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A Kennys Cardiology outlet closed by the landlord
The landlord moved and locked out the Kennys Cardiology operator at Robina Town Centre last week. The notice stuck to the shutter names the company holding the lease – a Kennys head office company as I...
View ArticleNewsagents: beware any who claim they can get you a better lease deal
I heard this week about a newsagent who relied on someone who claimed they could get a better lease deal and ended up paying more per square metre than a nearby competitor. The lease negotiator they...
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AFR story on retail tenancy incomplete
The AFR story yesterday on specialty stores recording 2.8% year on year revenue growth in shopping centres in Australia is incomplete as it did not record that these stores have been hit with at least...
View ArticleHow a retailer had their business ‘stolen’ from them by a franchise promoter...
I was contacted a few weeks ago by a retail business owner who wanted to tell their story about how they had their business “stolen” from them. Their lease was close to being up and the head of a...
View ArticleSunday newsagency challenge: be prepared to walk away
If your lease turns out to be too expensive for your business it is on you. You signed it, you accepted the terms. This is why, during a lease negotiation, you need to be prepared to walk away. Too...
View ArticleOxford Street Newsagency location still empty a year on
Taylor Square Newsagency closed a year ago. The shop remains vacant today. I wonder if the landlord now wishes they had taken a different approach to rent negotiation for an empty shop is an expensive...
View ArticleThe challenge of the permitted use clause in shopping centre leases
Major shopping centres can be fierce in their interpretation and regulation of permitted use clauses in leases. The permitted use clause details what you can sell or offer in your business. Some...
View ArticleWhat can newsagents do to achieve a better retail tenancy occupancy cost?
The usual go-to place for any discussion about reducing occupancy costs is the landlord. Retailers, including newsagents, blame their landlords for high occupancy costs. The thing is, we all sign our...
View ArticleA breach of trust: the theft of a newsagency business
A long term newsagency family with two businesses was finding things tough. They had been trying to negotiate a solution to an expensive lease in a shopping centre, relying on help from an advisor with...
View ArticleShopping centre landlords need to address the occupancy cost issue
Another newsagent is about to exit a major shopping centre in Melbourne following months of negotiations on rent. With an occupancy cost of 22% and a business gross profit of 34%, once you allow 12%...
View ArticleUnified industry lobbying of shopping centre landlords
This week, ALNA has lead discussions with the newsagency marketing groups Newspaper, nextra, newsXpress and The Lucky Charm to agree a unified approach to shopping centre landlords on challenges...
View ArticleWhy the national cabinet position is not sufficient help for retailers – SME...
While the decision of the national cabinet over a week ago on a mandatory code for retail tenancies of small to medium enterprises is welcome, it gets nowhere near addressing the urgent and dire...
View ArticleHow some retail landlords are misbehaving in dealing with COVID-19 relief...
Here is a list of information requested by some retail tenancy landlords, including some shopping centre landlords where tenants have registered for JobKeeper, advised they qualify for JobKeeper and...
View ArticleHow small business retail tenancy landlords are ignoring the national...
More and more landlords are pressuring independent small business retailers to provide information prior to them considering negotiating rent relief. It appears to be that these landlords are doing...
View ArticleLandlords demand secrecy from SME tenants as they continue to push back on...
Small business retailers can’t take a break in dealing with landlords over the collapse of retail traffic in shopping centres. Yesterday, several retailers told me that in addition to demands for...
View ArticleA retail tenancy win for small business in WA
Great news out of WA tonight with the state government announcing 3 months rent free for SMEs that have experiences a 30% decline in turnover. It is backdated to start from March 1, 2020. The...
View ArticleCOSBOA: The big landlord problem is now obvious for all to see – small...
The Council of Small Business Organisations of Australia, of which ALNA is an active member, is lobbying on behalf of small business retailers. Here is their complete release on this, a release that...
View ArticleWestfield locks out some retail tenants
The Nine papers late Thursday night reported actions by Westfield against some major tenants over unpaid rent. Westfield shopping mall owner Scentre has begun locking non-rent-paying retailers out of...
View ArticleIt’s October and Westfield is yet to provide tenant Covid relief
Yes, it is a challenging time being a Westfield tenant. Despite all their noise and a truckload of paperwork, nothing. Meanwhile, experience with local small business landlords is excellent.The post...
View ArticleRent relief extended for retailers in Victoria
Newsagents in Victoria need to know that the Covid rent relief measures put in place through the national cabinet earlier this year have been extended. Click here to access the details of this scheme....
View ArticleThere are signs major landlords are scrambling to appeal to newsagents
Newsagents in two different large capital city shopping centres received revised offers from their respective landlords last week to entice them to stay in the centre. In each case their lease was...
View ArticleUS landlords claiming online sales as in-store revenue for rent calculation
The Wall Street Journal is reporting that some US landlords are demanding retailers report online sales as part of store revenue. Retailers and Landlords Clash Over What Counts as a Sale Rents based...
View ArticleThis ABC story about Pearcedale Hardware is a must-read story for all small...
Pearcedale Hardware is closing today and the ABC has published a deep-dive into why: The cost of doing business By Jessica Longbottom and Eden Hynninen Published 20 Nov 2021, 6:09am For many residents...
View ArticleThe best way to negotiate a lease in a major shopping centre
Major shopping centres looked appealing for years. All that foot traffic. The bright and shiny look. Being there was appealing. The Covid hit, and traffic to major centres crashed. It’s coming back,...
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Shopping centre landlords grabbing rent any way they can
Including this cupcake dispenser. The post Shopping centre landlords grabbing rent any way they can first appeared on Australian Newsagency Blog.
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