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Scentre Group posts strong performance with higher Westfield foot traffic

Inside Retail

We have commenced the $50 million repurposing of department store space at Westfield Mt Gravatt to introduce Uniqlo, Harris Scarfe and a range of specialty stores. Cash collections during the 10 months to October 31 were $2.229 billion, $100 million more than the prior comparable period in 2022. “We

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Aeon Mall: Falling costs in Japan and rising sales abroad

Inside Retail

Specialty store sales at the company’s six malls rose by 8.8 Specialty store sales across its three malls have been mostly flat with last year despite the renovation and extension of Aeon 1 in downtown Phnom Penh (more formally called Aeon Mall Phnom Penh). Cambodia has been a lot more problematic.

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With Sights on Global Growth, Draper James Sells Majority Stake

Retail TouchPoints

Draper James’ DTC ecommerce site and three retail stores will remain open, but the brand also plans to extend its presence globally to premium department and specialty stores, as well as expand its exclusive collection with Kohl’s.

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Half share in Adelaide’s Westfield Tea Tree Plaza sold for $308m

Inside Retail

Other tenants include Coles, Woolworths and Aldi, nine mini-majors and about 201 specialty stores. .” Westfield Tea Tree Plaza has a total gross lettable area of 101,052sqm and is home to Myer, Big W, Kmart, Target and Harris Scarfe. The shopping centre attracts an estimate of 10.8 million customers per year.

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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space. Victoria’s Williams Landing Shopping Centre has been sold for $60 million after owner Cedar Woods accepted an unconditional offer which also includes one hectare of adjacent development land.

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Sans Drinks acquired by online retailer Just Wines

Inside Retail

Collapsed Australian non-alcoholic drinks specialty store Sans Drinks has been acquired by online wine retailer, Just Wines. In July, the company entered voluntary administration citing competitive pressures and softening sales. On Monday, creditors resolved to accept the Deed of Company Arrangement (DOCA) proposal.

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Half share of Sydney’s Carlingford Court sells for $120.5 million

Inside Retail

The centre occupies a 33,298sqm site, and is anchored by Coles, Woolworths and Target, along with 65 specialty stores including Bing Lee, Fitness First and The Reject Shop, cafes, restaurants and takeaway outlets.