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Kiwi Westfield Malls’ retail sales worth more than $10k per square metre

  • News
  • May 11, 2015
  • Elly Strang
Kiwi Westfield Malls’ retail sales worth more than $10k per square metre

The owner and operator of Westfield malls announced an annual turnover in New Zealand of $2.3 billion.

The nine centres have 1410 stores operating within them.

Five of the malls are joint ventures with the Singaporean Government Investment Corporation and four are wholly owned, but the company says it’s keen to sell the four wholly owned malls.

The four centres it wants to sell are located in Henderson and Glenfield in Auckland, in Chartwell in Hamilton and Queensgate in Wellington’s Lower Hutt.

Specialty retail sales in New Zealand grew 2.8 percent in the last year and 5.9 percent in the last three months.

Comparing sales growth, “majors” (such as supermarkets) grew 2.4 percent in New Zealand in the past 12 months. Mini majors (such as JB Hi-Fi) grew 0.9 percent.

Scentre Group says state-of-the-art wifi will be rolled out at 26 centres by the end of this year, but doesn’t confirm if any are in New Zealand.

It’s also launched a SmartScreen network, which is an in-house digital advertising network of 1200 digital displays across its stores.

CEO Peter Allen says this will create a new, sophisticated channel to connect with shoppers.

As for development opportunities, it says there is potential to develop its three Auckland-based malls in Albany, Newmarket and St Lukes.

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  • December 15, 2017
  • Sarah Dunn
Fit-Out: Retreat to the Wine Cave

A wine retail outlet like no other opened in Auckland’s Newmarket in October. The Wine Cave is intended to create a subterranean-feeling, luxurious atmosphere that showcases high-end wine to its best effect.

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Amazon is coming

  • News
  • December 15, 2017
  • Greg Harford
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If there's one word that strikes fear into the heart of many Kiwi retailers, it's "Amazon". This massive global business has enormous scale; a turnover nearly two and a half times that of the entire New Zealand retail sector; and a share price of nearly NZD$1,400.

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Back in Time: Kowtow

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Created in 2007 by Gosia Piatek, Kowtow launched from a small home-based dream to one of New Zealand’s most respected ethical brands as it celebrates its first decade in business.

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