Construction disruption
This is the scene behind and next to my newsagency. The in tact wall is the rear wall of my shop. K-Mart closed a month ago and immediately upon its closing construction commenced. They have been...
View ArticleShopping centre challenges
The shopping centre in which my newsagency is located has been undergoing a welcome major refurbishment since March this year. Regulars here may recall my posts about the flooding in my newsagency and...
View ArticleSupanews / Angus and Robertson, one footprint
Landlords like tenants with multiple formats, it makes for efficient leasing. The photo from Armidale says it all. Supanews on the left and Angus and Robertson on the right. They look like two...
View ArticleRetail tenancy size and newsagencies
Don’t believe what they say, size matters, it matters a lot when you have to pay the rent off the back of an old retail model built back when small was beautiful. Landlords like big newsagencies – 250...
View ArticleLandlords price themselves out
I am aware of four new or extended (major) shopping centres which do not have a newsagency. I am sure there are more than these four. In each case, the landlord has offered the space to a cast of...
View ArticleAffordable Ink not so affordable
This ink dispensing unit branded Affordable Ink has been installed at Forest Hill Chase. A check this morning of their prices shows that their branded ink is not so affordable. The same products at...
View ArticlePlanning the shopfit
The image is the planned shopfront for our Frankston newsagency. We have been working with designers, the landlord and other stakeholders for months to find a fit which is flexible and fits the...
View ArticleBeing charged extra for opening early
Colonial First State, landlord for our newsXpress Forest Hill store has introduced an extended trading hours charge. We have been charged because we open before the official centre opening hours each...
View ArticleLandlord calls in the legal team on opening early
What I thought was a cordial discussion with our landlord about their new tax on us opening at 7am three days a week got legal yesterday when their company solicitor wrote pointing to where in our...
View ArticleSeveral factors hurting newsagencies in shopping centres
Some shopping centre landlords are not taking notice of newsagency sales data and are increasing base rent by as much as 75% without apparent justification. Add to this increased competition from...
View ArticleUnfair shopping centre landlord behaviour
I was in a major shopping centre on the weekend and noticed a temporary outpost located just outside the newsagency selling several cheap no name brand Chinese import versions brand name products in...
View ArticleHow much is a Woolworths or a Coles tenancy worth compared to a newsagency?
I have been sent tenancy data for a regional shopping centre which shows that one of the two largest supermarkets in Australia pays $292 per square metre while an independent newsagent is expected to...
View ArticleWhen a landlord competes with a tenant
Shopping centre property giant Westfield is to compete with small business newsagents by opening Ticketek ticketing agencies at customer service desks in its shopping centres, in competition with many...
View ArticleKeeping your landlord in the loop
If you are tenant, in a shopping centre or not, it is vital that you keep your landlord appraised on what you re doing as a retailer which adds value to their centre. Shopping Centre landlords are...
View ArticleAnother newsagent walks from a shopping centre
This is becoming an almost weekly occurrence: Another newsagent has decided to walk from their retail business in a relatively major shopping centre rather than pay a 10% increase in rent and fund the...
View ArticleMaybe we should consider petitions to help with landlord challenges
Reading the story about the rent challenges facing independent book retailer St Mark’s Bookshop in New York made we wonder whether we should try their approach of having customers sign a petition of...
View ArticleAnother newsagent walks away from a shopping centre
Another newsagent in Melbourne walked away from their shopping centre tenancy last week. He dropped the keys off at Centre Management and left the building mid lease. The shop was relatively full of...
View ArticleA good shopping centre landlord story
Kudos to AMP for their promotion of a couple of products from one of my newsagencies in their Christmas catalogue for Knox City Shopping Centre. It’s good to be promoted in this way along with other...
View ArticleAnother newsagency walks from shopping centre tenancy
Following the refusal by the landlord to renegotiate on rent, another newsagent has walked from their major shopping centre tenancy. They left behind a shop-fit which was just three years old. The...
View ArticleNegotiating with your retail tenancy landlord
I am often asked by newsagents for assistance with landlord negotiations. While I am not a lease negotiator, I have negotiated my own leases as well as revised leases to reflect changed market...
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