Warning to local retail

Feb 21st, 2015

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Article by:
Amanda Banks

Photography:

Weak consumer sentiment and the recent flood of international retailers into Perth will mean a tough year for locals and may send some to the wall.

Speaking at a Property Council of WA function in Perth yesterday, property heavyweights warned that online shopping posed another threat.

Lease Equity's Jim Tsagalis said that landlords should be locking in retail tenants rather than looking for higher rents.

Source: The West Australian, 21-22 February 2015

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