Aust faces retail invasion: report

American suitmaker Brooks Brothers will begin a nine-store rollout in early February, joining a growing list of famous retail brands expanding in Australia, The Australian Financial Review has reported.

The rollout for Brooks Brothers will begin with stores in Melbourne and Sydney, with the group far from the last in a long line of fresh faces in Australia’s retail sector, according to Knight Frank retail leasing director Gary Loo.

“There are plenty more deals like this which are already in train,” Mr Loo told the AFR, adding that incentives would soon fall as rents rise.

Among the high profile recent entries are Spanish-owned Zara and Japanese brand Uniqlo. Other retail giants with significant local expansion plans include Costco, Aldi and Daiso.

The report suggested the trend would continue through the new arrivals, or local expansion, of brands including Banana Republic, Cartier, Breitling, Rolex and Abercrombie and Fitch, among others.

More from Business Spectator

Comments

Please login or register to post comments

Comments Policy »
It will be interesting to see if tassel loafers as business attire will take off in Australia !
Great news. Maybe they can put a Cartier in Batemans Bay, a Rolex in Nyngan, and why not a Breitiling in Katoomba. Sure to sell a heap of designer gear. I mean how many existing jewelers sell this stuff ? Laugh .. Hahahahaha I think that these overseas retailers need a dose of reality.