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Fashion Jobs
ESTÉE LAUDER COMPANIES
Online Business Analyst, Asia Pacific
Permanent · Hong Kong
VF
Senior Merchandising Manager - Regional Line Product Creation
Permanent · 香港
ESTÉE LAUDER COMPANIES
Lead, Project Manager, IT, Asia Pacific
Permanent · Hong Kong
VF
Senior Merchandising Manager
Permanent · 香港
VF
Senior Merchandise Operations Manager
Permanent · 香港
VF
Area Manager
Permanent · 香港
VF
Business Analyst
Permanent · 香港
VF
Manager, Global Supply Planning
Permanent · 香港
VF
Senior Manager, Quality Strategy
Permanent · 香港
VF
Supply Chain Operations Manager, Dickies Asia
Permanent · 香港
VF
Merchandise Manager
Permanent · 香港
ESTÉE LAUDER
Regional Education Director, Estee Lauder, Asia Pacific
Permanent · Hong Kong
VF
Senior Manager, Regional Projects
Permanent · 香港
LEVI'S
Gsp Purchasing Operations Analyst
Permanent · Wan Chai
ESTÉE LAUDER COMPANIES
Contract HR Services Representative, Asia Pacific (6-Months Contract)
Permanent · Hong Kong
NIKE
sr Marketplace Planning Manager
Permanent · Hong Kong
COS COLLECTION OF STYLE
Cos Part Time Sales Advisor
Internship · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Lead, Supply Chain Application Support, Asia Pacific
Permanent · Hong Kong
EXCUSE MY FRENCH
Sales Executive
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Director, Data & Applications, IT, Asia Pacific
Permanent · Hong Kong
PUMA
Administrator, IT Infrastructure
Permanent · Hong Kong
ESTÉE LAUDER COMPANIES
Manager, Global Public Affairs, Asia Pacific
Permanent · Hong Kong
By
Reuters API
Published
Jul 30, 2020
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Westfield owner's net rental income hit by pandemic

By
Reuters API
Published
Jul 30, 2020

Europe's largest property firm Unibail-Rodamco-Westfield posted a 14.2% like-for-like decline in first-half net rental income on Wednesday after malls were forced to close during Covid-19 lockdowns, but it said shoppers were returning. Unibail reported net rental income of €1.07 billion, down from €1.25 billion a year earlier.


Westfield



The company had to close almost all its centres for an average of 67 days from mid-March. Malls in Germany, Austria and Poland were the first to reopen, with most of the rest of the group's premises now operational again.

The company said footfall in the European centres has shown an "encouraging recovery" so far. In regions that reopened 11 to 12 weeks ago, footfall is generally trending at 80%-90% of the same period in 2019.

However, Unibail warned that pandemic risk has not fully subsided and its impact on operations and financial results remains material.

The pandemic also affected Unibail's leasing activity, with 661 leases signed group-wide, a 44% decline compared to the first half of 2019.

The bricks-and-mortar retail environment has long been considered challenging in the face of increased competition from the likes of Amazon , and the pandemic has accelerated a trend of customers moving online to do their shopping.

Meanwhile, data from Ernst & Young shows 46% of consumers across Europe aim to shop more locally in the long term than they did before the pandemic.
Unibail, which counts leading European malls such as the Forum des Halles in Paris and Madrid's La Vaguada among its assets, said it is too early to provide new guidance for 2020.

Peer Klepierre also said on Wednesday it was not able to provide reliable guidance for full-year earnings.

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