Shopping centers are purpose built complexes which can contain retail shops, restaurant and other eateries, service such banks and leisure facilities such as cinemas and bowling alleys.
The Australia shopping centre industry comprises companies that build, develop and manage shopping centers in Australia. There shopping centre owners derive income from charging tenants, such as retail shop owners, banks and restaurant, rent for the space that they occupy and maintenance for operating the shopping centre. Rent are charged to tenants based on supply and demand.
* Industry Value chain
Purchase the land and building the shopping centre., choose the high traffic and volume location
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Lease out the retail spaces to retailer leasehold or joint-venture or large department store /supermarket chain or restaurant/demand or supply and provide corresponding service to consumer
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Refurbished the site and extend to retail the tenant and attract more customers
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Provide good service and parking to customers and keep innovation way
Property selection-redevelopment-branding and marketing-retail relationship-financing-manage the shopping centre
* Industry life-cycle
The online shopping is at the maturity to shake out of its life cycle
Whether the consumer are online, bricks-and-mortar or a combination of both, Australia shopping centers in 2010 suffered through one of the most difficult years in memory
It’s expected that it will account for 4 per cent of retailing within 5 years and a few years it’s expected that about 12 per cents of all US retailing will be done either online or via mobile device
Impact high growth of internet shopping and shop around for best price globally, a large Australia retail, that is. The global financial crisis forced US business to look for source of revenue outside their normal channels, maybe ship to globally. In some categories, physical store will pretty much disappear.