article thumbnail

Melbourne shopping strip vacancies close to long-term lows

Inside Retail

Shopping strips across Melbourne are experiencing lower than average vacancy-rates, which could be due to more people working from home. According to the latest Walk the Strip report from Fitzroys, there has also been a notable increase in food and beverage, service retail, and specialty retail across these local shopping precincts.

Shopping 246
article thumbnail

Supermarkets and ARA defend industry after ACCC inquiry findings

Inside Retail

We believe the Australian grocery sector remains highly competitive, with a growing number of physical and online shopping alternatives, said ARA chief industry affairs officer Fleur Brown.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oreana sells Kallo Town Centre for $64.5 million

Inside Retail

The shopping centre spans over 7000sqm and has a 12-year lease agreement with Woolworths. It also leases to 19 specialty retailers, medical/pharmacy, a gym, childcare centre and fuel station. million appeared first on Inside Retail Australia. The sale represents a 5.98 per cent yield for Oreana.

article thumbnail

Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

Social commerce and live shopping. Browsing and shopping directly on social media platforms has long been a hallmark of e-commerce in China, now, it’s finally coming to Australia. Half of the GTV of e-commerce in China now comes from live shopping. Live shopping is essentially the modern-day, more sophisticated version of TVSN.

Shopping 264
article thumbnail

Aldi to open its first Townsville store

Inside Retail

In partnership with Dexus – property manager of Wilsons – the supermarket has signed a lease for a 2252sqm space at the Willows Shopping Centre and will offer shoppers a range of grocery products, fresh produce, and bread delivered daily.

article thumbnail

Suburban shopping strips are struggling, but they still have time to evolve

Inside Retail

Shopping strips are facing increasing challenges, and not just because of retail competition. While there is still a lingering Covid shadow on some shopping strips, including those in capital city central business districts (CBDs), other factors are impacting the viability of suburban retail precincts.

Shopping 130
article thumbnail

Simon Property Group’s growth continues as co-founder Herb Simon retires

Inside Retail

Rents still heading up but sales productivity is treading water Sales productivity is still marooned: at Simons domestic malls and premium outlets, specialty retailer sales per square metre were $7951 in 2024, down from $8016 per square metre in 2023. They are getting good reviews.