Stockland has reported a 2.7% drop in its moving annual total of apparel sales through March 2018 across all centres in its Q3 2018 market update.
Apparel was the only retail area to post a drop in sales for the group with overall speciality sales up 1.6% over the past 12 months.
The group had previously announced a 2% drop in apparel sales in its 1H 2018FY financial report.
In its announcement, Stockland said the company would be looking to move towards higher growth categories for its future apparel tenants and working towards higher quality stores.
Stockland bolstered its sales numbers with the company announcing that its $414 million Green Hills redevelopment was trading above expectations across all sectors.
Stockland managing director and CEO Mark Steinert announced that the redevelopment had delivered an improved growth in sales for retailers since opening in March.
“In March, we opened the third stage of the flagship $414 million Green Hills redevelopment where on-average sales for existing retailers are up almost 10% since launch and customer visits to the centre exceeded 135,000 in the first three days alone.”