Author Archives for Ange
January 16, 2020 1:18 am
Published by Ange
We were all informed yesterday that clothing retailer Jeanswest has entered voluntary administration, due to the difficult trading conditions facing the clothing retail market in Australia. LeaseWise have been voicing that the market cannot sustain the amount of retail we have with all of the disruption coming from online competition, occupancy costs, retail saturation, wage...
December 13, 2019 6:16 am
Published by Ange
What to make of the Harris Scarfe collapse? And is Allegro Funds the victim or the villain? Here’s what we know: the Sydney-based private equity firm took effective control of the troubled Harris Scarfe, along with the Best & Less and Postie chains, on December 2. Just nine days later, Allegro Funds called in Deloitte Restructuring Services...
September 16, 2019 11:21 pm
Published by Ange
For 2 years now, Leasewise have been warning of the need for a reduction in rent. If a recent JLL survey of Centre Managers is to be believed, one may be on the cards soon. 47% of Centre Managers interviewed expect rents to decline over the next 12 months. In particular, the lack of confidence...
April 12, 2019 4:43 am
Published by Ange
https://mailchi.mp/3594aec7b2f5/leasewise-market-update-2019?e=3b26d06dfe
February 21, 2019 10:53 pm
Published by Ange
We sit so high on the city walls Our tears wash clean the cobblestones It’s not so much that the thrill is gone Just a cleaner, sweeter, brighter thrill has come along – Bernard Fanning To read the retail headlines, on occasion, in ours and in other countries, is to read the story of a...
February 5, 2019 4:41 am
Published by Ange
Less than a week after entering voluntary administration, beauty brand Napoleon Perdis has announced the closure of half of its stores. The decision was made after administrators at Worrells Solvency spent the weekend assessing each store’s performance and position in the market. Twenty-eight of the 56 national stores were deemed unnecessary and shuttered on 4...
January 17, 2019 5:41 am
Published by Ange
Struggling menswear chain Ed Harry has been placed in voluntary administration following poor Christmas sales, putting about 500 jobs at risk. Accounting firm KPMG’s Brendan Richards and Gayle Dickerson have been appointed voluntary administrators. Ed Harry, which was established in 1993 and relaunched in 2011, operates 87 stores across all Australian mainland states and territories and...
November 26, 2018 4:37 am
Published by Ange
Retailers in NSW will have the ability to access information on sales reporting and occupancy costs from shopping centre landlords, improving transparency and accountability as of January 1, 2019. The change comes as a result of a partnership between the Australian Retailers Association, the Pharmacy Guild of Australia and several other industry bodies that have...
November 15, 2018 5:55 am
Published by Ange
Despite a final flurry of activity, as customers reportedly rushed into stores to scoop up men’s suits on markdown, Roger David, Australia’s third-largest specialty menswear retailer, will close for good in a matter of weeks. The 76-year-old retailer appointed administrators last month, citing its inability to compete with the influx of multinational retailers and the...
November 13, 2018 4:05 am
Published by Ange
Australian households are spending more on food, transport and recreation than they have in the past and reducing retail spending, according to Commonwealth Bank’s new Household Satisfaction Index. Of the $57,000 that the average household spends per year (excluding rent and mortgage payments), over 22 per cent goes to food, over 17 per cent goes...
