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The Harvey Norman indicator of retail decline
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Yeah, I have noticed for a while the Westfield shopping centers that seem to thrive are the ones that have transitioned themselves to become food and entertainment destinations.
Eg, adding upgraded restaurants and bars style locations.
Also shops that rely more on impulse or sell services rather than products still seem to be doing well
Eg, hair dressers, massages, optometrists, dry cleaners etc do well.
As well as show room style businesses like branded apple stores, and some clothing and make up brands.
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The Apple stores do well, also pet supplies and makeup seem to do well.
I am surprised by a makeup retailer called Sephora, it’s turning into a global chain, my wife always drags me i. On our travels, seems like a very good model.
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Agreed but the stores are partly to blame themselves.
If I go to whatever national chain then every shop has basically the same items for sale. The same narrow selection that is.
Go to shop > they don't have what I want > buy online.
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Further to that smurf, yesterday my laptop died and wouldn't boot, the battery was removed years ago and it is over 10 years old, so I thought just replace it.
So looked online for what would suit, then checked if the computer store near me sold the model and they did, so I rang the store and was told it was out of stock but they had a similar one several hundred dollars dearer.
I thought ring the Sydney store and check, they told me they could get it from the supplier, but as the stores are franchised use a W.A store.
So rang the second W.A store on the other side of Perth, no they couldn't get that model, so I thought sod it and looked on ebay.
Found the exact same computer, $100 cheaper including postage from Brisbane, I tried to give the business to the local shop but they obviously didn't want the business.
This is my pet peeve.
Range is limiting as competition gets knocked. There were was a semi interesting variety before it seemed. Even groceries seems to have been cut down.
All the Asians auction off stuff on the livestream video on facebook. They have been doing it for a while. I guess websites and ebay will be the next losing market share as people move to apps.
Can get some really cheap goods if you know the language. Originated in Singapore but most asian countries have a lot online.
https://www.straitstimes.com/singapore/live-online-auctions-inject-life-into-retail
Can get some really cheap goods if you know the language. Originated in Singapore but most asian countries have a lot online.
https://www.straitstimes.com/singapore/live-online-auctions-inject-life-into-retail
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Wesfarmers obviously think online is here to stay, they just bought "catch.com" web shop, for $230million.
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Value Collector
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Never heard of that chain. But the American style stores such as Sephora my wife drags we into always seem to be full.
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I never heard of it either, but I'm not into makeup.
My local chemist shop was selling it so it appears that they are looking for alternative outlets to their own stores.
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