LeaseWise News

LEASEWISE MARKET UPDATE | EOFY 2019

Well, well, well. We’ve reached the end of the financial year for 2019 and what a year it has been! In a word? Volatile. ‘Reshaping,’ -as the industry likes to call it- climbed 6% while New Sites fell by 10% compared to the first half of the financial year. Sounds rather gloomy, no? What the stats…

Retail Lease Negotiation: A Beginner’s Guide

Retail lease negotiation is rarely an enjoyable process. Even the sentence is boring. Unfortunately for retailers, it is an uncomfortable but necessary part of every business. If you don’t get it right, it can have a huge snowball effect on your business. Here at Leasewise, we have over 20 years of retail leasing experience and…

Surviving a retail recession: Make your lease work for you

A recession in the retail industry brings with it the need for a change in retail leasing mentality, or a ‘retail lease reset’. The current retail environment The last few months have seen some dire forecasts for the Australian economy come to fruition, as the economy slumped to a per-capita recession in May. Initially, this…

CLIENT SPOTLIGHT: Soul Origin

Here at Leasewise, we’re privileged to work with some of the finest up-and-coming and established businesses in the Australian retail lease landscape. Over the next few months, we’ll shine the spotlight on just a few of them to help understand what makes them so successful. First up is Soul Origin, who have been a client…

Leasewise Market Update 2019- Newsletter

https://mailchi.mp/3594aec7b2f5/leasewise-market-update-2019?e=3b26d06dfe

Big W not that big

The current economic environment is taking no prisoners. Already in the last 12 months we’ve seen the collapse of such retail stalwarts as Roger David and Ed Harry and now, on the back of sustained losses over the past 18 months, Big W is being forced to close 30 of its stores over the next…

The truth about physical store closures in retail

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…

Napoleon Perdis closes half of its stores

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…

Menswear retailer Ed Harry enters voluntary administration

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…

Lease changes to give NSW retailers access to better data

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…

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