newsXpress is receiving more and more invitations to consider locations in existing and new shopping centres around Australia.
With a footprint of close to 160 locations nationally, attractive businesses, a commitment to professional retailing, national TV and print advertising and good compliance principles, landlords see newsXpress as a national brand they want in their centres.
In response to approaches, newsXpress has developed a set of principles and guidelines for handling invitations from landlords.
- We do not approach landlords in centres where there is an existing newsagent.
- We only consider locations which are on the open market.
- There are instances where we have helped existing newsagents lift their businesses and stay in a centre by providing support services and other guidance to lift their offer and retain their business.
- We ensure that a newsagent already serving the centre is given the opportunity to open the newsXpress location offered to us by the landlord – we have helped existing newsagents expand in this way.
- Using our professional lease negotiator, we pursue the best possible terms for the business.
- We invite existing newsXpress members to consider taking up available tenancy offers.
- next, we invite non newsXpress newsagents to take up the new tenancy offer.
- If these steps do not uncover a good candidate, we may market the opportunity more widely or invite the landlord to see suitable tenants directly.
newsXpress goes to extraordinary lengths to ensure newsagents covering an existing location and first bite at a new opportunity. There are excellent instances in our history where this has worked well for the newsagent and the landlord.
Mark – I may have missed something here but isn’t newsxpress watergardens in the same centre as an existing newsagent?
Nelson, that it is. The process outlined above was followed baack in 2007 when the location was offered to newsXpress.