Shoppers selective, not broke: Scentre CEO

Retail sales are rising despite pressure from online, but consumers are just becoming more selective with what they buy, Scentre's chief executive says.

Australian consumers aren't broke but are being more selective about the products they buy, according to the man in charge of the country's Westfield shopping centres.

Scentre chief executive Peter Allen told reporters at an Australia-Israel Chamber of Commerce event on Thursday that he believes consumers' mood is still "pretty good" as retail sales continue to rise despite pressure from online outlets such as Amazon.

"We are seeing a little bit of a mix in terms of retailers and their performance, but a lot of that comes down to the product they have and the service they are providing," Mr Allen said.


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Source: AAP



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