Netherlands-based retailer VidaXL is ramping up its operations in Australia, committing to build an 81,000 sqm national distribution centre in Melbourne. The online-only business operates in the outdoor, ho...
Move comes after Scentre Group boss Peter Allen doubled down on fixed rents moving forward.
Trading conditions have continued to struggle for Woolworths Holdings.
$1.6 billion in rent assistance has been handed out, but landlords can't afford much more.
ARA and NRA welcome decision by the competition watchdog.
ACCC grants NRA and ARA members the ability to share information for rent negotiations.
Ninety-two stores will remain open with reduced rents, City Chic says.
Authorisation should allow more retailers to receive support.
Approximately 300 staff members are being made redundant.
Decision could be ‘disastrous’ for landlords, and reflects the ‘extraordinary’ position retail finds itself in.
Proposed relief made up of one part rent waiver, one part rent deferral.
Decision allows shopping centres to defer, waive or reduce payments and interest.