Shopping center attendance before 1 September decreased by 23%
08.09.2014 4476

Shopping center attendance before 1 September decreased by 23%

Moscow retail missed 23% of buyers before September 1, according to the Shopping Index, regularly published by Watcom. It takes into account the average number of buyers per 1000 square meters of floor space in large shopping centers. There are more than 60 of them in the sample, including Metropolis, Pike, Afimall City and others.

“We were waiting for the traditional splash before September 1. All shopping centers were preparing for it. Traffic has increased, but not much. The attendance trend is still negative, ”says Roman Skorokhodov, President of Watcom.

Retailers attribute the decline in numbers to a slowdown in consumer lending growth. According to Home Credit Bank, last year, about 10% of loans issued in sales centers were spent by buyers on the purchase of shoes, 43% - on electronics and household appliances. Now this figure is decreasing due to the debt burden of the population. According to the Deputy Chairman of the Bank of Russia Vasily Pozdyshev, Russians today spend 21% of their income on servicing loans. This figure is 2-7 times higher than in developed countries.

Moscow retail was missing 23% of buyers before September 1, according to the Shopping ... consumer activity index, regularly published by Watcom.
5
1
Rating

Latest News

Trend Island department store opened in Moscow in the Evropeisky shopping center

In mid-April, the opening of the second Trend Island department store took place in one of the key shopping centers of the capital, in the Evropeisky shopping center. The first department store with a focus on presenting collections of clothing, shoes and accessories from Russian designers was…
25.04.2024 75

The qualifying round of the Shoes-Style competition for footwear and accessories designers took place in Moscow.

On April 23, the qualifying round of the international competition of shoe and accessory designers “Shoes-Style” took place. At the site of the competition organizer, Russian State University. A.N. Kosygin demonstrated 70 collections of participants...
25.04.2024 87

Major players in the sportswear and footwear market are experiencing a slowdown in sales

The sportswear segment was not immune to the effects of inflation: in 2023, sales of the main players slowed down, writes...
23.04.2024 298

Portugal overtakes Spain in shoe production

Portugal has become the second largest shoe producer in Europe, overtaking Spain. According to Eurostat, Portugal produced 2022 million pairs of shoes in 85, two million more than its Spanish rival, writes...
23.04.2024 1245

Puma has released a commercial version of the biodegradable Re:Suede sneakers

After two years of its biodegradable footwear pilot program, German sportswear and footwear manufacturer Puma has released a commercial version of its biodegradable Re:Suede sneaker...
23.04.2024 1275
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning