Luxury giants Gucci, Louis Vuitton and Tiffany & Co are among the big winners at Westfield Bondi Junction.

Morgan Stanley analysts took to the shopping centre on Sunday, finding 64% of retailers trading with further openings expected this week.

The finding was up from 45% one week ago, according to a report issued by the firm.

With the easing of COVID-19 restrictions, analysts counted a total of 304 retail tenancies during their visit with 192 trading.

Foot traffic was comparable to a typical weekend day, according to the report, and two to three times higher than last week on their estimates.

A number of stores had queues to enter, including Gucci, Louis Vuitton, Tiffany & Co, Cotton On Body and Lululemon.

Closures were dominated by mid-range fashion, while Myer and Event Cinemas were the only major tenants not trading.

However, it wasn’t all good news. 

There were a number of vacant stores with no hoardings, indicating recent closures.

The vacancies come at a tough time for retailers battling rents, with Colette By Colette Hayman and G-Star Raw among those recently entering administration. 

Morgan Stanley analyst forecasts assume an 80% rent cut for Apr-Jun, 50% for Jul-Sep, then a -20% rebase onwards.

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