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0.General, 1.Market Observations, 8.Was Sticky

30 Aug 2014 (AFR) – Low times on high street

[COMMENT: This lengthy story highlights what many people might have been thinking for some time now – that the internet has changed the retail industry landscape irretrievably and forever. With the sweeping trends to online shopping, the bricks and mortar stores now operate in a very different landscape. Read the full story for all the details.]

(30 August 2014, AFR, p18, Rebecca Thistleton and Larry Schlesinger)

‘A third-hand ’80s amp, a panda onesie and a well-thumbed, unauthorised biography of Prince William are scattered around inner Sydney’s King Street, in idiosyncratic stores sitting between second-hand dealers and vegan cafes. Even the tattoo ­parlour offers vegan ink.’

‘Among the shabby chic are more and more empty shop fronts – times are low on high street. A vacant store is a malignant cancer cell to a shopping strip. Where one forms others appear. The malaise spreads and is harder to beat.’

Read the full story at AFR.com (might need AFR login access)

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