The importance of a department store as an anchor tenant in a shopping centre is diminishing to the extent that malls being built or redeveloped now devote more space to food than Myer or David Jones.
Westfield managers told the company’s investor day last week that the plans for the new Miranda redevelopment in Sydney show a continued shift in Westfield’s design towards fresh food, with a market-style area for produce, as well as catered food.
The centre will add 10 new "mini majors", as stores like JB Hi-Fi and Priceline are known in the industry, with a focus on international "fast" fashion, exemplified by the likes of Spain’s Zara, as well as a zone for premium brands.
(Source: The Sydney Morning Herald Online )