Australia's neighborhood retail centers face several challenges:

02/19/2012 | Age (Melbourne, Australia), The

Neighborhood retail centers in Australia are experiencing stress from a number of different sources. Westfield Group posted a 38% increase in operating profits in 2012, putting pressure on smaller retailers, which cannot absorb large rent hikes if they want to stay competitive. One result is that many are leaving neighborhood shopping centers, unable to stay on top of the costs.

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Age (Melbourne, Australia), The

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