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ASX Announcement 5 VICINITY CENTRES 4 May 2021 March 2021 quarterly update Vicinity Centres ( Vicinity , or the Company , ASX : VCX ) today released its quarterly update for the three months ended 31 March 2021 ( 3QFY21 ) . Mr Grant Kelley , Chief Executive Officer and Managing Director , said : “ After a challenging 12 months , we are seeing signs of recovery , with improved centre visitation and retail sales during the quarter . Whilst overall retailer confidence remains fragile , retailers are increasingly committing to new leases versus previous quarters which is encouraging . However , as the recent quarter has demonstrated , risks of further disruptions from snap lockdowns remain , while tourism and the timing of office workers returning to CBD offices is uncertain . We are focused on continuing to navigate the risks and uncertainties whilst managing the business for the long term " . Performance and operational summary¹ Retail sales Portfolio retail sales declined 7.0 % in 3QFY21 relative to 3QFY19 reflecting a subdued but improving retail sales environment . Supermarket sales continued to be solid , up 1.5 % in 3QFY21 relative to 3QFY19 . Throughout the height of the COVID - 19 pandemic , supermarket and fresh food sales benefited from hyper - local shopping , increased cooking at home and some panic buying as lockdowns became effective . Discount Department Stores sales ( + 11.7 % ) continued to outperform Department Stores ( -22.4 % ) during the quarter and combined mini majors and specialty stores reported a 5.7 % decrease in sales as discretionary spending remains in recovery . In the month of March 2021 , total portfolio sales neared pre - COVID levels , declining 2.3 % relative to March 2019. Importantly , while centre visitation is growing , the rate of retail sales improvement is greater , highlighting that consumers are spending more per visit ( average spend increased 23 % in March 2021 ) . Strong spend per visit in conjunction with increasing centre visitation may be a positive lead indicator for continued recovery . Further sales information can be found in the Appendix . 1 During 3QFY21 , key performance metrics were impacted by several snap lockdowns in Perth , Melbourne and Brisbane , as well as restrictions on gatherings across Sydney . Similarly , national COVID - 19 restrictions were introduced in late March 2020 ; impacting the prior corresponding period analysis . To enhance comparability , current performance metrics within this release have been measured against corresponding months and quarters in 2019 unless otherwise stated . Vicinity Centres National Office Level 4 , Chadstone Tower One 1341 Dandenong Road PO Box 104 Chadstone VIC 3148 T +61 3 7001 4000 F +61 3 7001 4001 vicinity.com.au Vicinity Limited ABN 90 114 757 783 and Vicinity Centres RE Ltd ABN 88 149 781 322 As responsible entity for : Vicinity Centres Trust ARSN 104 931 928