business
Central Coast Retail Trends: Market Shifts Businesses Need to Know Right Now
Discount and small-format retailers are driving 2026 openings while farmgate and agritourism growth creates local opportunities amid national changes.
How we reported this
Discount, off-price, beauty and grocery-anchored retailers, especially those using small-format stores, are leading new openings in 2026 on the Central Coast while traditional big-box and oversized pharmacy formats continue to shrink or close.
These shifts matter now because retail bankruptcies and closures escalated sharply in 2025, with Coresight predicting over 15,000 store closures that year, double the 2024 figure, and many expansion-mode chains pulling back growth plans. At the same time, mall foot traffic rose 1.8% year-over-year in the first half of 2025 with visit durations increasing 3.3%, and this upward trend is expected to continue into 2026.
Local retail openings and agritourism growth
The Central Coast region is experiencing growth in farmgate and agritourism retail products as part of its 2026-2030 economic development strategy. Recent openings include Saigon Ơi and Sol Restaurant & Bar in Erina, Blue Jaam deli in Bateau Bay, and Big Little Brewing in Gosford. The $17.14 million Central Coast Food Manufacturing Innovation Hub in Ourimbah is expected to open in March 2026 with eight limited tenancy positions available for food and beverage SMEs. Key commercial precincts such as Erina, Tuggerah and Gosford are evolving from retail-centric centres into mixed-use hubs.
Figital strategies and what businesses should consider
Retailers are increasingly adopting figital strategies that blend physical and digital experiences through live inventory transparency, BOPIS 2.0, AI-driven recommendations and stores functioning as fulfillment and data hubs. Businesses on the Central Coast can access local support including grants and rebates through Central Coast Council and its Economic Development Team. Finance options such as those from Mortgage Choice in Toukley and Finance One Commercial are available for qualifying operators.
With population growth projected to increase by over 50,000 people by 2041, demand for retail and related services continues to rise. Operators should monitor these national trends and explore small-format, discount or agritourism-aligned models while adopting figital tools to meet changing customer expectations.