The share of free space in Russian shopping centers is only 5-8%, said Nikita Kuznetsov, director of the department for the development of domestic trade at the Ministry of Industry and Trade. According to the representative of the department, this result can be considered a success.

The share of empty shopping spaces in Russian shopping centers does not exceed 8%

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“The proportion of free space in shopping centers is now on average 5-8%. This is a success, friends,” Kuznetsov said at the Mallpic Sochi exhibition and conference, as quoted by TASS.

As follows from the data of the NF Group, at the beginning of 2024, the share of free space in shopping centers in the capital was 8.4%, in St. Petersburg – 7.1%.

As Pavel Lyulin, vice president of the Council of Shopping Centers, reported in February, the share of Russian fashion companies in shopping centers increased by an average of 20 percentage points following the massive departure of Western brands.

For example, the Victoria’s Secret and Zara Home sites in the large metropolitan shopping center “Metropolis” attracted the interest of the national chain “Blind Chicken.”

Author:

Natalia Gormaleva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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