Robina Town Centre hits billion-dollar MAT milestone
The Gold Coast’s Robina Town Centre has recently reached $1bn in retail sales turnover – positioning it among Australia’s highest-performing shopping centres and the first QIC centre to reach the...
Vicinity delivers resilient financial results and demonstrates execution of long-term growth strategy
Vicinity Centres has announced its results for the six months ended 31 December 2023 (‘1H FY24’), with statutory net profit after tax (‘NPAT’) of $223.5 million and Funds From Operations...
Biggest ever Black Friday set to topple Boxing Day in 2023
More Australians than ever are planning to take advantage of Black Friday with around 10 million shoppers expected to search for a bargain ahead of Christmas, representing 14% growth on...
Melbourne Central records busiest month of foot traffic since the pandemic
Melbourne Central has announced the opening of 25 new stores between September and December this year, after recording its busiest month of foot traffic since the pandemic. More than four...
Scentre Group announces its seventh centre to achieve an MAT in excess of $1 billion
Westfield Doncaster has celebrated a major milestone, surpassing $1 billion in Moving Annual Turnover (MAT) in January this year, for the first time. Westfield Doncaster joins six other Westfield destinations...
Pre-Christmas sales forecast to reach $63.9b as consumers trim household budgets to pay for Christmas splurge
According to new research released today by the National Retail Association (NRA), Australian consumers are cutting back on luxury goods and services, looking for bargains and switching to cheaper brands...
Australian retail sales highest in four months
Australian retail sales jumped 1.3% in July, the highest rise in four months, according to the latest release (July 2022) of the monthly ABS Retail Trade data. Australian retail sales...
Vicinity’s FY22 results driven by strong operational execution and resilient retail sector
Vicinity Centres has released its results for the year ended 30 June 2022. FY22 was a year of recovery and progress at Vicinity, with the results highlighting strong operational and financial...
GPT delivers solid results despite uncertain economic environment
The GPT Group has announced its results for the six months to 30 June 2022, delivering a solid result in the half, despite the ongoing impacts of the pandemic and...
Customer focus pays off as Scentre Group posts strong results for the quarter
Scentre Group today announced an operational update for the first three months to 31 March 2022. During the three months, the Group completed 536 lease deals, including 237 new merchants,...
GPT results demonstrate resilience as the Group unlocks mixed-use opportunities
The GPT Group held its 2022 Annual General Meeting yesterday and announced its operational update for the quarter ended 31 March 2022. Despite the challenging year occupancy is above 99%, which demonstrates the...
Retail sales continued to perform well in February according to ABS figures
Retail sales continue to track well according to the latest figures (February 2022) of the monthly ABS Retail Trade data indicating that the overall month-on-month (m-o-m) estimate increased by 1.8%,...
Bridging the COVID-19 gap through automation
The 2021 Frank Lowy Fellowship recipient, Digital Solutions Manager Elizabeth Craig, was recognised for her role in delivering several digital innovations to drive efficiency and connection with special mention for...
Australia post-COVID: Population and retail sales outlook
This article by Tony Dimasi, Head of Advisory at GapMaps is featured in the latest issue of SCN magazine – September/October Mini Guns edition. On 28 June 2021, the Australian Department of...
Vicinity delivers on strategy with strong operational execution
Vicinity Centres (ASX:VCX) today announced its results for the 12 months ended 30 June 2021 (FY21), with a statutory net loss after tax of $258 million, however the group delivered...
Charter Hall’s retail portfolio continues to demonstrate resilience through COVID-19
Charter Hall Retail REIT (CQR) announces its FY21 results for the period ended 30 June 2021. The CQR portfolio has continued to demonstrate its resilience through COVID-19 mandated closures and...
GPT results show strong retail recovery following COVID-19 restrictions
The GPT Group announced its results for the six months to 30 June 2021. GPT’s retail portfolio saw a solid recovery in performance in the first half of the year with...
July retail figures +3.2% but an uncertain future awaits
Australian retail turnover rose 3.2% in July 2020, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This updates the preliminary result of a 3.3% published...
June sales reflect a one-off positive position ahead of the downturn
The Australian Bureau of Statistics (ABS) has this week revealed that retail sales rose by 2.7% in June, however retail volumes fell by a sharp 3.4% for the June 2020...
Retailers welcome rent relief ruling by ACCC, while the full force of COVID-19 hits April sales
The National Retail Association (NRA) has today welcomed a ruling by the ACCC to authorise tenants to collectively bargain with landlords for continued rental relief if they’ve been adversely affected...
Preliminary March +8.2% retail figures fuelled by panic buying
Australian retail turnover rose 8.2% in March 2020, seasonally adjusted, according to preliminary retail trade figures released yesterday by the Australian Bureau of Statistics (ABS). This is the strongest seasonally...
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