Business
Mall giant Vicinity says shoppers are staying for longer and spending more – Sydney Morning Herald
Australia’s second largest retail landlord Vicinity Centres says shoppers are spending more money on each visit to its centres, an early sign of recovery for the…
Australias second-largest retail landlord Vicinity Centres says shoppers are spending more money on each visit to its centres, an early sign of recovery for the nations hard-hit shopping malls.
But Vicinity, which owns and manages 60 malls nationwide, said retailers confidence is still fragile and retail sales for the March quarter were down 7 per cent on the previous corresponding period.
Vicinitys large portfolio includes a half share of Australias biggest shopping centre, Chadstone, and Sydneys…
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