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Insider UK
Insider UK
Business
Hamish Burns

Mall marketing firm Spaceandpeople plans pop-up shops for empty units

Glasgow-based marketing specialist SpaceandPeople is working to fill empty shopping centre units with pop-up stores.

The company, which manages promotional and retail space at high footfall venues, said it was also preparing "enlivenment activity" for vacant spots.

The move comes as fears grow that many already struggling retailers may go out of business before the coronavirus lockdown is lifted.

All of the shopping centres where Spaceandpeople works in the UK, Germany and India have closed and most of its staff have been furloughed.

In a business update, the company said: "During this period, management have been consulting with both our retail and property clients and have developed a number of products and initiatives.

"These will assist in both filling vacant retail units with pop up retailers and creating enlivenment activity in vacant space. This will position us at the forefront of the recovery of venue vibrancy as soon as restrictions are eased. These proposals have been well received and a number of projects are being actively considered at this time."

Spacenandpeople added that its application for an extra £1million of lending from its principal banker through the CBIL scheme had been approved. But its preliminary 2019 results have been postponed until the money is received and the financial position is clearer.

It added: "When this additional lending has been received, the Board will have greater certainty about the future trading of the business."

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