Business
Sharing the risk: Retailers and their landlords face a post-pandemic dilemma – Sydney Morning Herald
The COVID-19 crisis is accelerating trends in the retail sector that will force retailers and their landlords to develop new relationships – whether they like it or not.
Structural changes in retail most notably the growth in online shopping but also an over-supply of retail space and the globalisation of big brands and their store networks were under way before the coronavirus struck. Retailers were already confronting the need to change.
The pandemic will exacerbate and accelerate the longer-term trends that already had the big department store groups destabilised through its effects on household incomes and foot traffic as more people work from home, through…
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