By 4.8 percent turnover in shopping centers increased in five months
We still record a higher dynamics of turnover growth than visits, but it is worth remembering the inflation rate and price increases, which may significantly distort the data analysis. Men's fashion stores, grocery stores and – surprisingly – health and beauty services, which fared the worst in medium-sized shopping malls, closed the first half of the year with a significant decline. The remaining categories analyzed by the Retail Institute ended the five months of this year with a significant profit: from 1.4 percent. up to 15.4 percent growth – says Anna Szmeja, president of the Retail Institute.
Large centers (over 40,000 sq m of leasable area)
Large and very large centers closed 2024 with a y/y/y increase in visitation of 0.5%. and 0.8 percent an increase in like for like. Despite poor results in May (-1.1% y/y/y) and in January (-4.7% y/y/y), the achieved increases guaranteed the centers closing the half-year with a good result. The analysis of turnover for five months of this year shows as much as 5.9 percent. growth, placing this type of gallery among the absolute leaders. This is the only format of shopping centers that does not suffer from the severe negative effects of changes in customer behavior and shopping habits caused by many external factors. A rich commercial, service and entertainment offer as well as the ability to meet all needs "under one roof", in the situation of the growing time deficit of residents of large urban agglomerations, gives them a significant advantage over other types of centers.
Medium-sized centers (from 20,000 sq m to 39,999 sq m of leasable area)
Visitority in medium-sized centers dropped by as much as -1.8% during the six months of 2024. y/y/y. There was no month in which the results showed upward trends, and each month brought a decline in the number of customers of this retail format. Despite such poor visit results, turnover increased by 3% by the end of May. faster than in 2023. Experts agree that medium-sized centers without fundamental changes in their concept and positioning, as well as the ability to recognize customer needs, will have increasing difficulties in competing with online and offline shopping.
Small centers (from 5,000 sq m to 19,999 sq m of leasable area)
In the analyzed period of six months of 2024, visitation in small centers increased by as much as 2.2%. These are facilities whose fight for good results is very intense, because they are the ones who are most strongly facing the growing pressure from both discount stores and larger shopping centers. After the wave of changes we have observed in recent years, we see that small centers are perfectly fulfilling their role on local markets, which translates into an increase in turnover in the five months of this year by 6.4%. y/y/y.
We are finalizing work on the preparation of detailed reports covering the entire trade market in Poland. The analysis of the results of shopping centers and streets, retail parks and the e-commerce sector is based on data from 1,380 facilities and 450 million transactions per month – sums up Anna Szmeja.
