On a day in which the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is storming higher, one share in particular is missing out on today’s rally.

That share is international shopping centre operator Westfield Corp Ltd (ASX: WFD). This morning Westfield’s shares dropped by almost 3% following a sell off in bond proxies and the release of a mixed third-quarter update.

As of the last quarter, Westfield reported that specialty retail sales grew 3.3% in its flagship shopping centres over the last 12 months, with regional centres seeing sales fall 0.9% over the period.

Although its flagship centres have performed reasonably well over the last 12 months, worryingly sales have begun to decelerate in the most recent quarter. In the last quarter flagship centre sales increased just 2.2%, dropping below the rolling 12-month rate of 3.3%.

The performance of its flagship centres is incredibly important as they account for 81% of Westfield’s portfolio. Any drop in sales could potentially point to weakness in bricks-and-mortar retail shopping, ultimately leading to lower occupancy levels and falling rents.

Occupancy levels at its flagship centres are at 95.8% and the average specialty store rent per square foot increased by 4.8% to $106.46 over the last 12 months.

As two-thirds of its revenue derive from the US market, a thriving US economy would do wonders for the company. If Donald Trump can bring about an economic boom that encourages consumer spending then Westfield could be a company that benefits greatly.

At 15x full year earnings it may be cheaper than its local spin off Scentre Group (ASX:SCG). But in my opinion there are far better investments in the retail space such as Premier Investments Limited (ASX: PMV) and Bapcor Ltd (ASX: BAP).

Alternatively these growth shares could be just what you need to get your portfolio jumping higher. Are they in your portfolio yet?

Why These 3 Blue Chip Shares Are Set to Soar for Smart Investors

Discover The Motley Fool's Top 3 blue chips for Smart Investors. These 3 'new breed' shares pay fully franked dividends AND offer the prospect of significant capital appreciation. Simply click here to gain access to this comprehensive FREE investment report.

No credit card required!

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Bapcor. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.