The marketing director of the group behind Westfield shopping centres has brushed away concerns that malls could be threatened by pure-play online retailing. He said “very few” of them have ever made a profit and questioned how many would be around in five years.
Except, perhaps, for possum merino fibre, New Zealand has nothing to offer the world that shoppers can’t get elsewhere, so Kiwi retailers need to strategise carefully. Speaker Ian Jindal started his talk at Westfield’s retail breakfast in SkyCity on Monday with this statement.
Scentre Group’s first quarter update shows that bricks and mortar stores are still holding strong - in malls at least. Its Westfield malls’ sales in New Zealand grew almost six percent in the first three months of 2015. The nine malls are worth $1.9 billion, with retail sales hitting more than $10,000 per square metre.
The CEO of retail specialist agency Hotfoot, Juanita Neville-Te Rito, introduces some of her favourite new concepts from retail.
A burst water pipe on Oteha Valley Rd cutting off Albany’s water supply on the North Shore has forced Albany mall to remain closed for the day.