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Westfield: cafes & takeaway retail winners in downturn

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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