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, USA:
More than 100 stores will open by the end of 2021, including a new experimental concept.
Oct 16, 2021, USA:
The center is scheduled to open in the first quarter of next 2021.
Oct 16, 2021, USA:
The deal was one of the largest ever in the private apparel segment.
Oct 14, 2021, USA:
U.S. company Macerich is changing the rules for short-term rentals.
Oct 14, 2021, USA:
The White House issued a statement warning citizens about possible food supply disruptions.
Oct 13, 2021, France:
No deal of the century: Auchan rejected the purchase of Carrefour
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


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