Your Local Shopping Centre Is About To Change Forever
The country’s largest retail landlord, Centre Group, has a new strategy to try and battle Amazon’s impending launch in Australia.
The company will begin to increase the number of tenants that offer lifestyle, entertainment and food options.
In its interim result, the retail industry's bellwether said its tenants in the food retail, food dining, technology & appliances and retail services categories grew sales by 1.5 per cent, which helped offset the continuing declines in department and discount department stores.
More than 100 new stores have been added across 39 Westfield malls, with he popularity of food and home renovations TV shows have seen an increase in demand for these type of retailers.
So expect your malls to become bigger versions of food courts soon!