In St. Petersburg, the number of store closures in the fashion segment exceeded the number of openings Escada Boutique on Staro-Nevsky Prospekt St. Petersburg, photo: Kommersant
10.04.2017 5652

In St. Petersburg, the number of store closures in the fashion segment exceeded the number of openings

In St. Petersburg, in the first quarter of 2017, in the fashion retail segment (clothing, footwear and accessories stores), the share of closed stores (22%) significantly exceeded the corresponding share of retail openings (9%), experts of the real estate consulting company JLL note. The significant events were the opening of the Escada boutique and the announcement of the imminent appearance of the Dior boutique on Staro-Nevsky Prospekt.

In the first quarter, on the streets with a pronounced specialization - orientation in retail to the fashion segment, Staro-Nevsky Prospekt and Rubinstein Street, there was high competition from retailers for quality sites, which led to an increase in the maximum rental margin by 10-15%.

In trade corridors with less pronounced specialization - on the 6-7 lines of Vasilyevsky Island, and in such secondary corridors as Engels Avenue and Leninsky the offer of premises is wider. Here, the upper limit of the range of rental rates, on the contrary, decreased by about 10%, the report says JLL.

In general, according to JLL, in January-March of 2017, the share of vacant premises on the main shopping streets of St. Petersburg decreased by 0,4 percentage points. and amounted to 6,3%, which is the lowest value since the end of 2014 of the year. The most significant decrease in the indicator is noted on Kamennoostrovsky Avenue - from 6,3% to 2,8%.

5
1
Rating

Latest News

Chanel's second haute couture collection by Mathieu Blasy is inspired by fairy tales.

In July, the Chanel Fall 2026 haute couture collection was presented in Paris, the second couture collection from the French luxury brand, created under the direction of creative director Mathieu…
17.07.2026 623

BRAUS, a manufacturer of shoe care products, insoles, and accessories, will be participating in the Euro Shoes exhibition from August 25 to 28.

BRAUS is a manufacturer of shoe care products, insoles, and accessories that helps shoe stores sell more.
15.07.2026 498

Vietnam overtakes China in race for US market

In the first quarter of 2026, Vietnam overtook China to become the leading supplier of footwear to the US market. This result is due to two factors. First, the increased competitiveness of the Vietnamese footwear industry. Second, the ongoing trend…
15.07.2026 487

Maison Margiela's Tabi boots break auction records in Paris.

On July 9, Maurice Auction, in collaboration with Kerry Taylor Auctions, held an auction in Paris featuring 195 lots from the personal archive of Belgian designer Marine Margiela. The total proceeds from the auction, which concluded…
14.07.2026 3443

Since the beginning of 2026, more new foreign brands have entered St. Petersburg shopping centers than the previous year.

According to NF GROUP analysts, the share of foreign brands in St. Petersburg shopping centers fell from 12,3% to 11,1% in the first half of 2026. International retailers reduced their space by 9,3 square meters, and nine brands…
10.07.2026 1257
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning