Spending on apparel across Stockland’s Town Centres is not as strong as other categories, according to fresh FY25 results shared by the publicly listed company.
Moving annual total (MAT) sales in apparel across Stockland Town Centres lifted by 0.6 per cent in the year to June 30, 2025, hitting a total $381 million. Comparable sales were slightly less elevated, at 0.4 per cent.
However, second half comp sales in apparel were up 0.8 per cent.
Apparel MAT sales growth is below growth recorded in other categories. Food retail is up 7.8 per cent across the total portfolio and in comp sales, with homewares up 5.7 per cent. Food catering is up 4.9 per cent in total and 4.7 per cent in comp, while retail services is up 3.8 per cent and 4 per cent, respectively.
Across the specialty categories, apparel takes the largest share in terms of total MAT sales, followed by food catering ($347 million), retail services ($253 million), food retail ($129 million) and homewares ($45 million).
Total sales across all retail categories at Stockland Town Centres – including supermarkets and department stores – were up 2.2 per cent, hitting $4.9 billion.
Supermarkets make up the largest portion in terms of MAT sales, up 0.8 per cent to $1.64 billion. Comp MAT sales growth in the second half was down 0.5 per cent for the category.
Specialties are up 2.5 per cent to $1.52 billion, while discount department stores and department stores combined are up 1.4 per cent to $605 million.
In terms of total gross rent, apparel and jewellery tenants make up a majority of 19 per cent. At the other end of the scale is department stores (excluding discount department stores) making up 1 per cent.