Moscow retailers note a decrease in revenue due to repairs
04.07.2016 2236

Moscow retailers note a decrease in revenue due to repairs

In Moscow, due to repairs carried out by the authorities in the city center, the revenue of retailers whose stores were in the repair zone decreased by 15-20%, RBC reports.

The My Street program, which takes place in Moscow from May to August, involves repairing the pavement on the streets, many of which are located within the Garden Ring. Entrance to some stores that were in the repair area was blocked for visitors. According to 2 GIS, there are about 700 restaurants and shops on the repaired streets. Due to the limited access to buildings on central streets, the difficulty in parking, retailers note a significant decrease in traffic in their retail outlets. Moreover, not all landlords enter their situation - someone is ready to provide a discount on rental space for the repair period, but not all.

According to some representatives of the retail business, repair work, which will last until the end of August, may even lead to the closure of some stores.

In Moscow, due to the repair work carried out by the authorities in the city center, the revenue of retailers, whose stores fell into the repair zone, decreased by 15-20%, reports ...

Latest News

BeInOpen Forum will give an opportunity to declare about themselves 10 young brands from the world of fashion

The New Fashion Industry Forum BeInOpen will be held digitally on June 4 and announce the return of the Open Stage format, in which 10 young fashion brands will have a chance to present their project on ...
23.04.2021 82

Lamoda launched a section of exclusive items and collections for its XNUMXth anniversary

The Russian online platform for selling fashion goods celebrates its tenth anniversary. By this date, a special section of exclusive goods from world brands has been launched, which were specially created for the celebration of the decade ...
23.04.2021 97

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 147

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 155

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 167
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning