The local boss of e-commerce giant eBay has rubbished attempts by retail landlords to claim a percentage of their tenants’ online sales, arguing the practice makes no sense in the context of a traditional shopping mall.the push to force bricks and mortar retailers to share their online revenue with their landlords was unwarranted.
Online trade has boomed during the pandemic while bricks and mortar sales have suffered, prompting major landlords to propose rental agreements where a portion of a merchant’s online sales are included in leasing deals., however, some estimates suggest as many as 80 per cent of leasing agreements signed post-COVID are including such clauses.
EBay Australia, like many other online retail marketplaces, has boomed over the past 12 months, with the company revealing on Wednesday it had grown its active monthly shoppers by one million to a total of 12 million during the pandemic.“There are around 14 million online shoppers in Australia, so eBay serves about two-thirds of them,” Mr MacKinnon said.
Puzzles, hardware, power tools and sewing goods were other categories shoppers sought out in droves during the year, each reporting more than four-fold sales increases.
Is this for real? April 1 not far off.
Fkn lol. Good way to kill of their nest egg permanently. How deluded are these investors?