Mount Lawley News in Western Australia is a small shop located a ten minute or so drive from Perth CBD. I mention that to reflect that this shop is surrounded by competition.
What was a traditional newsagency has been transformed by new owners Matt and the team over the last year. This is a good example of what I’d love journalists and other who talk or write about Australian newsagencies to think of.
What an awesome looking business.
A year ago this shop looked very different. Today, it is attracting new shoppers. New shoppers are the lifeblood of retail. Better still, the change in mix of products drives a change in the GP% of the business. These are factors that play into the strength and value of a newsagency, or any retail business for that matter.
We see too many stories about newsagencies closing. Sometimes, photos accompanying those stories do not reflect the best practice retail we are seeing from plenty of newsagents, like Mount Lawley News.
I’ve been at this too long to make this type of change I think. Well done to the people who did this though because it looks fantastic.
Jeff, we own newsXpress Sarina, mentioned in this blog yesterday, and we have been in our business for 21 years. It is never too late to make changes. Most of our changes and evolution has happened over the last 10 years. Even just the smallest of changes can make a big difference. You just need to start somewhere.
Well done. This is a beautiful shop.