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



DAY BEFORE YESTERDAY, USA:
The release of FiftyFifty is timed to coincide with International Women's Day and is designed to challenge couples to be a frank yet casual conversation.
DAY BEFORE YESTERDAY, Spain:
The new buildings and renovations will result in a massive office space designed to attract new talent.
Mar 4, 2021, Spain:
Despite an earlier agreement to create new jobs, Inditex announced its intention to close more than 1,200 stores worldwide.
Mar 4, 2021, USA:

About 20 percent of the company's branded stores will close by the end of 2021 as it decides to focus more on developing online sales.
Mar 4, 2021, United Kingdom:
Shoppers will appreciate grocery shopping without cashiers and queues in the Amazon Fresh store in London.
Mar 3, 2021, USA:
The company's goal is to open new stores, renovate existing ones, and develop online retailing.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


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