Retail isn’t dead but conditions won’t favour those that fail to innovate
The Australian retail sector is going through a period of transformation with changing consumer habits impacting the performance of bricks and mortar retailers. Retailers who fail to adapt to these changes by improving their online platforms and investing in customer experience will likely be impacted most.
2020 will be a challenging year for the retail sector as continued headwinds impact retailers and landlords alike. However, the changing retail landscape presents an opportunity for investors, landlords and retailers to transform retail centres into mixed use hubs to futureproof against continued change.
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A snapshot discussion on CBRE’s 2020 Retail Market Outlook with Kate Bailey, Head of Retail and Logistics Research and Graham Wakefield, Head of Retail Advisory, Transaction Services, Property Management for the Pacific.