Out of the 62 stores that remained when Dick Smith shut down earlier this year, just over a dozen have been re-leased to new tenants. Colliers national director of retail Leroy Wolland said there's a lack of demand for Dick Smith's former stores in smaller towns such as Levin, Gisborne, Richmond and Wanganui.
The New Zealand retail industry is becoming much meaner and leaner, a report by property company Colliers says today. Retailers are streamlining their operations and managing their properties better to meet the changing demands of consumers. We take a closer look at the report’s findings and how New Zealand’s different cities are faring.
In a series of articles run in The Register's print magazine, NZ Retail, Sarah Dunn considers the practical realities of launching a boutique retail operation. To help visualise this, Dunn made up an imaginary retail proposition called Scribble Kitty - it's a utopian palace combining comic shop and cat cafe. In this installment, she looks at leasing from shopping centres.
Opening a boutique retail store is a bucket-list item for many people, but the reality is more complicated than many prospective retailers imagine. The Register editor Sarah Dunn dares to dream. The first installment covers leasing, site inspections and other aspects of finding retail premises.
A report by JLL has found that the majority of the world’s top 10 retail brands are in or en route to Auckland. Louis Vuitton, Zara, H&M and Hugo Boss are all among the giants who have either settled or are vying for a position in the super city.
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The date has been set for the opening of NorthWest shopping centre stage two – a retail, office and dining development opposite NorthWest mall. It will open later this month on 29 September. We spoke with Stride Property CEO Peter Alexander ahead of its launch.
A new all-day eatery on Devonport Wharf is now open for business and is hoped to draw in shoppers to the surrounding area. Its opening is the beginning of Auckland Transport’s city-wide strategy to revamp retail at public transport facilities.
The effects of the Christchurch earthquake are still being felt in retail, even five years after the event. Christchurch-based retailer Bivouac Outdoor has opened a new large-format store in the Northwood Supa Centa in order to service a growing post-quake population in the north of Christchurch.
The first stage of the Bay of Plenty’s newest shopping centre, the Tauranga Crossing in Tauriko, is gearing up to open in September. The centre will be home to more than 20 specialty stores, while also providing dining, banking and health services.
International fast fashion giant Cotton On has purchased its first ever shopping centre in no other country than little old New Zealand. It bought Papamoa's Fashion Island shopping centre off a group of business people earlier this year for $6.25 million. We talked to country manager Mark Singleton about the move.
Savvy retailers are avoiding high rents in New Zealand’s premium shopping areas by squeezing into shop spaces as small as toilets. Called ‘micro-retailing’, the trend has swept across the US and Europe and is now taking off in a big way within New Zealand’s cities.
A new subdivision near Woodend has added several major retailers to complement its 1300 residential sections. New World and BP Connect are both present, and there’s room for more retailers on 15 hectares proposed for commercial and business activity.
Oamaru, in north Otago, boasts a precinct of Victorian commercial buildings, made in a picturesque, Neo Classical style out of Oamaru stone. But while the buildings – built between 1865 and 1885 – are an attraction in themselves, the retail tenants inside them are sometimes left shivering in the cold, and battling with a lack of window display space.