Connect with us

Business

Retail smackdown: Few winners, many losers

Published

on

If you want to see a couple of industry sectors that are scared, threatened, and desperately trying to secure their own futures, check out the current stoush between shopping centre landlords and their retail tenants.

As the Financial Review captioned its story:

“Base rates for new leases have fallen by up to 20 per cent but big chains are pushing for turnover-based rents and resisting landlords’ claims for online sales.”

Now, I’m not going to pretend that either side is a homogenous group, or that there aren’t a decent number of ambit claims trying to take advantage of uncertainty and economic weakness…

… but let’s just say there’s a heck of a land-grab going on.

Retailers, according to the article, want to link…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Here’s why Microsoft just spent $19.7 billion to acquire nuance communications
Is it time to get your hopes up for the A2 Milk (ASX: A2M) share price?