7 May 2020 – Brainsre.news
The businesses most affected by Covid-19 in the shopping centres managed by CBRE were fashion retailers, whose sales plummeted by 70.6%; and leisure and sports retailers. Meanwhile, food sales fell by 9.3% in March.
After six consecutive years of growth, the declaration of the State of Emergency resulted in a change in trend for the revenues of shopping centres in Spain.
In this way, during the first quarter of 2020, retail sales in shopping centres fell by 15.1% in inter-annual terms and, specifically, in March – the State of Emergency came into effect on 14 March – they decreased by 61.6% compared to the same month in 2019, according to data from the real estate consultancy CBRE.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake