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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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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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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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Vicinity Centres sells half share in Broadmeadows Central

Inside Retail

The shopping centre is located 19 km north-west of Melbourne CBD and is anchored by Kmart and has three supermarkets – Aldi, Coles and Woolworths – along with Hoyts Cinemas and more than 115 specialty stores.

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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.

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Why Aeon Mall is looking outside Japan for future growth

Inside Retail

Regional trends This year, Aeon expects specialty store sales in its China shopping malls to grow by 30 per cent, which would normally be a forward indicator of strongly positive leasing spreads. Meanwhile, Aeon expects specialty store growth in both its Japan and Vietnam malls of 10 per cent this year.