Topshop has signed up its third strategic site in Melbourne’s new Myer Emporium, with another major international retailer under due diligence, according to owner CFS Retail Trust.
Speculation surrounds names such as H&M and Uniqlo as the possible tenants of the new three-floor flagship store in the development.
Despite the underlying weaker retail market, the fund’s manager, Michael Gorman, said the group’s ability to change the mix of tenants had helped offset the conditions. He forecast sales growth of about 4 percent for the coming year from the revamped DFO stores, the extension at Chadstone, Melbourne and the new Myer Emporium.
(Source: The Sydney Morning Herald Online)