Westfield reports steady annual specialty retail sales

Company News

Westfield Corporation (ASX:WFD) has reported annual specialty retail sales of $725 per square foot, flat for the three months and up 4.4 percent for the 12 months to March 2016.
 
Westfield recorded flagship sales productivity of $905 per square foot, up 1.8 percent for the three months and up 6.3 percent for the 12 months to March 2016.
 
The shopping centre company advised the Westfield World Trade Center was fully leased and scheduled to open in August 2016.
 
The company also said it expects to commence over $1 billion of projects in 2016 including the expansion at Valley Fair in Silicon Valley.
 
Westfield recorded a net profit of $3.18 billion at 31 December 2015.

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