Find in the news:
BY COUNTRY

Pandemic changes retail in London



The shopping streets will gradually become a place of leisure rather than shopping.
London Oxford Street Depositphotos

The retail market in London is changing its usual outline under pressure from the pandemic and restrictions. By 2020, the UK will close a record number of stores of about 20,000, writes CNBC, and citing research.

Simultaneously, as around the world, shoppers are increasingly leaving physical stores for online purchases. According to the British Office of National Statistics, the percentage of online sales in the total retail market rose from 19 to 33 percent just in the first months after the start of the pandemic. By November, that figure had increased to 36 percent.

Analysts say that many retailers, including market leaders, have found themselves where it has become unprofitable and almost impossible to keep stores on the main shopping streets. 

Earlier, the primary British fashion retailers Debenhams and Topshop had been in a pre-bankruptcy state from external management's introduction to new owners' sales. 

Many international brands have been forced to reduce their presence in physical retail. Gap will close one of its flagship stores on Oxford Street as part of a program to optimize its network in Europe. 

Analysts note that the main shopping streets will gradually turn into a place of leisure, not shopping, as it was in recent decades. Instead of stores in central locations, it will open more coffee shops, theaters, cinemas, and a lot of public events. 

Market participants agree that while shopping for goods is flowing online rapidly, real estate on pedestrian streets will increasingly be refocused on shopping experiences, experiences, and leisure.

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us