Developers keep building malls despite coronavirus, rise in online shopping


A passerby walks past Ocean Plaza, one of Kyiv’s largest shopping malls with over 70,000 square meters of leasable area dedicated to international brands including Zara, Marks & Spencer, Adidas and Lacoste. Malls keep generating profit for their owners despite the pandemic.

Malls keep popping up in Ukraine although quarantine restrictions and the growth of online shopping continue to hit the brick-and-mortar retail sector hard.

Since the beginning of the quarantine, online shopping has grown by 26% while, during the current three-week coronavirus lockdown ending April 10, Ukraine’s shopping malls are mostly empty — with only food stores, banks and pet stores allowed to operate.

Source: www.kyivpost.com

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