According to the market research institute GfK, shopping centers weighed 19% in Swiss retail in 2019.
Nearly 59% of the surfaces of shopping centers are rented by non-food players (Le Mall of Switzerland, near Lucerne).
KEYSTONE
Shopping centers are showing resistance. Despite a slight drop in turnover, their importance in the Swiss retail sector remained stable in 2019, according to data from the market research institute GfK published on Tuesday.
In 2019, shopping centers weighed 19% in the Swiss retail trade, a share similar to that of the previous year. For comparison, online sales represented 9%. However, the total sales generated by these places dedicated to shopping experienced a decline of 1%.
The trend was better for the commercial areas present in the main stations of Switzerland, in particular in Basle, Bern, Lucerne, Zurich and Geneva, which saw an increase in their combined turnover of 1.1 billion.
Seven projects under construction
Nearly 59% of the surfaces of shopping centers are rented by non-food players. Service providers are more and more numerous and now represent a share of 21% (2011: 17%). Catering accounts for 5.5% of the surface area and 7.3% of the turnover generated in shopping centers.
While the shopping center market seems saturated, seven projects are currently under construction and two in preparation, illustrating the repositioning of the sector, notes GfK. With the coronavirus crisis, tenants and owners of retail space are facing significant declines in attendance and revenues, which should accelerate the transformation of these places.
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Posted today at 12:10 p.m.-
