I am grateful to the team being The Money program on ABC radio for shining a light on the impact of Covid on retail. In the 30 minute program they look at retail through an economists’s lens and then through the eyes of several small business retailers. At about 22 minutes in I talk about shopping centre challenges and small business retail more broadly into the future.
If you’d like to hear the show, here is the link: https://www.abc.net.au/radionational/programs/themoney/retail/12370682
A good strong message Mark to the greedy major Shopping Centre landlords. I agree their 30 year rental boom and dictatorship is coming to an abrupt end. I believe this will drive down rents in these locations though unfortunately this may take some time as current leases will need to run their course.
Also good to hear of the optimism and opportunities for our channel in the high street locations and online as well as the subtle change in shoppers preference for high street stores. We too are noticing this with strong growth post the Covid lockdown.