Apparel Sales Remain Flat in Stockland Town Centres
According to Stockland's latest trading update, apparel sales have recorded the lowest growth among specialty categories.
- Moving annual total (MAT) in apparel: $383 million, up 0.9% from the prior period.
- Food retail MAT growth: 8.2% to $132 million.
- Food catering MAT growth: 5.7% to $353 million.
- Homewares MAT growth: 4% to $53 million, with 0.7% growth between Q1 FY25 and Q1 FY26.
- Retail services MAT growth: 5.4% to $256 million.
These results exclude assets redeveloped within the past 24 months, such as Stockland Piccadilly in New South Wales.
No direct quote available in the given text.
Author's summary: Apparel sales growth is the lowest among specialty categories in Stockland town centres.