Ragtrader catches up with Ragtrader Live speaker Nora Farren, Colliers International retail director.
Purchase your tickets here. Early bird tickets purchased prior to 30 June are priced at $245, including refreshments throughout the day as well as evening networking drinks.
The international retailers heading to Australian shores next are...
Those expected to have the most impact on the local retail market are H&M, Uniqlo, J Crew and Sephora.
We know this because...
Colliers is working with a number of international retailers looking at expanding into Australia, helping them to secure suitable locations.
In terms of leasing opportunities, international retailers are looking for...
Initially a flagship store in either the Sydney or Melbourne CBD, followed by smaller stores in larger, top performing shopping centres. The average store size required is around 800sqm but can be as large as 2,000sqm.
The biggest challenge for global retailers opening stores down under is...
While it used to be the opposing seasons or geographical isolation, today it's more about finding a suitable location in terms of size, ceiling height and the calibre of surrounding tenants.
International retailers are attracted to the Australian market because...
Growth opportunities for many of these retailers is driven by global expansion, with the relative strength of the Australian economy, our high disposable incomes and propensity to spend major factors. Australian consumers are also quick to take up new technology, fashions, fads and experiences.
The amount of market share they stand to capture from local retailers is...
Hard to quantify! But generally, department stores and small to medium sized local fashion specialty retailers are at greatest risk of losing market share. Particularly vulnerable are low-to-medium price point domestic fast fashion retailers, rather than the well-resourced larger or listed companies.
The average number of stores they are looking to roll out is...
Different for each retailer, but generally they come with the idea of two to three stores a year during the initial phase. Medium term, the majority plan to open between ten and 15 stores in total.
The wave of international retailers coming here means local businesses will...
Have to rise to the challenge, which will mean improving customer service and the in-store experience they currently offer. They will have to ensure their product range reflects the latest trends, but also that they can be easily distinguished from the competition.