Scentre Group saw its net operating income jump 10% compared to the same time last year.
👉 Background: Scentre Group was founded in 2014 as the smaller spin off the Westfield Group. Scentre Group owns Westfield's Australian and New Zealand's 42 shopping centres.
👉 What happened: Despite the supposed slowdown in consumer spending, Scentre Group saw its net operating income jump 10% compared to the same time last year.
👉 What else: On top of this, it managed to increase customer visits by nearly 10% to over 314 million. And, they reckon it's because of collabs within the shopping centres with organisations like Disney and Netball Australia.
💡Capture their feet and capture their wallets. The success of individual retailers is very closely linked to the overall foot traffic generated by the shopping centre.
💡When a shopping centre pulls a crowd, the retailers are the beneficiaries. Given the average spend per shopping centre visit is more than $60 in AU, it's worthwhile drawing people in
💡That's why shopping centres create reasons for customers to spend more time inside. Think: community events, performances, even workshops.
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