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



Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport 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