ACROSS | The European Retail Real Estate Magazine

Studies & Reports

It Could Be Rosier…

The Glatt shopping center in Wallisellen is one of the largest in Switzerland. Image: Glatt

Experts continue to fear a drop in sales in retail stores, falling demand for retail space, and store closures. That is the essence of the “4th Shopping Center Market Report Switzerland 2017.”

The consulting firm stoffelzurich surveyed 248 experts from the shopping center and retail industries about what they expected over the next two to three years for the “4th Shopping Center Market Report Switzerland 2017.”

The study’s forecasts show a bleak picture regarding sales growth, demand for retail space, and store closures. While only 33.6% of experts surveyed in 2013 foresaw a negative sales trend in retail stores and shopping centers, nearly 72% of the participants in the current reporting year were pessimistic. Conversely, 92% of the experts expect an increase in sales for online retail.

The situation for foreign purchases seems to have stabilized. Around two thirds of participants expect foreign purchases to remain at existing levels. Only 26% expect an increase. Regarding demand for more retail space, more than twice as many experts, namely 77% of respondents, believe that this will continue to decline than did in 2015. In terms of store closures, too, almost 55% of all respondents fear further closures.

Refurbishment required

Overall, Swiss shopping centers had to endure a decline in sales of 3% in 2015. The 248 participants saw the greatest need for action in revitalizing and redeveloping centers. This is unsurprising: The average Swiss mall is almost 30 years old. They also sensed a need to optimize the tenant mix and service offerings. Free internet, event marketing and exhibitions, and optimizing mall architecture were seen as relevant, but considered less important.

Screenshot - 20_04

Follow ACROSS

Download

fb-art 150

Share this article
Studies & Reports

EUROPEAN RETAIL IN 2017

GfK study on key retail indicators: 2016 review and 2017 forecast.

No “One-Size Fits All” Optimum Solution

The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.

International Retailers Are Focusing on Vienna

The Austrian capital is very popular with international retailers.

Polish Stagnation

According to Colliers International’s “Poland Market Insights—Annual Report 2017,” only about 400,000 sq m of new retail space was created in 2016. This is one third less than in 2015. Around 400,000 sq m are expected for this year as well.

The Successful Integration of Food & Beverage into Shopping Centers

In order to provide the retail and leisure industry with guidance and insight to navigate the opportunity posed by F&B, the ICSC commissioned JLL to carry out a global study. It should provide a holistic, 360-degree view of the current landscape, challenges, risks, opportunities, and future outlook for foodservice within the shopping center space.

22 Centers Identified as Prime Examples of the Growing Trend of Retail Placemaking

Effective retail places use leisure, technology, and planning to lure shoppers, who now want shopping to be both functional and social.