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Vicinity Centres reports stable retail sales across its malls

Inside Retail

per cent uplift in portfolio sales for the third quarter ended March 31. Our operating metrics remain strong and continue to be underpinned by retailer demand for physical stores, particularly in our premium centres, and strong retail sales growth since the end of the pandemic,” said CEO and MD Peter Huddle.

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Christmas retail sales tipped to top $60 billion

Inside Retail

Australian Christmas retail sales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Covering the pre and post-Christmas shopping periods, that figure would represent a 3.9 per cent increase over last year.

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Retail Sales Incentive Programs

Retail Focus

Retail sales incentive programs are an excellent way for retailers to reward their most valuable assets—their employees—by showing tangible gratitude. There has been a lot of talk lately about how customer service and retail jobs are on the decline. Retail Sales Incentive Programs: What Are They and Why Are They Used?

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Australia’s retail sales growth can’t last. Here’s how to prepare for it

Inside Retail

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent) and department stores (down 0.4

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Australian retail sales are looking strong

Inside Retail

Australian retail sales reached a record high in the last three months of 2021. This was due to relaxed virus restrictions and end-of-year holiday shopping, which underpins a robust economic recovery. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales.

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Retail sales surge 9.4 per cent – but good times ‘could be short lived’

Inside Retail

Australian retail sales surged 9.4 per cent in March compared with the same month last year as the impact of Omicron on consumer shopping behaviour wore off. Month on month, sales were up 1.6 And the volume of retail sales reached a record $33.6 And the volume of retail sales reached a record $33.6

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Retail sales recovery boosts Vicinity Centres’ bottom line

Inside Retail

million, benefitting from the “continued strength of retail sales” which led to improved cash collections, rental growth, and a higher percentage of rent. Further reading: Vicinity Centres to trial battery storage at two malls The post Retail sales recovery boosts Vicinity Centres’ bottom line appeared first on Inside Retail.