Australian malls diversify in the face of stiff competition - News Summed Up

Australian malls diversify in the face of stiff competition


The response from developers has been to redefine the mall away from a “shopping” focus to become a more community-driven service and entertainment space. “Shopping centers are the modern village, it’s where everyone comes together. While online shopping is estimated to make up a little more than 10 percent of total retail sales, future arrivals such as Amazon could change that. “If [online shopping] jumps up in a big way, how does that affect bricks and mortar? Maybe all shopping centers just become cafes,” University of Technology Sydney accounting expert David Bond said.


Source: Taipei Times July 16, 2017 15:56 UTC



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