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Speaker 1: So it seems that Keywi's Apparently we still favor the

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Speaker 1: old fashioned in person shopping experience. There's a new report

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Speaker 1: from the consultancy JLL saying we need nearly two hundred

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Speaker 1: and fifty thousand square meters of new retail space in

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Speaker 1: the next five years to keep up with demand. Which

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Speaker 1: when I go down Main Street and I look at shops,

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Speaker 1: even in nice areas, there's shops boarded up, shops with

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Speaker 1: rent signed four leaks on the side of them. Ann

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Speaker 1: Mary Johnson Retailings ed with me this morning, Emory, good

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Speaker 1: morning or a it? So how does this work? Because

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Speaker 1: you do see shops that are sitting empty. Are we

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Speaker 1: talking about we need new retail space in a particular

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Speaker 1: area or a particular type.

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Speaker 2: Look, it's really good to see some positive prospects for retail.

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Speaker 2: I've got to say things have been tough for a

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Speaker 2: long time for our retailers. But I guess the thing

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Speaker 2: is that we've been through these cycles before. We know

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Speaker 2: that eventually the cycle is going to end and retail

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Speaker 2: will pack up. So my read of this report is

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Speaker 2: that it's the towards the future, to the medium term

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Speaker 2: when there will be demand for retail and retail space,

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Speaker 2: and so we need to be ahead of that curve.

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Speaker 1: What about the online situation? Does this take into account,

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Speaker 1: because it's obviously looking at population growth and saying you've

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Speaker 1: got x number of people, you need x amount of

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Speaker 1: retail space. Does it take into account how much shopping

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Speaker 1: New Zealand is culturally, how much we do online?

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Speaker 2: Yeah, we know certainly from our own research and this

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Speaker 2: this report reflects that that bricks and water stores are

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Speaker 2: still way more popular. People might do their research online

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Speaker 2: before they go to do their shop, but the majority

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Speaker 2: of key we still prefer to actually go into a

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Speaker 2: shop to buy the goods that they're looking for, and

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Speaker 2: we seem to be a little bit different from the

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Speaker 2: rest of the world on that. But it's hard to

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Speaker 2: see that trend changing significantly.

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Speaker 1: I can probably count on one hand how many things

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Speaker 1: I've bought online in my entire lifetime. Like I just

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Speaker 1: don't Yeah, I just don't do it. And you need

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Speaker 1: to especially clothes, you need to try them on, don't you.

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Speaker 2: Well yeah, I was just going to say, especially for

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Speaker 2: things like clothes and some of those big purchases as well,

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Speaker 2: you like to touch them and see them before you

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Speaker 2: actually buy yeah, all.

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Speaker 1: Right, Emory, Well, let's hope that this rings true and

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Speaker 1: that we get some more Well, well, first of all

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Speaker 1: that retail gets a bit of a reprieve because I

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Speaker 1: know trading is still flat, and also that we get

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Speaker 1: some more retail spaces. About twenty three minutes after five,

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Speaker 1: you're on News Talks, you'd be Yeah, I think I

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Speaker 1: could probably count, literally count on one hand how many

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Speaker 1: items are clothing, How many items period I've bought online,

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Speaker 1: especially clothing. And you know, if you you know, during

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Speaker 1: winter you put on a little bit of weight and

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Speaker 1: then in summer you ideally lose a little bit of weight.

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Speaker 1: Coming into summer, it gets very hard to try and

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Speaker 1: decide what size you are. You know, you need to

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Speaker 1: actually try them on, get them round.

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Speaker 2: You For more from Early Edition with Ryan Bridge.

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Speaker 1: Listen live to News Talks it be from five am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.