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WESTFIELD SAYS RETAIL SALES SAGGING IN UNITED STATES.
MELBOURNE, March 3 Asia Pulse - Shopping mall operator Westfield Group (ASX:WDC) says retail sales have sagged in the United States, but there is no sign of a slowdown in Australia.
Westfield joint managing director Steven Lowy said retail sales in the US had "slowed pretty much across the board", although the west coast, where most of Westfield's assets were positioned, was performing better than the rest of the country.
Mr Lowy told the ABC's Inside Business program that there had been no sign of a slowdown in Australia.
"January sales which I have seen are consistent with the growth of 2007, and again it's pretty much across the board," Mr Lowy said.
"It's not just the states that are driven by the resource boom of Queensland and Western Australia; the other states are very strong as well."
Mr Lowy also said that Westfield was expecting "dramatic" growth in its development projects in the United Kingdom.
"I think it will grow dramatically as we develop the pipeline going forward," Mr Lowy said.
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Source: HighBeam Research, WESTFIELD SAYS RETAIL SALES SAGGING IN UNITED STATES.