Sunday 8 April 2018

Westfield Warns Its Retailers

CEO Peter Allen has warned retailers that they need to keep up with consumer trends if they are to find a place in Westfield centres.

Allen said that digital disruption was necessitating a change in the way retailers dealt with their customers and there was an obligation to ensure compelling reasons for customers to visit their centres.

Allen said the landlord will “proactively curate” its tenancy mix to meet the needs of customers. “We understand the value of our space and want to facilitate those retailers who customers engage with at our centres.”

His comments were made as retailers continue to put pressure on landlords to reduce their store holdings and the cost impact of rent.