For the first time, shopping malls experienced a crisis during the pandemic. They were closed for a long time, and when they did open, it was only in certain zones and for a short time. Many people then started shopping online and got used to not being able to go to stores. Although today the galleries operate normally, there is still a decline in the number of people visiting them.
Are shopping malls going bankrupt? First the coronavirus, now inflation
Despite the lifting of restrictions after COVID-19, attendance in shopping malls has not returned to the level it once was. According to Proxi.cloud, in 2023 the traffic in malls was 1.5% lower than in 2022. The consumer behavior of 185,000 was analyzed. people in over 710 galleries. The reason for the decline this time is a sharp increase in prices. – Inflation contributed to an increase in the nominal level of spending, partially pushing entertainment expenses out of the shopping basket, which are responsible for a slight decline in traffic levels – said Dr. Anna Czarczyńska from the Department of Economics at the Kozminski University in Warsaw.
Woman pays for shopping pexels.com/energepic.com
Why are there few people in the galleries? The trade ban has done its job
Nowadays, most people decide to do things online. It is more convenient, and you can also find the same products at lower prices online. – The costs of running stores have increased and, as a result, the prices of products and services offered have increased. This effectively discouraged consumers from visiting shopping malls, especially in a situation of falling real incomes – added Dr. Urszula Kłosiewicz-Górecka.
The popularity of shopping malls is also decreasing due to the ban on Sunday trading. Although cinemas and food courts are open then, they do not attract as many people as electronics or electronics stores. Researchers also draw attention to the fact that young people prefer to spend their free time differently and do not arrange meetings in galleries.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
