The headache of retail expansion

Retailers that are looking to open to new shopfronts are being hamstrung by huge construction costs and a lack of builders. Business is going so well for Dr. Vivek Eranki’s Cosmetique that he is planning to open 30 new beauty, injectables and laser hair-removal clinics across the country in the next 12 months. The problem is that construction time and costs are blowing out. He says he prefers buying a property, rather than leasing, as it reflects well on the balance sheet, and he can plan more easily because he knows what the expenses will be. Business Essentials Daily is produced by: SoundCartelsoundcartel.com.au+61 3 9882 8333See omnystudio.com/listener for privacy information.