Find in the news:
BY COUNTRY

People began to spend more, but fewer believed in the economy



Even though consumers have begun to make more frequent purchases, their confidence in the future has declined over time.
photo_of_person_handing_card

According to Barclaycard, consumer spending in Britain increased by 0.2% year on year in August. And this is the first increase since February 2020. Expenditure on essential goods increased by 5.1% year on year, sales of clothing rose by 0.3%, and purchases in supermarkets increased by 14.9%.

But the level of confidence in the economy fell to the lowest level in the history of Barclaycard indices, amounting to only 19 percent. Fewer and fewer Britons are optimistic about the future, fearing the coming economic turmoil. It is possible to assume that similar sentiments were observed in other countries.

At the same time, company data show other changes that have occurred in recent months. For example, consumers are more likely to shop online - months of isolation have accelerated pre-existing trends. As a result, online sales of products jumped to an impressive 102.7% year on year. Online shopping for clothing increased by 24.3%, and consumers were 24.3% more likely to order takeaway food.

All these trends show the global changes taking place around the world. The retail sector is expected to remain depressed for the foreseeable future, which would also mean significant reductions in advertising spending. Marketers disappointingly conclude that the road to recovery will be long and painful.

According to Barclaycard representatives, the coming autumn will be a real test of strength for many businesses. That will be incredibly difficult for the tourism sector, which has already experienced a decline of 61% compared to last August.

More about shopping malls in the United Kingdom



TODAY, United Kingdom:
Abercrombie & Fitch marks its presence in the vibrant city of London.
TODAY, United Kingdom:
Zara Pre-Owned service will also launch in Germany, Spain, Austria, Croatia and other countries.
YESTERDAY, South Korea:
The uniquely designed retail space, which offers an immersive retail experience, is located in Dosan Park.
YESTERDAY, USA:
This will be the most significant expansion in the company's history.
DAY BEFORE YESTERDAY, United Kingdom:
Brands available include Goyard, Chanel, Moncler, Gucci and Loewe.
DAY BEFORE YESTERDAY, India:
The fashion house expects a two-fold increase in sales through online channels.
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall


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