Retailers are eyeing Brantano’s estate after it collapsed into administration last week, but how attractive are the store locations?
We take a detailed quantitative view of Brantano’s estate with figures provided exclusively by the Local Data Company.
Health Index rating
The Health Index calculates the health of a location by comparing the site to the UK average for a variety of variables that include the area’s vacancy rate, long-term vacancy rate, dwell time (percentage of food and beverage outlets), number of anchor retailers and the provision of a cinema. These are all factors that impact the retail performance of an area.
The majority of Brantano’s store network has a Health Index rating of six, the average UK score. 30 stores are located in areas with a Health Index rating of four or less out of nine.
List of potential occupiers for Brantano stores
|Tapi Carpets & Floors||Tapi Carpets & Floors Limited||Floor coverings|
|Sports Direct||Mash Holdings Limited||Sports goods shops|
|B&M Home Store||B&M Retail Ltd||Discount store|
|Bargain Buys||Poundworld Retail Holdings Limited||Discount store|
|Poundland||Poundland Group PLC||Discount store|
|Home Bargains||T.J. Morris Ltd||Discount store|
|B&M Bargains||B&M Retail Ltd||Discount store|
|Pets At Home||Pets At Home Group PLC||Pet shops|
|Smyths Toys UK Ltd||Smyths Toys UK Ltd||Toy shops|
|Maplin||Maplin Electronics Ltd||Electrical goods & home entertainment|
|Dunelm Mill||Dunelm (Soft Furnishings) Limited||Soft furnishings|
• Large percentage of their exiting estate is located on retail parks
• Positive growth in the number of stores in the last 12 months (openings are greater than closures)
• Similar floorspace requirements to the existing Brantano stores
Data on which this report is based is collected by physically visiting town centres and out-of-town locations across the UK.
650 major UK towns, 898 shopping centres and 1,234 retail parks are updated on a six- or 12-month cycle.
The Health Index was developed by Local Data Company and Morgan Stanley, looking at the attractiveness of a retail location. Anchor retailers refer to a list of specified retailers which make a location more attractive. The index has several variables which are used to give a rating between one and nine, these are explained below:
|Population density||Population size comapred to the number of units|
|Vacancy rate||Vacant units as a proportion to total units compared to UK average for retail type e.g. Retail parks GB vacancy is 9.8%, a rate of 11.0 at a park would carry a score of -3|
|Persistent vacancy||Number of vacant units vacant for longer than one year|
|Proportion of charity shops||% of units occupied by charity shops compared to the UK average (+2.3% equals to -2 points)|
|Presence of Anchor retailers||Point for every anchor retailer from a pre-selected list (e.g. Curry PC World, Next, M&S etc.)|
|Movement of anchor retailers broken down into opening and closing||Plus or minus a point for every anchor retailer who has arrived or closed in the last 24 months|
|Dwell time||% of leisure units in the retail location compared to the GUK average (-4.1% difference equals -4 points)|
|Department stores||Three points for every department store in the retail location|
|Cinema score||Three points for every cinema in the retail location|