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bricks and mortar

This tag is associated with 40 posts

7 Feb 2020 (AFR) – ‘Retail is not dead’: Larry Kestelman toasts Grand leasing success

(7 February 2020, AFR, p34, Larry Schlesinger, Reporter) ‘Financial Review Rich Lister Larry Kestelman says bricks-and-mortar retailing “is not dead” after leasing up almost all 6000sq m of retail space at the foot of Capitol Grand, his glitzy $700 million high-rise development nearing completion on the corner of Chapel Street and Toorak Road in Melbourne’s … Continue reading

23 Jan 2020 (AFR) – ‘Stores are not dead’ – online and Amazon threat overplayed, says UBS

(23 January 2020, AFR, p15, Sue Mitchell, Senior Reporter) ‘Online retailing is forecast to account for about 12 per cent of retail sales in four years, but the shift away from bricks and mortar stores may not be as disruptive as once feared. Shares in major retailers, including Super Retail Group, JB Hi-Fi and Myer, … Continue reading

14 Dec 2019 (AFR) – Black Friday boosts traffic online and in stores

(14 December 2019, AFR, p27, Sue Mitchell, Senior Reporter) ‘Black Friday boosted traffic online and in stores and the growth has continued into December, but may lead to soft clearance sales on Boxing Day and in January. According to analysis by Citigroup, online traffic for major Australian retailers rose about 30 per cent to 40 … Continue reading

6 Dec 2019 (AFR) – Hopes pinned on sales as retail ‘stuck in neutral’

(6 December 2019, AFR, p7, Matthew Cranston, Economics correspondent) ‘Black Friday, Cyber Monday and Christmas retail sales are the new hope for economists after October sales figures showed no growth, adding further concerns about weak consumption and a slow economy.’ <snipped…> ‘Seasonally adjusted retail sales were flat in October, disappointing economists who had expected 0.3 … Continue reading

29 Nov 2019 (AFR) – Retail bricks and mortar: Womenswear retailer Bardot joins fashion victims

(29 November 2019, AFR, p19, Sue Mitchell, Senior Reporter) ‘Fast fashion retailer Bardot has become the latest victim of weak retail spending and increasing competition from global and online retailers, falling into administration on Thursday. Brendan Richards and Ryan Eagle of KPMG were appointed voluntary administrators and have appointed Deloitte Corporate Finance to look for … Continue reading

24 Oct 2019 (AFR) – Temple & Webster hits its stride as furniture, homewares shift online

(24 October 2019, AFR, p19, Sue Mitchell, Senior Reporter) ‘Temple & Webster has clocked up its strongest sales growth since listing almost four years ago as Millennials and budget-conscious first home buyers shop for more of their furniture and homewares online. While Nick Scali’s like-for-like store sales have fallen 8 per cent in the year … Continue reading

17 Oct 2019 (AFR) – Changing delivery demands put retail sites at risk

(17 October 2019, AFR, p28, Michael Bleby, Senior Reporter) ‘Retail landlords face the prospect of more tenants going to the wall as online sales grow faster than many retailers can reconfigure their sites to respond, rendering stores unprofitable and making them likely to close, consultancy EY warns. Online will account for 19 per cent of … Continue reading

9 Sept 2019 (TheAge) – ‘On a good wicket’: Online sales a bright spot for dejected retailers

(9 September 2019, The Age, p12, By Dominic Powell) ‘Australia’s biggest retailers, such as Coles, Woolworths and JB Hi-Fi, have grown their online sales by more than 20 per cent in the past financial year, creating a bright spot in an otherwise gloomy trading environment. Online sales at electronics retailer JB Hi-Fi jumped 23 per … Continue reading

14 Aug 2019 (AFR) – Retail woes blow through iconic Melbourne strips

(14 August 2019, AFR, p29, Larry Schlesinger, Reporter) ‘Once a lively melting pot of espresso-sipping mobsters and pasta-eating hipsters, Melbourne’s Lygon Street has become the unfortunate new poster child for the ill winds blowing through the retail sector. New figures show the vacancy rate on Lygon Street on the fringe of the Melbourne CBD has … Continue reading

13 Aug 2019 (AFR) – JB Hi-Fi busts the big retail myth

(13 August 2019, AFR p32, James Thomson, Chanticleer) ‘Yet another set of good results from JB H-Fi have been delivered despite some dramatic shifts in both the retail sector and the consumer electronics industry. There’s a sort of ruthless efficiency to the JB H-Fi retail machine. Year in, year out, the company produces results that … Continue reading

3 Aug 2019 (AFR) – Department stores no longer a ‘destination’

(3 August 2019, AFR, p6, Simon Evans and Tim Boyd) ‘David Jones and Myer need to move faster in closing and shrinking their stores as spending rapidly shifted online, warned experts who said the appeal of being a ”destination” faded years ago. The malaise in department stores was reinforced on Friday when Australian Bureau of … Continue reading

19 June 2019 (AFR) – Bricks-and-mortar retail future bright: Colliers

(19 June 2019, AFR, p36, Larry Schlesinger, Reporter) ‘Despite rising vacancy rates and falling rents, bricks-and-mortar retail stores have a strong future in Australia, commercial real estate group Colliers International has asserted in its latest market outlook report. The group’s Retail Research and Forecast Report for the first half of 2019 shows only a handful … Continue reading

1 March 2019 (TheAge) – There’s no end in sight to flat retail conditions, warns Gerry Harvey

(1 March 2019, The Age, Business, p21, by Patrick Hatch) ‘Retail veteran Gerry Harvey has warned there is no end in sight to the economic headwinds that are battering consumer confidence and in turn causing a slowdown at the nation’s cash registers, saying his hopes remain pinned on overseas investments to deliver growth.’ Read more … Continue reading

30 Jan 2019 (AFR) – Tesco to cut thousands of jobs as part of wide-ranging corporate overhaul

(30 January 2019, AFR, p25, by: Josephine Cumbo and Jonathan Eley) ‘London | Tesco plans to slash thousands of jobs as the UK’s largest supermarket group embarks on a shake-up to cut costs in the face of intense competition. Tesco said on Monday that about 9000 positions were at risk as it reviewed in-store fresh food … Continue reading

24 Jan 2019 (AFR) – Retail foot traffic falls again in January following worst December on record

(24 January 2019, AFR, p17, by Sue Mitchell) ‘Foot traffic in retail stores continued to fall in January after the worst December on record, dragging down same-store sales at under-pressure discretionary retailers and auguring poorly for the sector this year. Foot traffic fell 4 per cent in the first week of January, year on year, … Continue reading

23 Jan 2019 (AFR) – Australia faces a Brit-style meltdown in retail property values

(23 January 2019, AFR, p32, by Nick Lenaghan) ‘Australia’s retail landlords are the facing the same kind of major devaluing of their assets that is now weighing on the UK market, according to a major British investment manager, Fidelity International. In a research paper entitled Retail’s fall from grace, Fidelity’s team warn that British retail … Continue reading

11 Jan 2019 (TheAge) – Christmas sales better than expected for Noni B

[COMMENT: A number of news reports of the Christmas shopping period indicate disappointing sales for many retailers, but not this one.] (11 January 2019, The Age, Business, p20, by Patrick Hatch) ‘Mid-market women’s fashion retailer Noni B has upgraded its half-year profit guidance after seeing better than expected Christmas sales. The group, which also owns … Continue reading

9 Jan 2019 (AFR) – Retailers stuck as shoppers stay home

[COMMENT: We continue to see news reports of bricks-and-mortar retailers struggling in recent months, and over the Christmas period. So is this just a reflection of the current economy, or is this the trend for these stores as shoppers move more to online shopping?] (9 January 2019, AFR, p15, by Bo Seo) ‘Retailers are scrambling … Continue reading

9 Jan 2019 (AFR) – Kathmandu down… is The Reject Shop next?

(9 January 2019, AFR, p14, by Sarah Thompson and Anthony Macdonald) ‘Earnings downgrades rarely happen in isolation. One in a particular sector will often bring a second, while one at a company will often be followed up with another in the not too distant future. So fund managers are on high alert following Kathmandu’s softer … Continue reading

7 Dec 2018 (TheAge) – Retail boosted by fashion and online sales

(7 December 2018, The Age, Business, p30, By Charlotte Grieve) ‘Shoppers outlaid more on clothes and shoes, offsetting lower spending on eating out and takeaways to lift retail sales 0.3 per cent in October, but economists warn consumers will further tighten their belts next year. Seasonally adjusted retail spending was $26.99 billion, up from $26.89 … Continue reading

4 Dec 2018 (AFR) – Slowdown hits third of smaller malls as e-commerce bites: Little Guns report

(4 December 2018, AFR, p31, by Nick Lenaghan) ‘One-third of the country’s sub-regional shopping centres failed to increase their annual turnover in the past year as the retail sector faces pressure from disruption and a cyclical slowdown. Sub-regional malls, defined as those with between 20,000 square metres and 50,000sq m in retail space, are often … Continue reading

4 Dec 2018 (TheAge) – Laura Ashley collapses for the second time in two years

(4 December 2018, The Age, Business, p25, by Patrick Hatch) ‘British homeware and fashion brand Laura Ashley’s Australian business has gone into administration – the second time it has collapsed in two just years. The company appointed KordaMentha as voluntary administrators on Monday, which has put its 18 stores and the licence to operate the … Continue reading

14 June 2018 (AFR) – Owners of failing (US) malls ‘on their knees’ as buyers disappear

(14 June 2018, AFR, p31, by Sarah Mulholland) ‘Landlords have malls they’d like to unload. But who’d want to buy them? As they battle the rise of e-commerce, US mall owners are trying to clear their books of fading centres so they can focus on the most profitable ones. That’s proving difficult, with just a … Continue reading

13 Jan 2018 (AFR) – Retailers in epic fight – Landlords feel the power of online disruption

(13 January 2018, AFR, p40, by Tony Boyd) ‘Shopping centre landlords are starting to feel the disruptive power of online shopping as an increasing number of troubled retailers rebel against exorbitant rents. Bricks and mortar retailers hit by changing consumer shopping habits say they can no longer afford to meet lease commitments with built in … Continue reading

11 Jan 2018 (AFR) – Online sales enjoy highest growth since 2014: NAB Online Retail Sales Index

(11 January 2018, AFR, p18, by Julie-anne Sprague) ‘Online retail sales have surged the most since December 2014, with the trend to buy via the web much stronger than this time last year, according to the NAB Online Retail Sales Index (NORSI). Data released by NAB on Wednesday showed online sales jumped 4.7 per cent … Continue reading

9 Jan 2018 (AFR) – Amazon launch didn’t impact retail Christmas sales – Last-minute shopping spree rescues retailers’ Christmas

(9 January 2018, AFR, p2, by Jenny Wiggins) ‘Retail sales were “solid” over Christmas with retailers reporting minimal impact from the launch of US online giant Amazon, analysts say after dissecting the festive shopping season. Despite fears that Christmas shopping sales would be a “disaster” for many retailers after Amazon started shipping online in Australia … Continue reading

12 Dec 2017 (AFR) – Department stores set for decade-long tumble: Morningstar

(12 December 2017, AFR, p17, by Luke Misthos) ‘The number of bricks-and-mortar department stores will shrink by 26 per cent over the next 10 years, Morningstar predicts, singling out Wesfarmers’ Kmart as the best prepared for the decade ahead. Bricks-and-mortar sales will decrease by 2 per cent a year over the next decade, resulting in … Continue reading

27 Nov 2017 (AFR) – Wal-Mart’s clicks-and-mortar formula to fight Amazon

(27 November 2017, AFR, p12, by John Kehoe) ‘Amazon is decimating many American retailers, but one bricks and mortar chain is fighting back strongly and showing to Australian retailers that the e-commerce behemoth can be challenged. Wal-Mart Stores, the world’s largest retailer, is once again thriving after initially struggling to fend off Amazon.’ <snipped…> ‘Wal-Mart … Continue reading

14 Nov 2017 (AFR) – Amazon invests $700m for long-term success in Australia

(14 November 2017, AFR, p15, by Sue Mitchell) ‘Amazon has confirmed the fears of Australian retailers by claiming it is willing to sacrifice short-term returns to ensure long-term success as it prepares to invest $700 million in Australia over the next five years. Amazon‘s Australian country manager Rocco Braeuniger has left customers and consumers guessing … Continue reading

18 July 2017 (AFR) – As the Amazon effect gathers pace, is retail the next big short?

(18 July 2017, AFR, p25, by Robin Wigglesworth) ‘For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry.The reshaping of how Americans shop … Continue reading