The New Zealand retail landscape is undergoing considerable change. Zoltan Moricz and Grant Unsworth from CBRE assess what's driving the arrival of many international retailers on Kiwi shores.
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.
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.
There have been a lot changes, wins and losses in the retail industry as of late. Director of property, design and research specialist agency RCG Paul Keane considers the latest developments, including Dick Smith's senior management blunders and where it went wrong.