Westfield World Trade Centre gears up for $1bn in annual sales

Wednesday, 28 October 2015

What was once Ground Zero, the devastating mass of rubble of the twin towers 9/11 tragedy in 2001, is now a new World Trade Centre with one of America's most significant shopping mall locations now reporting it is at capacity with stores.

The Westfield World Trade Centre is now fully leased, according to owner Westfield US. Since the West Concourse of the World Trade Center opened two years ago, the project’s 125 stores will all be occupied by 2016.

Sales are expected to boom, with plenty of tourists and visitors expected to help achieve 700m-1bn dollars in annual retail sales and 2,000-3,000 dollars in sales per square foot, the company has said.

Tiffany & Co and Tom Ford have leased two-level spaces while H&M reportedly plans to open three stores at the project – for the signature brand, Cos and & Other Stories.

Westfield on Monday released the names of a new retailers, including Charles Tyrwhitt, Une De 50, True Religion, Lacoste, Victoria’s Secret, Kate Spade, Art of Shaving, Penhaligon’s, Crabtree & Evelyn, Kiko Milano, MAC Cosmetics, Rituals Cosmetics and a stand-alone Victoria’s Secret Beauty. They are in addition to the previously revealed Aesop, Aldo, Camper, Dune London, LK Bennett, Michael Kors, Reiss, Under Armour and Vince Camuto.

Westfield World Trade Center has 365,000 sq ft of retail space with an additional 90,000 sq ft coming online when Tower 2 opens.

Image: Westfield World Trade Centre