Clothing stores decided to leave the streets of Moscow

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Clothing stores decided to leave the streets of Moscow

Clothing stores began to leave Moscow streets at the fastest rate among street retail establishments in the first six months of 2021. The research of the JLL company is cited by Kommersant.

As a result of a decrease in traffic, in particular on the shopping streets of the city – Petrovka, Stoleshnikov Lane and Tretyakovsky Proezd – for six months, the share of empty premises increased from 13.3 to 17.2 percent compared to the same period in 2020. The indicator turned out to be a record among tenants over the past five years. The article notes that most of the sellers of clothing and footwear decided to move to shopping centers.

At the same time, on the restaurant streets – Bolshaya Dmitrovka, Bolshaya Nikitskaya, Pokrovka, Maroseyka, Pyatnitskaya, Nikolskaya, Myasnitskaya, Kuznetsky Most, Kamergersky lane and the Patriarch’s ponds area – on the contrary, the share of vacant premises decreased from 15 to 12.4 percent. Despite this, the average vacancy rate in the capital remained at 15 percent from January to July 2021.

According to the newspaper, currently vacated premises in Moscow are occupied by banks, pharmacies and grocery stores. Among the new tenants, restaurants and cafes have become leaders: the catering segment has practically recovered after the first wave of restrictions imposed in connection with the coronavirus pandemic.

In December 2020, the world’s largest fashion manufacturers revealed their multimillion-dollar losses that they suffered in 2020 due to the coronavirus pandemic. For example, according to experts, by May, the net losses of the American brand Abercrombie & Fitch reached $ 244.2 million (18 billion rubles). The company’s profit in the last quarter of the year amounted to $ 485.4 million (36 billion rubles), which is 34 percent less than in the same period in 2019.