It’s not only retailers who are facing difficult times; retail property owners are also feeling the pinch.
While retailers in general are suffering, it’s the traditional corner store that is fighting a losing battle, according to BIS Foodservice's Route Trade Market 2012 report series.
It'll be another decade at least before we'll see bricks and mortar retailing pick up again, according to the BIS Shrapnel retail property sector report.
While it's tempting for Australian retailers and their landlords to take comfort from recent positive newspaper headlines, they don't reflect what is yet to come.
Decreased retail sales and consumption expenditure were the main culprits of the stall in the Australian economy over the past year, according to industry analyst and economic forecaster, BIS Shrapnel.