Myer, one of Australia\u2019s largest department stores, is facing an uncertain future in Brisbane’s CBD after its lease renewal was refused. The store, located in the Queen Street Mall, has been a staple of the city since it opened in 1988. <\/p>\n
The refusal of the lease renewal comes as part of a larger trend of retailers leaving the CBD. With the rise of online shopping, many retailers have found it difficult to compete with the convenience and lower prices offered by online stores. This has led to a decrease in foot traffic in the CBD, making it difficult for retailers to justify the cost of maintaining a physical store. <\/p>\n
Myer has been struggling financially for some time now, and the refusal of the lease renewal could be the final nail in the coffin for the Brisbane store. The company has already closed several stores around Australia, and the Brisbane store may be next. <\/p>\n
The refusal of the lease renewal is a blow to Brisbane’s CBD. Myer has been a fixture in the city for over 30 years, and its closure would leave a large gap in the retail landscape. It would also mean that hundreds of jobs would be lost, which could have a negative impact on the local economy. <\/p>\n
The future of Myer’s Brisbane store is uncertain, but it is clear that something needs to be done to ensure that retailers remain in the CBD. The city needs to find ways to make it easier for retailers to stay in business, such as providing incentives or reducing rent costs. Without these measures, more retailers may be forced to leave the CBD, leading to an even greater decline in foot traffic and economic activity.<\/p>\n
Myer, one of Australia\u2019s largest department stores, is facing an uncertain future in Brisbane’s CBD after its lease renewal was refused. The store, located in the Queen Street Mall, has been a staple of the city since it opened in 1988. The refusal of the lease renewal comes as part of a larger trend of […]<\/p>\n","protected":false},"author":2,"featured_media":2527035,"menu_order":0,"template":"","format":"standard","meta":[],"aiwire-tag":[5845,2143,439,11,1150,17,132,18,2162,21,5305,23,368,958,25938,724,444,29,8244,9565,968,448,2911,10623,10883,971,222,34,2914,152,153,227,4508,5050,2567,654,1193,3228,1195,21057,1196,235,1329,2470,3237,4322,1789,8234,8235,50,6344,1220,54,6170,3146,55,4116,168,57,8046,60,61,62,3716,2224,391,3264,1750,291,8226,2951,3265,292,1244,5519,1057,66,5055,178,328,693,395,2739,329,69,7447,3112,2743,759,486,75,1356,78,183,1256,7969,1357,1534,185,824,399,5,10,7,8,1272,661,10539,2110,11366,491,9507,1688,2853,3841,2261,496,1285,4543,1701,837,2623,2274,777,1291,1370,3889,3367,103,108,109,10876,207,508,111,5893,2528,2300,310,9,125,312,920,126,6],"aiwire":[27723],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2515637"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2515637\/revisions"}],"predecessor-version":[{"id":2523226,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2515637\/revisions\/2523226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527035"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2515637"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2515637"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2515637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}