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This added to a group-wide slip in gross margin for Super Retail Group.

Casey is the former CEO of Kathmandu.

It comes amid a revamped retail footprint in Melbourne CBD over the last few months.

“A turnaround in the economy can't come soon enough," Retail NZ CEO Carolyn Young said.

It comes as fashion sales remain subdued across the Australian market.

The multi-billion dollar luxury group has signed a number of new leases in Chatswood.

Total MAT sales in apparel across Stockland's Town Centres hit $381 million in FY25.

But its margins have taken a hit.

This is despite confidence among homeowners being higher than those with mortgages.

More than 80 per cent of total issues found have since been resolved by FY24 end.

The space used to be leased by P.E Nation, an Australian sporting brand.

It comes as growth at its Kogan.com marketplace offsets impacts at the NZ subsidiary.

Group CEO Vivek Kumar called it an important defensive move in the company’s ecosystem. 

The new CEO has held executive appointments at several global digital and retail companies.

AliExpress ANZ country manager Alfy Zhang said the rollout comes as cost-of-living pressures continue to challenge consumers. 

"We're pleased to deliver a strong FY25 result," CEO Mark Teperson said.