Former Centro chairman Paul Cooper has taken to the witness stand in the class action case against the company, testifying that the company’s auditor, PricewaterhouseCoopers, assured the board Centro’s 2007 accounts were complete and “robust”, according to a report by The Australian. Mr Cooper claimed the auditor gave its approval to the accounts just days [...]
Archive for March, 2012 ↓
Retail in China:
Missed Opportunities and Opportunities China, is a land of development opportunities. However in the past 20 years, China experienced a fair share of missed opportunities with regard to its retail developments. As a retail market researcher who has observed this market for over 20 years, a lot of these missed opportunities in my opinion could [...]
Local Council Gouging
An increasing threat facing Australian shopping centres is rate gouging by local councils. Even though these shopping centres already are often the largest rate-paying entity in the local government area, as well as a major source of local jobs, councils are increasingly treating their local shopping centres simply as cash cows. These centres are being [...]
RETAIL FOOD MASTERPLANNING
Optimising your centre’s food and beverage potential Given its resilience in performance within the retail sector in recent turbulent times, retail property owners and managers have been focusing more closely on the food and beverage category within their centres. Although there has generally been a recognition of its contribution both direct (rental income) and indirect [...]
Discussion Topic – Online Retailing and Current Developments
While online retail is gaining momentum, in additional to the traditional retail spend, consumers continue to visit shopping centres for their leisure, entertainment and service needs. This represents an opportunity for both retailers and property managers to reconsider their service and convenience offering. Services are seeing stronger growth than goods as a share of household [...]
