Poland’s largest retail landlord EPP says retail spend across its portfolio was gradually returning to pre-Covid-19 levels after most lockdown restrictions in the central European country were lifted in May, allowing Polish customers greater freedom to shop around at brick-and-mortar stores.
The return of customers to shopping centres is reflected in higher than pre-pandemic turnover levels. In the months without trading limitations (February and May to July), tenants’ sales exceeded those in the corresponding months of 2019 by 4% on average. At the same time, footfalls at EPP’s shopping centres were steadily growing. In August, shopper numbers in 2021 reached 84% of 2019 levels, confirming the optimistic consumer sentiment...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.