All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 November The suburbs are the future of post COVID retail The suburbs are the future of post COVID retail 16/11/2020 | 4 MINS The COVID-19 pandemic delivered a body blow to CBD retailers, but itΓÇÖs just the latest of their challenges in recent years. They were already under pressure from cautious consumer spending, intense competition from online retailing and the growth of suburban ΓÇ£mega-centresΓÇ¥. Now, declining commuter foot traffic and an increase in people working from home present new challenges for CBD retailers. Lockdowns, changing work practices and the need for social distancing have left some of AustraliaΓÇÖs largest city centres at times resembling ghost towns. Even as restrictions lift and CBDs reopen, it will not be business as normal. Stores will shrink Retailers that depend heavily on discretionary spending, for items such as clothing, footwear and accessories, have been hit particularly hard. The latest Australian Bureau of Statistics figures show clothing, footwear and personal accessory retailing fell 10.5% in August 202
All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 November The suburbs are the future of post COVID retail The suburbs are the future of post COVID retail 16/11/2020 | 4 MINS The COVID-19 pandemic delivered a body blow to CBD retailers, but itΓÇÖs just the latest of their challenges in recent years.
They were already under pressure from cautious consumer spending, intense competition from online retailing and the growth of suburban ΓÇ£mega-centresΓÇ¥.
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Now, declining commuter foot traffic and an increase in people working from home present new challenges for CBD retailers.
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Lockdowns, changing work practices and the need for social distancing have left some of AustraliaΓÇÖs largest city centres at times resembling ghost towns.
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Even as restrictions lift and CBDs reopen, it will not be business as normal.
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Stores will shrink Retailers that depend heavily on discretionary spending, for items such as clothing, footwear and accessories, have been hit particularly hard.
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The latest Australian Bureau of Statistics figures show clothing, footwear and personal accessory retailing fell 10.5% in August 202
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