Regional shopping centres are so far the biggest winners in construction and return when it comes to development activity in the Australian retail sector, according to CBRE's third quarter Australian Retail Market View.
The retail market is starting to show signs of recovery amongst changing customer behaviour and after four years of tough retail conditions, according to the AMP Capital Shopping Centres’ latest Recommended Retail Practice Report.
While online sales softened up in August, overall online sales were up to $14.2 billion in the last year, according to the latest National Australia Bank Online Retail Sales Index.
Further results from Dun & Bradstreet indicate business confidence is much higher following the federal election.
Online shoppers in Asia want more choices and convenience, according to a recent study by comScore and UPS.
Relevance, personalisation, globalisation, localisation, price deflation and polarisation are among some of the transitions the retail industry is facing.
Charter Hall has signed a deal to buy Perth-based Innaloo shopping centre and Shoppers Village and the adjoining Innaloo mega centre from Westfield for $255 million.
The housing sector is expected to be a key player in retail recovery hopes, according to an August quarterly retail report from Deloitte Access Economics.
The Westpac Melbourne Institute Index of Consumer Sentiment has increased by 4.7 per cent from 105.7 in August to 110.6 in September.
Hope for the economy's long-awaited revival for 2013 is starting to fade as business expectations for the final quarter of the year have fallen flat.