News

BalREc 2011: The future of retail centers - market adaptation and proactive management

Due to the low spending level of consumers and the constantly increasing total area of shopping centers, the heat on the retail market is destined to become hotter and hotter. Not surprisingly, this will urge many of the active players to adapt, proposing new retail schemes, aiming new target groups and being proactive with their management.

 

The discussion during Retail Panel V of BalREc, led by the Managing Partner of Regent’s Property Advisors – Stefan Kossev, showed that the magic formula for the successful emerging from the economic turmoil has yet to be discovered by most of the shopping centers’ managers that are already on the market. They will have to face the increasing competition from the upcoming new retail projects, seek to revive the poor performing consumption, change the common perception that all malls are expensive, and refute the neglect that international retailers have towards Bulgaria, favouring other countries in the Balkan region with more rapid growth.

 

16 May 2011

 

Source: stroitelstvo.info