“Friends with benefits” is how a specialist retail leasing adviser has described the relationship between some franchisors and major property owners, with the franchisee often left out of the loop.
NEWS POST
The NAB Index may have some bad news for retailers
The NAB’s cashless retail sales index is highly regarded as one of the more accurate reports when it comes to predicting the results of the Australian Bureau of Statistics (ABS) own finding on the nation’s economy.
Online retail has taken a dive: NAB report
The NAB’s cashless retail sales index is highly regarded as one of the more accurate reports when it comes to predicting the results of the Australian Bureau of Statistics (ABS) own finding on the nation’s economy.
Australian retail: officially in recession
To better understand how this decline had accelerated, one can also look at how retailers were behaving four years ago. Another retail survey by Macquarie Wealth Management notes a very steep contrast, as evidenced by the radical shift in attitude towards expanding floor space in stores.
Rents putting pressure on already stressed pharmacies
Pharmacy business owners should be renegotiating lower rents in line with sales decline and shopping centre values, says Phil Chapman, director of retail leasing authority Lease1.
Time to talk about lease arrangements
Retail rental expert, Phil Chapman, of Lease1, noted that the valuations across the Australian real estate market in decline, and shopping centre’s experiencing a sharp drop in values, pharmacies could have an opportunity to secure an improved deal on their rent.
Retailers are highly advised to renegotiate lease
As a result, there is still hope that the position of shopping centre landlords can be strengthened while also offering a better deal. Vicinity, in particular, seeks to full advantage of these developments and issue new bonds.
Woolworths divests Endeavour – preparing for Kaufland?
“It is clear that the Big 2 are preparing for the new wave of competition from foreign giant Kaufland. Retailers who rely on supermarket traffic need to be aware that the pressure is building.”
Big banks to roll out blockchain lease solution to help retailers
Despite the innovations of today’s digitally empowered business practices, retailers in Australia continue to struggle with laggard processes like obtaining bank guarantees for their leases.