LeaseWise News

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…

With no buyers biting, Roger David will close within weeks

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…

Retail on the wrong end of household spending shift

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…

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