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loi signed for shopping centre giant, page-13

  1. 824 Posts.
    Well Westfield is on the cusp of having its revenues hit hard by the massive move to online shopping - much of which also involves many of it tenants like JB, Apple and even DJs.

    Lockers at shopping centres will give it a chance to get revenues from online sales and also increase traffic in its centres.

    If you think about it, a westfield shopping centre is the old world locker system. They built huge buildings with a variety of spaces which retailers rented long term and filled with goods to sell to Customers. The online revolution means that those spaces dont need to be so big anymore and you dont have to have them 24/7/365. Indeed they can be small and personal and controlled via smart locks over the internet.

    From Westfields point of view, lockers offer the opportunity to make every on-line seller in the world a tenant of their centres. Well at least of a moment or two and clearly at a much reduced rent.
 
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