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Retailers underestimate revenue
16.07.2015 2591

Retailers underestimate revenue

According to the Watcom Group, in the shopping centers of Moscow and the Moscow Region, about 50% of retailers now pay a percentage of the store’s turnover for renting premises, rather than a fixed amount. Nevertheless, a new problem has arisen in the relations between tenants and landlords - owners of outlets are trying to underestimate their income, which is why tenants lose 5-10 million rubles. from each object.

As Watcom President Roman Skorokhodov notes, “many retailers deliberately underestimate their financial performance: it can be manual entry, personnel errors, intentional or accidental reduction of data on turnover, provision of data without VAT.”

The owners of illiquid premises are forced to take such a step, experts say. The practice of understating store turnover has always been present, but now it has become more obvious.

According to Watcom Group, in shopping centers in Moscow and the Moscow region, about 50% of retailers now pay a percentage of the store's turnover for rent, rather than a fixed one ...
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