Back to the mall: ‘Westfield Bondi rather than Bondi Beach’
Online shopping? Pandemic? Peter Allen says the millions in lockdown are still itching to get back to Westfield shopping centres and the best is yet to come for retailers and landlords alike.
The millions of packages being delivered to Australian households offer startling evidence of the surge in online shopping – one greatly accelerated by COVID-19.
Yet Peter Allen, chief executive of Scentre’s 42 Westfield centres, predicts online shopping, while continuing to grow, will revert to more like pre-pandemic levels as a percentage of retail sales.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
