Choosing the right location is crucial for success, whether you're expanding a supermarket chain or opening a convenience store in today's competitive retail market
The success of any retail operation hinges on one critical factor…
Location.
Whether expanding a supermarket chain or launching a convenience store, selecting the right site can be the difference between thriving and surviving in today's competitive retail landscape.
Major retailers (and Searchland users) like Asda are continuously expanding their presence across the UK. This rate of expansion requires a constant flow of potential new sites.
Asda’s success stems from a deep understanding of location strategy that combines demographic analysis with practical site requirements.
Selecting the perfect retail location starts with understanding your target market. Leading supermarkets typically look for primary catchment areas with populations of 20,000 or more, while convenience stores might focus on smaller catchments of 12,000+.
But it's about more than just numbers - the demographic profile needs to match your retail offering.
The good news… Our new demographics tool can help you quickly unearth the data you need to determine which areas have a suitable catchment for your future retail project. Here’s a quick look at what you can do with this new tool:
Visualise demographics on a map: Overlay demographic data on maps and toggle layers to focus on specific insights.
Deep dive into specific areas: Click on areas of interest to access detailed demographic data.
Customisable metrics and charts: Choose and reorder metrics (e.g., age, income, country of birth) for tailored analysis.
Graph customisation: Adjust graphs for optimal data presentation.
Filter searches by demographics: Use demographic filters in the Sourcing tool or when reviewing titles.
Multi-scale comparisons: Compare demographic data across geographic scales simultaneously.
Choosing the ideal retail location has never been easier thanks to our new demographics tool.
Modern retail developments require careful consideration of physical space. Supermarket chains like Lidl typically seek sites of 1.5+ acres or more, allowing for between 18,000 and 26,500 sq ft stores and essential customer parking (usually 100+ spaces at ground level). Lidl’s flexible approach means it can consider freehold, leasehold or long leasehold opportunities.
These locations offer the greatest flexibility for development and typically provide the most spacious shopping experience for customers. They're suitable for larger stores and retail warehouses where space and accessibility are paramount.
Suitable standalone site locations:
Being part of a retail park significantly boosts footfall via cross-shopping opportunities. Retail parks are a good option for mid-sized retail operations because they have established infrastructure and shared parking facilities.
Suitable retail park locations:
City centre locations require a different approach. With space at a premium, retailers have developed flexible formats such as smaller “express” stores to serve dense urban populations. These sites offer convenience and accessibility by public transport.
Suitable urban locations:
Property types to be considered:
Mixed-Use Development
A new type of retail development that includes transformational redevelopment of existing brownfield sites. These developments create mixed-use residential and retail spaces.
Asda has unveiled plans for the redevelopment of its 10-acre Park Royal site in North West London. The project includes plans for a new 60,000 sq. ft Asda superstore flagship Asda superstore, 400 car parking spaces, 1500 new homes, and a new town centre for the local community.
When considering a retail location, assess potential future developments in the area. Local planning guides can provide valuable insights into upcoming residential developments that could potentially expand your customer base.
According to the British Retail Consortium, accessibility remains one of the top factors in retail success. Key considerations include:
Modern retail site selection requires sophisticated data analysis. The integration of land & property data tools has revolutionised how retailers approach this process.
Searchland's platform uses this advanced technology to help retailers:
In addition, Searchland’s new AI capabilities can be used to analyse thousands of data points including factors like local planning policies, planning restrictions, and economic indicators faster than ever before.
This comprehensive approach lets retailers confidently make data-driven decisions and reduces the risk of costly location mistakes.
For retailers planning logistics operations like warehouses, site requirements differ significantly from retail locations. Key factors include:
The perfect retail locations combine favourable demographics, practical site characteristics and future growth potential. Data analysis remains crucial, but local market knowledge remains invaluable in making an optimal final decision.
Are you ready to use Searchland’s advanced data analytics and mapping tools to source your next retail site?
Book a demo with Searchland today and discover how our platform can help you find your next perfect location.
One of our experts can walk you through the platform in a live session, one-to-one.