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Mall giant Vicinity says shoppers are staying for longer and spending more – Sydney Morning Herald

Australia’s second largest retail landlord Vicinity Centres says shoppers are spending more money on each visit to its centres, an early sign of recovery for the…

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Australias second-largest retail landlord Vicinity Centres says shoppers are spending more money on each visit to its centres, an early sign of recovery for the nations hard-hit shopping malls.
But Vicinity, which owns and manages 60 malls nationwide, said retailers confidence is still fragile and retail sales for the March quarter were down 7 per cent on the previous corresponding period.
Vicinitys large portfolio includes a half share of Australias biggest shopping centre, Chadstone, and Sydneys…

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