Australia news LIVE: Scott Morrison resists calls to resign amid minister portfolio saga; governor-general’s role questioned by MPs – Sydney Morning Herald
Shoppers are spending nearly a third more each time they visit Australia’s malls than they did pre-COVID and are treating themselves to new wardrobes, jewellery and luxury goods.
The country’s need for post-pandemic pampering in malls such as Melbourne’s Chadstone and Sydney’s Strand Arcade is good news for landlord Vicinity Centres, which has reported a full-year statutory profit of $1.21 billion after suffering a $258 million COVID-related loss the year before.
“We have seen shoppers, keen to refresh their wardrobe, indulge in high-value items such as jewellery and luxury goods, as well as return to intensive dining and entertainment activities,” the landlord’s chief operating officer, Peter Huddle, said.
“We saw a steady improvement in visitation and shoppers continued to spend, on average, 30 per cent more per visit than pre-COVID.”
Vicinity chief executive Grant Kelley said favourable trading conditions were underpinning an “acceleration” in the recovery of shopping centres and…
The post Australia news LIVE: Scott Morrison resists calls to resign amid minister portfolio saga; governor-general’s role questioned by MPs – Sydney Morning Herald first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2022/08/16/australia-news-live-scott-morrison-resists-calls-to-resign-amid-minister-portfolio-saga-governor-generals-role-questioned-by-mps-sydney-morning-herald_2022081627513.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.