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Shopping centres lost 30% of their revenues in 2020

01 February, Mark Up

Cncc, the National Council of Shopping Centres in Italy, estimates that the industry in 2020 lost 30% of its revenues compared with 2019. Cncc surveyed 233 shopping centres for a total of 8,534 shops. Such a result is not surprising, considering that, due to the Covid restrictions, many businesses had been operational only for four months over the past year.

Source: Mark Up

Translator: Cristina Ambrosi