Keeping Sentinel
Posted on Wednesday 27th September 2017
SENTINEL Property Group boss Warren Ebert and his sidekick Michael “The Professor” Sherlock has some advice for Australian retailers as they await the imminent arrival of Amazon to our shores.
The pair has just returned from a study tour of Chicago and Los Angeles to see how retailers there are dealing with the Amazon onslaught.
Ebert says retailers in the general goods category such as Toys R Us and department stores will cop the biggest hit while those offering a more personalized experience will fare better.
Ebert notes that Amazon has the big advantage of lower fulfilment costs and shorter delivery times. “They have a lot of money and are playing the long game,” says Ebert.
The Sentinel team brought back lots of ideas from the trip to pass on to tenants in their 20 plus retail centres around the country.
