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The turnover of shopping centers in May 2023 was 3.8 percent higher year-on-year

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The turnover of tenants in shopping centers in May 2023 increased by 3.8 percent compared to May 2022, the Polish Council of Shopping Centers (PRCH) reported. She added that during this time, attendance increased by 2 percent year-on-year.

The organization reported that turnover increased in all categories of retail facilities. In the largest shopping malls (over 60,000 sq m GLA), turnover increased by 2.3 percent. Large schemes (40,000-60,000 sq m GLA) recorded increases by 4.9%, medium-sized schemes (20,000-40,000 sq m GLA) by 1.9%, and the smallest schemes (5,000-20,000 sq m sq. GLA) by 4.9 percent.

Turnover of shopping centers

In terms of categories, the best results in May, with an increase of nearly 16%, were recorded by entertainment, including cinemas, fitness clubs, playrooms for children and bowling alleys.

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More than 11% increase in turnover was recorded in gastronomy including catering zones, the so-called food courts, restaurants, cafes, pastry shops and ice cream parlors.

In the fashion category, turnover increased by 2.6 percent. compared to May 2022

The conversion rate for all categories of tenants in shopping centers, i.e. the average customer spend per single visit to the mall, increased by 1.7% in May 2023. compared to May 2022.

The footfall of shopping centers (PRCH Footfall Density Index), measured by the number of customers per 1 sq m of leasable space, was 2 percent higher in May 2023. higher than the year before.

The Polish Council of Shopping Centers (PRCH) brings together over 200 companies operating in the retail and service sector.

Main photo source: Maltsev Semion / Shutterstock

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