LeaseWise News

Kathmandu to acquire Rip Curl

From its humble beginnings in a shed in Torquay back in 1969, Rip Curl has established itself as one of the premier surfing companies in the world. Having already established itself as a force in Australia, sponsoring some of the world’s best surfers over the past few decades has allowed Rip Curl to expand across…

The Death of the Department?

If NAB forecast are to be believed (as opposed to a slightly more optimistic outlook from the Commonwealth) physical retail in Australia is on the brink of recession. While it’s obvious to most that retail, and indeed, the economy in general are struggling, how much of this is due to the entire sector struggling, and…

The Retail Outlook & Crystal Ball Gazing

Each month sees roughly $27 billion flow through retail sales. A fair proportion of this slides through the fingers of two of Australia’s biggest banks; the NAB and the CBA. Understandably, then, retailers and economic forecasters often turn to these two (amongst others) for an indication of what the future holds. To do so this…

Rental Reset Looms for Retail Industry

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…

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…

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