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Melbourne shopping strip vacancies close to long-term lows

Inside Retail

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. This latest report follows an encouraging trend for business owners who occupy the city’s shopping strips.

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IRDC 2021: The Retail Rumba: Solutions for Specialty Retailers

VMS

Breakout Session: The Retail Rumba: Solutions for Specialty Retailers. Ready to take two steps forward—and maybe a step or two to the side—as a specialty retailer working closely with your customers? Register today for IRDC 2021 in Denver, Sept.

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Oreana sells Kallo Town Centre for $64.5 million

Inside Retail

It also leases to 19 specialty retailers, medical/pharmacy, a gym, childcare centre and fuel station. Oreana has sold Kallo Town Centre in Kalkallo, northern Melbourne to Region Group for $64.5 The shopping centre spans over 7000sqm and has a 12-year lease agreement with Woolworths. The sale represents a 5.98 per cent yield for Oreana.

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Munro Footwear Group acquires specialty kidswear retailer The Trybe

Inside Retail

Munro Footwear Group has bought specialty retailer The Trybe from The Accent Group, marking its 10th acquisition in 10 years. The Trybe has 16 stores and offers kids’ shoes from global brands such as Nike and Asics, as well as other popular on-trend and utility brands.

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Three sustainable retail start-ups to have on your radar

Inside Retail

The solution that will have the most impact in the world is the one that the most people will adopt, and convenience rules adoption, Smith told Inside Retail. Zero Cos next step is retail expansion. It aims to launch key product lines in supermarkets, pharmacies and specialty retailers later this year.

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Aldi to open its first Townsville store

Inside Retail

Aldi will join Woolworths, Coles, Big W, Rebel, JB Hi-Fi, TK Maxx, Cotton On Mega, Best & Less, and 130 specialty retailers at Willows, Townsville.

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Myer CEO and MD John King to retire

Inside Retail

King has more than 30 years of experience in retail across department stores, specialty retailing and premium global brands in the US and UK. When he took over the helm of Myer in 2018, it was losing sales and struggling.