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 4461

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%.


Latest News

Fashion house Schiaparelli has released sneakers with socks in the shape of golden toes

For the first time in its history, the fashion brand Schiaparelli, revived in 2013, released sneakers. The shoe model corresponds to the style of the most surreal brand in world fashion. Schiaparelli creative director Daniel Roseberry,…
22.04.2024 169

Brunello Cucinelli increased revenue in the first quarter by 16,5%

With LVMH recently reporting a 2024% drop in revenue for the first quarter of 2 due to overall stagnation in the luxury market, Italian fashion house Brunello Cucinelli has bucked the trend. IN…
18.04.2024 319

Lamoda launches its own clothing and footwear brand

Russian online retailer Lamoda presented the first collection of its own women's clothing brand NUME. Exclusively on the Lamoda online platform under the NUME brand, about 90 items for women’s wardrobe are offered -…
18.04.2024 367

Shoe and clothing brands have released special collections for the 20th anniversary of the ST-JAMES boutique

The multi-brand boutique ST-JAMES, managed by a major player in the Russian fashion market, the Jamilco company, celebrates its 20th anniversary this year. A number of shoe and clothing brands represented in the boutique have prepared special…
18.04.2024 346

Balenciaga has released a new release of oversized 10XL sneakers

Fashion house Balenciaga debuted the 10XL sneaker during its fall 2024 runway show in Los Angeles back in December. At the time of the show, the first two color schemes of the new model were available for pre-order, which deliberately surprised...
17.04.2024 459
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning