Due to sanctions, many brands and stores have ceased operations in Russia.
Russia's invasion of Ukraine led to the fact that Western brands left the Russian market. Owners of shopping areas in shopping malls are sounding the alarm – if no other tenants are found, the malls will be half-empty. This was stated by the first vice-president of Crocus Group Emin Agalarov, RosMedia reports.
lost traffic, but, as Agalarov expects, this will happen soon if the stores do not open.
Today we asked for 20-30% attendance, but if you do not have “anchors” (anchor tenants – ed .), you have no visitors, “he added.
The businessman noted that the main generators of traffic with key locations in shopping centers were H&M, Zara, Adidas and cinemas .
“During construction, shopping centers should be designed for potential tenants. So, hand over the key locations of these companies, which occupied up to 4-5 thousand square meters. m, no one. Other tenants with such revenue – conditionally, 100 million rubles. for a month – no, “he said.
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According to him, the rental rate has always consisted of a fixed part and a percentage of turnover, which was compensated by high revenue.
legally. It would be possible to recapture the lease, otherwise it will not work. If you have a luxury shopping center, you need Prada, Chanel, Louis Vuitton, if the middle category – Zara, H&M, Reebok, Adidas. And if they do not exist, the site is depersonalized, “he concluded.
According to Agalarov, neither parallel imports nor attempts to create schemes to buy brand goods through other countries under discussion in the market will work.
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“First, there are a lot of restrictions on such imports, and besides, neither Azerbaijan, nor Georgia, nor Kazakhstan will want to become a buffer for Russia, because they could potentially fall under sanctions,” he explained.
It will be recalled that the Ministry of Economic Development of the Russian Federation predicted a fall in GDP , but the Russian Ministry of Finance considers the forecast optimistic. In the conservative scenario, the Ministry of Economic Development expects Russia's GDP to fall by 12.4% in 2022.
