Westfield Report 40% Profit Slump, Future Looks Okay
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February 21, 2024
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Westfield owner and operator Scentre has recorded a 41.8 per cent drop in its annual statutory profit Scentre’s annual result saw a... Read More
Westfield Sales Up 14.4% For Quarter
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May 11, 2023
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Westfield malls attracted 163 million customer visits over the first four months of 2023, an increase of 20 million shoppers from the... Read More
Westfield Owner Hits David Jones With Lease Breach Notices
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April 20, 2023
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Scentre Group could lock the new David Jones owner out of its department stores after sending eight breach of lease notices to... Read More
Shoppers Up 17% In Westfield Malls, Longtime Chairman Departs
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April 6, 2023
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Shoppers have flocked to Westfield malls in the first three months of the year, bucking concerns about a national spending slowdown. Over... Read More
OZ Retail Sales Rebound By 1.9% In January
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February 28, 2023
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Despite what Harvey Norman’s financials may suggest, Australians spent up big in January, with retail turnover rising 1.9 per cent, following a... Read More
Record Sales In Westfield Malls As Customers Return
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February 22, 2023
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Westfield owner the Scentre Group has beat earnings guidance for 2022 and pointed towards a rosy start to 2023. Not surprisingly, the... Read More
Vicinity Centres Appoints New CEO
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January 31, 2023
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Shopping mall landlord has named a new chief executive officer and managing director, following the departure of former boss Grant Kelley. Westfield... Read More
Department Store Sales Down 14.3%, Oz Retail Finally Crashes
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January 31, 2023
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Australian retail sales have finally crashed, following 11 months of continuous rises driven by inflation and pandemic savings buffers. December retail sales... Read More
OZ Black Friday Spend Increased In 2022
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January 11, 2023
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Australian retail turnover hit a new record high in November, figures the ABS say were driven by a bigger-than-usual Black Friday spend.... Read More
“Record” OZ Xmas Spend Just Inflation, Economists Argue
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January 9, 2023
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Australians spent an “unprecedented” $74.5 billion this holiday season, but economists are questioning whether this was a sign of Aussies splurging in... Read More