The cost-of-living crunch and a greater scrutiny on grocery prices has hit sales growth in supermarkets across the country, the CEO of the country’s biggest suburban mall landlord says.

“We’re seeing a lot of discounting and a lot of promotional activity [in supermarkets in our malls],” Region Group boss Anthony Mellowes told analysts as the $4.4 billion landlord reported earnings growth slightly below guidance for FY24.