I have noticed a shift in what landlords of small, medium and large centres are looking for from newsagency businesses.
Whereas in the past they sought restrictions to control the businesses to traditional offerings, today more are wanting to partner with retailers who are actively playing beyond the traditional boundaries.
This is especially true in regional centres. They want businesses that are focussed on generating valuable traffic for the centre beyond their businesses. Whereas in the past papers, magazines and lotteries did that job, today I am often asked what a business might bring that is unusual, that shoppers could be willing to drive an hour to see.
In the last week I have received approaches from three landlords with such requests. They want newsagency businesses, but ones that genuinely add value from what has been traditional for the channel.
This is a good trend in my view, line that encourages optimism.
“”This is a good trend in my view””
A very good trend, and hopefully an ongoing trend.
Any newsagency, or other businesses approached by their landlord with positive thoughts should pay attention and give serious consideration to any suggestions or offers.
A very interseting read in the SMH today over a quickly growing of list of empty shops in the Newton Erseknville Strip in Sydney.
I wish my previous Landlord had this view instead of taking it over themselves and making a right
mess of the business and turning a whole town against them.