Westfield’s quarterly financial report has provided an insight into the thriving sectors of the retail industry, which include cafes and takeaway food outlets.
The report was taken of all shops/outlets contained within Westfield centres, and revealed that cafes and takeaway food outlets in Westfield centres, footwear retailers, jewellery retailers and cinemas have enjoyed a surge in sales since the beginning of the year, whilst discount department stores and regular department stores have experienced a slump in profit.
However, overall the retail sector is fairing well says Westfield group managing director Steven Lowy, aided by the Government’s stimulus packages.
Westfield has reported a rise in sales of 0.3 percent across it’s global portfolio for the three months to March 31 confirming that shoppers are still… shopping.
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