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News
Costco Aus expansion shines light on ban policy
5+ day, 8+ hour ago (535+ words) Costco is famous for its “risk-free” return policy, but taking advantage of the generous system could cost you your membership for good. While the exact threshold for a ban remains secret, the warehouse giant routinely revokes memberships and tears up…...
From Topshop to Toys R Us: brutal reasons famous brands often flop in Australia
5+ day, 11+ hour ago (1696+ words) Toys R Us was a huge brand before its sensational collapse. They’re the ultimate cautionary tale for all the powerhouse global brands who have announced ambitious plans to expand in Australia – the foreign brands that flopped Down Under. With brands…...
Blue chip in the red centre: Remote Kmart site tests investors' nerve
5+ day, 12+ hour ago (709+ words) A site leased to quite possibly Australia’s most remote Kmart is offering investors a rare 9% yield — but is the return worth the risk in a town grappling with crime and social crisis? In the heart of Central Australia, a blue-chip…...
Collins St shop in historic building hits market for $5.5m
1+ week, 5+ day ago (705+ words) Measuring 59sq m, Shop 1, 220-226 Collins St, Melbourne, has hit the market. A compact-sized shop in a historic Melbourne arcade has hit the market with price expectations of about $5.5m. This equates to a jaw-dropping $93,220 a square metre for the 59sq m address that’s…...
Port Pirie gets new Australia Post hub as online shopping booms
2+ week, 5+ day ago (441+ words) A new Australia Post delivery centre has opened at Port Pirie. A third new Australia Post delivery centre has opened in South Australia, making it easier for regional residents to receive parcels. The Port Pirie facility, which replaces a former…...
What happens when Bunnings moves out? Inside the giant retail reshuffle
2+ week, 6+ day ago (990+ words) Bunnings and Masters have left multiple large-format retail sheds in their wake. Here’s what really drives them out — and who’s racing to move in. Drive through Australia’s outer suburbs and you’ll pass one: a huge green shed, or a beige…...
Bunnings, Coles, McDonald’s: Huge rents behind household-name brands
2+ week, 6+ day ago (1524+ words) A Bunnings Warehouse property in Victoria generates about $1.38m in annual net income, equivalent to more than $26,500 a week for its landlord. Picture: NewsWire / Andrew Henshaw A Bunnings landlord is pocketing about $26,500 a week as an analysis reveals the extraordinary property…...
Frankston Zone Bowling sale offers $337k annual rent
2+ week, 6+ day ago (813+ words) Frankston’s long-running Zone Bowling property has hit the market, with the 5142sq m Cranbourne Rd site offering secure rental income now and potential for a very different use in future. Frankston’s long-running Zone Bowling site has hit the market, raising a…...
South Morang, Wollert 7-Elevens hit the market
3+ week, 3+ day ago (480+ words) The 7-Eleven at 840 Plenty Rd, South Morang, is for sale. Two 7-Elevens in Melbourne’s outer north have hit the market with one of the service stations expected to fuel a circa-$6m sale. The South Morang outlet on Plenty Rd includes…...
Shopper stampede reveals how Glassons became a Gen Z cult favourite
3+ week, 3+ day ago (760+ words) The Glassons store launch mobilised a cult following. Picture: TikTok Reports of a “stampede” at the opening of a Glassons store at Westfield Miranda sounded like a potential scene from Kath and Kim. I was shocked to see the pictures…...