247 Trower Road, Casuarina NT
Current Net Distribution 7.00% P.A.
2 - 6 Trade Court, Mount Pleasant QLD
Current Net Distribution 7.25% P.A.
Sentinel Property Group boss Warren Ebert and his sidekick Michael “The Professor” Sherlock have some advice for Aussie retailers as they await the arrival of Amazon to our shores.
They have just returned from a study tour of Chicago and Los Angeles to see how retailers there are dealing with the Amazon onslaught.
Ebert says retailers in the general goods category such as Toys ‘R’ Us and department stores will cop the biggest hit while those offering a more personalised experience will fare better. He notes that Amazon has the big advantage of lower fulfillment costs and shorter delivery times.
The Sentinel team brought back lots of ideas from the trip to pass on to tenants in their 20-plus retail centres.