When I stopped going to the mall due to pandemic restrictions, I stopped trying on clothes, I forgot about popcorn at the movie theater, and I didn’t even eat out. As a result, retail sales fell.
With one exception: in settlements where there were no shopping centers, but there was a retail park, people continued to shop. They could enter the shops directly from the street, like Mega.
If in “normal” times shopping malls were real ants and factories of earnings, then during the pandemic projects that were still on paper were postponed. Instead, the retail parks segment has gained momentum precisely because they have weathered the tough times better.
Thus, what seemed like a coincidence quickly turned into a trend. Building a retail park in small towns is easier, cheaper and takes less time than a shopping center. And the desire of retailers to expand is reinforced precisely by the presence of these shopping centers.
Read more at Panorama.ro
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.