26 May, 2022

New SA retail forecast in: All Rundle Mall shops to shut by 2021

The latest numbers are in for South Australia’s economy, and it’s not good news for the state’s struggling retail sector.

Adelaide Research & Survey Estimates (ARSE) has revealed its annual economic forecasts, and it looks as though the remaining stores populating Rundle Mall are set to close by the end of the year.

At this stage, our figures say that every non-food, beverage or discount book shop in Rundle Mall will be closed by the end of the year

‘While there are some glimmers of hope’, says Chief Economist for ARSE Eeta Greenspan, ‘that optimism is mostly around bubble tea stores and those weird book shops that sell all books for six dollars and are constantly closing down and moving two shops down’.

‘At this stage, our figures say that every non-food, beverage or discount book shop in Rundle Mall will be closed by the end of the year’.

Rundle Mall’s management team is already looking to a future without retail, employing the help of a person well versed in transitioning former thriving hubs of activity to a life after retail. Josper Kerfoot is head of Empty Spaces at the Myer Centre.

‘Just because a few shops leave, doesn’t mean it’s the end of the world’, says Kerfoot. ‘Look at Dazzeland, that closed down and the Myer Centre’s doing just fine, especially those top two levels’.

‘The city centre isn’t just about shops, or having tenants, or making money, or ensuring the ongoing viability of a retail district. It’s about making sure that the parklands and our views of the hills are kept in tact. That’s what Anne Moran told me, at least’.

Related Posts

Oakbank Racing Club releases At-Home Horse Euthanasia Kit for those missing the Easter carnival

12 April, 2020

12 April, 2020

Organisers of the annual Oakbank Easter Carnival are looking at novel ways to give punters a way to enjoy all...

Rundle Mall spruiker seamlessly weaves passing chat into sales pitch

10 September, 2019

10 September, 2019

Rundle Mall spruiker Frank Ratta has once again shown why he was awarded ‘SA’s Most Tolerated Spruiker’ eleven years running....

Exposé: Balfours caught using caged footballs for pies

4 September, 2018

4 September, 2018

In a shocking discovery by Adelaide Mail undercover journalists, it has come to light that Balfours is keeping the footballs...

Burnside teen reports child abuse after dad refuses to buy her BMW X3

28 August, 2019

28 August, 2019

A 16-year-old Burnside girl has resorted to reporting her father to the Department for Child Protection after he refused to...

Adelaide Oval Christmas Pageant limited to only 25,000 bagpipers

22 September, 2020

22 September, 2020

A 90 percent reduction on previous years.

“Menz” Confectionery to change name to “Personz”

2 January, 2020

2 January, 2020 1

POLITICAL CORRECTNESS GONE MAD?: In a bid to gain greater market share and simultaneously not offend anyone, Menz Confectionery, the creator...

Elizabeth resident lobbies council to change name to Playholden

17 October, 2019

17 October, 2019

As the third anniversary of the closure of the Holden plant at Elizabeth approaches, lifetime local resident Camira Minnet lobbies...

Lifetime Golden Grove resident still doesn’t know difference between Grove Way and Golden Way

30 September, 2020

30 September, 2020

Despite living at “World’s Best Address” for over thirty years, Dellfyn Targethill still struggles with basic geographical concepts in his...

If quarantined, please listen to the other hundred Adelaide Crows podcasts instead of making your own

20 March, 2020

20 March, 2020

As working in isolation and two-week quarantines become commonplace for many South Australians, a high proportion of 20 and 30...

Para Hills resident claims she’s from the Adelaide Hills

14 February, 2019

14 February, 2019

Seeking to up her social status and property value, Brittney Mounts of Para Hills has decided that her suburb counts...

Stobie pole “probably a Banksy” says Croydon mum

8 November, 2018

8 November, 2018

Fiona Foarzenshore fancies her home suburb of Croydon as something of a cultural hub in Adelaide’s inner west, and has...

Aspiring Magic Cave Father Christmas will probably settle for Parabanks gig again

26 October, 2018

26 October, 2018

For professional shopping centre Father Christmas Claude St Velcro, it’s become a case of take what you can get. Every...

Seeing a gap in the market, all OTRs start serving pancakes 24/7

17 June, 2019

17 June, 2019

With the Pancake Kitchen no longer operating 24 hours a day during the week, the OTR overlords have announced the...

Michael Keelan referred to as Keith Conlon for the last time!

23 September, 2018

23 September, 2018

That’s it, he’s absolutely had it. At first it was funny, sometimes even a little bit flattering, but enough is...

Comments

Leave a Reply

%d bloggers like this: