Close
 

Something old, something borrowed, something new

  • Opinion
  • July 5, 2017
  • Paul Keane
Something old, something borrowed, something new

I read an article on the weekend in the Weekend Herald of the "developing character on K Rd ". For those of you not living in Auckland, K Road ( Karangahape Road) in Ponsonby is a traditional Auckland road known more famously as an afterhours entertainment area, most cities have these strips. 

The article made me consider "change" and the impact it can make on an area or a business.

Some 20 years ago or thereabouts, RCG bought a building in East St just off K Rd as we thought we not only should own our own building, but we expected the area to improve and come to life. With that we expected to make some money from the improvement in the capital value etc. A good idea, as we were young and enthusiastic, and why wouldn't the property market improve with businesses taking over those dilapidated buildings in the seedy part, just off K Rd.  The truth was that the area we were in maintained its reputation for afterhours activities and over the course of our ownership, the area never really improved and we subsequently made the decision to sell the building and move to Parnell where the company is currently located. The “change" we expected therefore never eventuated.

It may well be that current development of K Rd could materialise and the area could "change" but my own feeling is that the area will pretty much maintain its traditional reputation so expectations for an upmarket environment may continue to be a long time coming.

I was also intrigued over the adoption by Foodstuffs in the announcement of the "change “they were going to make to the supermarket business by introducing 10 new Fresh Collective stores to the Auckland market. Some of you may recall my comments on this possibility some weeks ago when we discussed the takeover of the former Nosh store in Constellation Drive on Auckland's North Shore. The move didn't surprise me as the demand for small "mini markets" in growth driven residential environments was a no brainer.

What did surprise those of us in RCG however are the similarities between some of Farro’s design componentry and the new Foodstuffs outlets.

RCG has been the designer of Farro since its inception. We are proud to have the relationship with the owners James and Janene Draper and we are also proud of the effective design concept that works for all the Farro outlets. We are constantly reviewing and changing the layout and design to ensure that we stay ahead of the market and up to speed with customer needs. Farro is authentic and as a start-up brand competing against major cooperation’s we believe Farro has shaken the supermarket industry.  As a result, this is driving competition which can only be a good thing for customers and the industry itself.

Although, it seems hard to believe that Foodstuff Ooperators could convert from a Four Square to a Fresh Collective and compete with Farro; so will they simply be “mutton dressed up as lamb”?  Farro is authentic whereas Fresh Collective as a name and the concept suggests, is a corporate trying to imitate authenticity - this never seems to work, and it didn’t for Nosh.

 Paul Keane is a registered property professional and has vast experience in New Zealand’s commercial property industries. He provides retail and property consultancy including development management to many New Zealand property owners, developers and city councils. This post originally appeared on RCG's blog.

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

 

Kiwi Property makes $138m net profit for the year

  • News
  • May 21, 2019
  • Radio New Zealand
Kiwi Property makes $138m net profit for the year

Kiwi Property has reported a strong full year underlying profit, as it continues to reinvest in its Auckland retail and office properties.

Read more
 
 

Thankyou’s latest campaign combines scent and charity work

  • News
  • May 21, 2019
  • StopPress Team
Thankyou’s latest campaign combines scent and charity work

Australian charity product organisation Thankyou has launched its latest Kiwi campaign, combining that fact that 100 percent of its profit goes towards helping end global poverty with its use of perfume-grade botanical oils in its products.

Read more
 
 

From edible insects to beautiful homeware: Made of Tomorrow’s co-founder talks its new venture

  • Design
  • May 21, 2019
  • Idealog
From edible insects to beautiful homeware: Made of Tomorrow’s co-founder talks its new venture

Most people would be in agreement that bugs, planters and room dividers don’t have much in common, but Matt Genefaas and Dan Craig would beg to differ. The two juggle running an edible insect company, Crawlers, as well as a homeware company, Made of Tomorrow. Genefaas has a chat about what the new furniture range, Space Between, was inspired by, as well as how him and Craig spend their days in slashie roles moving between pushing dried insects to the world, as well as polished mirrors and space dividers.

Read more
 

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
topics
Regional rollercoaster
What does retail look like in 2019 for ...
Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Sisterhood
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...
 

Why is the next generation so anxious? Here's how young founders can avoid burn-out

  • Opinion
  • May 21, 2019
  • Jennifer Young
Why is the next generation so anxious? Here's how young founders can avoid burn-out

There may be good reason to be concerned about our young entrepreneurs. Millennials and Generation Z have been labelled generation burn-out, generation snowflake and described as narcissistic, entitled, tech-dependent and fragile. They’re also oversaturated with headlines about the raft of issues like climate change they have to tackle, plus concerns about the impact of technology and social media on their mental health. Jennifer Young explores possible reasons why the younger generation is so anxious, as well as what young founders can do to avoid burn-out.

Read more
 
 

Vodafone NZ sold to private investors for $3.4b

  • News
  • May 21, 2019
  • Radio New Zealand
Vodafone NZ sold to private investors for $3.4b

Infrastructure investor Infratil is teaming up with a Canadian investment firm to buy the local operations of Vodafone for $3.4 billion.

Read more
 

Readings present revised plan for Courtenay Central

  • Property
  • May 16, 2019
  • Radio New Zealand
Readings present revised plan for Courtenay Central

The company that owns Courtenay Central in Wellington says it has big plans for redeveloping the complex - which is closed due to earthquake risks.

Read more
 
Next page
Results for
Topics
Jobs
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita.hayhoe@icg.co.nz or call 022 639 3004

View Media Kit

}