Eduardo Ceballos, Chairman of the Spanish Association of Shopping Centres and Retail Parks (AECC). Credit: AECC
Feature | Opinion

Looking to the future with optimism

“Although it is still too early to determine changes in customer behavior, our preliminary assessment after the first few weeks of the reopening is optimistic in terms of sales and inflows.”

By Eduardo Ceballos

The shopping centers and retail parks sector has always been one of the most active and successful in Spain. In 2019, shopping centers and retail parks received over 1.9 billion visits (1.6% more than in 2018), recorded sales of €46.1 billion (1% more than in 2018), and they created more than 740,000 jobs, 46% directly and 54% indirectly. The shopping center and retail park industry contributes €8.4 billion to the GDP, which is 0.7% of Spain’s total GDP and 5.7% of the services sector’s GDP. This data pointed to a year 2020 of positive results until the outbreak of the Covid-19 health crisis. Unfortunately, the sudden halt has had an enormous impact in our sector, which is one of the most affected by it.

Being aware from the very beginning of the depth, seriousness and complexity of this unprecedented crisis, the Spanish Association of Shopping Centres and Retail Parks (AECC) began working on being the primary voice of the retail industry, representing and helping our sector with several initiatives. Thus, a series of fiscal, labo,r and activity reactivation measures have been proposed to the Spanish Government to help us achieve the desired recovery, along with guidelines for  hygienic-sanitary recommendations for the reopening of the centers and retail parks to ensure that all companies in the sector comply with the highest hygienic standards.

On June 8, 2020, the 568 shopping centers in our country have finally been able to operate after the shutdown of almost all activities on March 13 and 14, 2020 (except  for essential-need stores), and after some autonomous regions began to reopen on May 25, 2020.  We can affirm now that the return is happening smoothly and in an absolutely normal way, respecting the capacity and social distancing limitations imposed by the government at all times and in optimum hygiene and safety conditions, thus demonstrating the professionalism and know-how of our industry. With an absolute focus on customers, as it could not be in any other way, we have dedicated resources and efforts to guarantee their tranquility and safety when returning to shopping centers.

During the first days of the reopening, additional efforts have been made to reinforce cleaning and security measures as well as thorough disinfections.  Also, client communication channels have been intensified to deliver all safety messages clearly. The necessary technology to monitor shopping center’s capacity has also been put into effect. Although it is too early to determine changes in customer behavior, our preliminary assessment after the first few weeks of the reopening is optimistic in terms of sales and inflows. We have noticed that consumers are eager to head back to shopping centers to do some shopping. All leisure offers will also be activated soon, since leisure is a concept for which we have worked so hard and so long as it encourages socialization within shopping centers, reinforces our identity as meeting points and will allow us to return to the activity levels prior to this crisis soon.  

We need to continue working to ensure that our sector responds to these new demands with the full incorporation of technology in shopping centers and retail parks in a way that will allow us maintain our position as  key places in both, the consumer’s mind and the country’s economy.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Opinion MORE

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

Creating places people want to visit

“We are all convinced that placemaking makes brick-and-mortar retail attractive, forward-looking, and an experience.”

Challenging times for Russian superregional malls

“The pandemic has intensified global digitalization, which is another challenge that the Russian mall industry is facing.”

Forget a “new normal”–we need change

„Instead of continuing to speculate about the new normal, as an industry, we need to discuss what (permanent) actions we want to take with respect to those changes.”

Unlocking the Value of Parking Assets as Key Components of Wider Shopping Experiences

“In today’s world, consumers expect quick and effortless service, and parking needs to reflect those changes”