Retailers underestimate revenue
16.07.2015 3243

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 ...

Latest News

LIMÉ opened a flagship in a mansion on Kuznetsky Most

The flagship store of Russian clothing retail LIMÉ opened on five floors of an old mansion built in 1903 on Kuznetsky Most Street in Moscow. The store occupied the space of the former Nike flagship. And even earlier in the 1940s. Here…
23.07.2024 52

Rendez-Vous launched cross-promotion with Ile de Beaute

Russian shoe retailer Rendez-Vous continues to launch cross-promotions with different companies from the retail sector. One of Rendez-Vous’s regular partners is the cosmetic chain “Ile de Beaute.” Two brands...
23.07.2024 72

Tom Ford changes creative director

Peter Hawkings, Tom Ford's longtime deputy who took over as the brand's creative director in 2023, has left the business, BOF writes, citing a statement from the Estée Lauder company. A successor will be announced in the "near future" -...
22.07.2024 251

Balenciaga promotes Rodeo Bag with the help of three star actresses

The advertising campaign for the luxury brand Balenciaga Rodeo Bag launched on July 18. Its main characters were three actresses - Isabelle Huppert, Kim Kardashian and Naomi...
22.07.2024 269

Adidas pulls out of sneaker campaign featuring Bella Hadid

A recently launched advertising campaign for Adidas Originals sneakers, the face of which was chosen by American supermodel Bella Hadid, unexpectedly found itself at the center of a public scandal. The ad caught the attention of the American Jewish...
22.07.2024 382
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning