 12 Price Performance Appendix 2: Portfolio Companies 14 Design Portfolio 14 Emerging Portfolio 15 Appendix 3: Portfolio Performance, Large Format Charts 16 Chart 1: Full Period Performance 1994-2003 17 Chart 2: Bull Market Performance - 27 March 1995 to 27 March 2000 18 Chart 3: Bear Market Performance - 27 March 2000 to 31 March 2003 19 Chart 4: Recovery Performance - 31 March 2003 to 29 December 2003 20 © Design Council February 2004 1 Foreword Design is a critical component of business performance. We’ve heard designers, commentators and companies say it. But, to date, the evidence for the link between shareholder return and investment in design has been scarce and anecdotal. Companies the world over spend billions every year on design, from product development and packaging to web design and branding.
    [Show full text]