LeaseWise News

Soul Origin opens 50th store

Health fast food brand, Soul Origin, has continued its rapid expansion with the opening of its 50th store last week and first Melbourne outlet as part of Chadstone’s new dining precinct. Owner Sherwin Djamil, a multi-site franchisee who also owns three Sydney based stores and is Soul Origin’s Franchisee of the Year for 2016, is excited…

The unveil of the “New” Chadstone Shopping Centre

Vicinity Centres will unveil the first and most significant phase of its $660 million revamp at Chadstone Shopping centre in Melbourne on Thursday. Over 60 new retail stores, two new dining precincts and a new state-of-the-art HOYTS cinema complex will open tomorrow, with Vicinity also unveiling the first glass gridshell roof in Australia. At completion of the…

Country Road acquires Politix

Politix has 75 stores, including 31 concessions across Australia and FY2016 sales of A$56 million. The proposed acquisition will be funded through internal resources and is expected to be immediately EPS accretive. Woolworths said the acquisition is consistent with WHL’s southern hemisphere strategy of building a strong and diversified portfolio of iconic brands. Politix will…

Soul Origin takes up the fight against queues

Award winning Sydney-based coffee and food franchise brand Soul Origin plans to boost their lunch time trade with the integration of their point of sale platform Shift8 and queue busting mobile app Beat the Q.

Why do retailers fail?

In our first post on the topic of failure, I gave an overview of what failure is, how we respond to it and how we should respond to it.

It’s amazing the difference optimism makes

According to the Australian Bureau of Statistics (ABS) all retail sales data dollars taken at retail in this country have not taken a backward step in rolling MAT terms since 2000.

Leasing Smarts

The past 12 months has seen the collapse of several high profile Australian retailers, all of whom have blamed ongoing rent hikes as a contributing factor to their demise.

The 3 most important things in retail

Ask anyone who is in retail what the three most important things are and they will invariably trot out the trite words, “position, position, and position”.

When the Lowys sell, the rest of us had better pay attention

A MOVE by the savvy Lowy family to dump its entire stake in Westfield Retail Trust raises questions about the future of the Australian retail market.
The Lowys made a fortune correctly picking retail trends.

The pros and cons of sub-leasing

What is a sub-lease?

A retail lease is a contract between the retailer and the landlord that specifies premises, their size, the amount of rent payable and a host of other items such as term (length of time), annual increases and many other clauses that relate to the day to day obligations and responsibilities for the premises. It is a contract.