Major buying centres turned over a report $54 billion in retail gross sales in the course of the first full yr of buying and selling for the reason that outbreak of the pandemic.
Melbourne’s Chadstone buying centre topped the listing with a $2.7b turnover within the 2022 calendar yr, which was 16 per cent increased than in 2019.
Westfield Chermside in Brisbane got here second with $1.2b in gross sales in 2022, adopted by Melbourne’s Highpoint and Westfield Fountain Gate with $1.1b every.
Sydney’s Westfield Bondi Junction rounded out the highest 5, additionally turning over $1.1b.
The listing was compiled by Shopping Centre News primarily based of self-reported information from the 91 greatest buying centres in Australia.
About 85 per cent of centres considerably elevated their annual turnover since earlier than the pandemic, in line with the outlet.
Monash University’s Eloise Zoppos stated analysis from earlier than and after lockdowns confirmed clients undoubtedly want bodily outlets over on-line retailers.
“Online shopping soared during the pandemic, a trend we’d seen on the rise in Australia for a long time, but we’re now seeing a slight correction in this trend,” Dr Zoppos stated.
“There’s many elements of bricks and mortar retail that simply can’t be replicated online and that keeps customers coming back to physical stores, like the sensory and tactile product experience, the social element and, when done right, face-to-face customer service.”
Dr Zoppos stated the report spoke to the resilience of Australian buying centres and the native retail trade.
Three new centres made extra one than $1b in gross sales – Pacific Fair on the Gold Coast, Westfield Miranda in Sydney and Westfield Carindale in Brisbane.
Source: www.perthnow.com.au
