Find in the news:
BY COUNTRY

Stores in the city centers waiting for mass closing



The slow return of employees to their offices can lead to massive closures of stores in city centers.
London Oxford Street Depositphotos

Office workers make up the bulk of consumers who visit stores located in central areas. Quarantine and the ensuing mass transition to remote work resulted in much lower attendance at these stores. And although the situation has improved a little, for retailers, it may end badly.

The British Retail Consortium (BRC) said sales were still below their pre-pandemic levels. Shortages of customers have had a devastating effect on stores operating in places once crowded. And with September's rent approaching, "many retailers are keeping a lid on it. The BRC describes the situation in Britain, but we can assume that the same is true in many other countries around the world.

Sales of non-food items in stores in the three months before August were almost 18% lower than in the same period in 2019. At the same time, sales of non-food items over the Internet last month were 42.4% higher than a year earlier.

And while there have been recent trends towards recovery, and as the number of people visiting the main streets has increased, there are signs of structural changes in consumer spending. According to the BRC, the self-isolation regime seems to have changed the buying habits of some consumers forever: online sales continue to grow even though stores reopened back in June.

Retailers in city centers, where rents are higher, are significantly affected. And if shortly the city centers are not filled with office workers again, it will mean a massive closure of many stores and the reduction of many jobs. According to the BRC, this issue needs to be resolved as soon as possible. Otherwise, it will be too late.

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



YESTERDAY, Australia:
South Korean conglomerate Lotte has won the tender.
YESTERDAY, USA:
Nike sued the Canadian brand Lululemon, demanding compensation for losses incurred for patent infringement.
DAY BEFORE YESTERDAY, USA:
McDonald's expects to open 1,900 new restaurants in 2023.
DAY BEFORE YESTERDAY, USA:
The retailer continues to take steps to save the business.
Jan 30, 2023, United Kingdom:
Munich-based sports brand is entering the UK market by opening its first store in London.
Jan 30, 2023, USA:
Michael Jordan gets only 5% of revenues.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet


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