Friday 29th January 2021
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Kiwi Property today reported the December 2020 sales for its retail portfolio, including a 4.2% increase on the prior year. Specialty store sales grew 9.3%, while major retailers recorded a 6.5% year-on-year uplift.
Sales at Sylvia Park, New Zealand’s favourite shopping centre, were up 12.0% in December, compared to the same time the year before. The newly opened Level 1 expansion contributed to sales increases at both specialty stores (+20.7%) and major retailers (+20.1%).
Kiwi Property also provided a sales update for the December quarter. During the last three months of 2020, sales across the company’s shopping centres increased 6.1% on the prior comparable period, with specialty stores and major retailers up 9.5% and 8.0% respectively.
Linda Trainer, Kiwi Property GM Asset Management, said: “sales have remained strong at our retail portfolio since the COVID-19 lockdown last year, including standout Black Friday and December shopping periods.
“While the pandemic has had a significant impact on New Zealand’s retail sector, it’s great to see shoppers supporting their favourite brands and we look forward to that trend continuing in 2021.”
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