As I pointed out in an article in the Age/SMH a couple of weeks ago, Zara and other incoming foreign retailers must, to be effective, take flagship positions in the major CBDs. If this happens it will ultimately tilt the power balance between CBDs and suburban shopping centers toward the former even if smaller units of the foreign retailers operate out of shopping centers.
I will be analysing these impacts and undertaking a "vulnerability" analysis on major domestic retail chains and suburban malls over the next few months. Results will be made available in published form. Stay tuned!