It is clear that Australia’s retail economy is under pressure. Note the following: Overall household consumption spending has grown by a healthy 6% over last year, yet retail spending has grown at a modest rate of 3%. On-line sales increased by 25% The strength of the Aussie dollar is resulting in more overseas trips, and [...]
With the Australian retail industry facing one of the toughest periods witnessed over the 21 year history of the Urbis Retail Averages, this year’s edition more so than ever, is key in understanding the changing retail environment. How have shopping centres held up in this challenging retail environment? Which retail categories are weathering the storm [...]
Australia’s Large Shopping Centres Come Clean. The 2010-11 edition of the Urbis Retail Averages for both regional and sub-regional shopping centres is now available. This is the latest edition of Urbis’ annual survey of Australian shopping centre performance, which has produced industry benchmarks for turnover, turnover per sq. m and other key metrics since 1992. [...]
2013 marks the 21st year that Urbis has produced the shopping centre industry benchmarking tool – the Retail Averages. With the very first edition released back in 1992, the Retail Averages have become the industry standard for many shopping centre owners and managers and has helped established Urbis as the thought leader it is today. [...]