Money Buzz! Europa

Tag: Immobiliare Grande Distribuzione

  • IGD shopping centers in Italy, sales up 4.2% in August 2020

    IGD shopping centers in Italy, sales up 4.2% in August 2020

    IGD – Immobiliare Grande Distribuzione, announces that the performances at IGD’s shopping centers continue to recover, with retailers’ August sales at the Italian shopping malls up 4.2% compared to the same period of the prior year.

    Footfalls maintain a growth trend month-over-month (August was 12.6% lower than in 2019 and the figures for the first half of September show further improvement) and the average ticket continuing to rise (+19.1%).

    Among the various merchandise categories, the performances of electronics and household goods were particularly positive, rising +10.6% and +15.0% against August 2019, respectively.

    Other categories, like restaurants and services are recovering, but continue to be penalized also by contingent factors like the widespread use of smart working and the impossibility of organizing large events inside shopping centers.

    Lastly, particularly noteworthy is the 9.6% increase posted by clothing, one of the most prevalent categories of merchandise found in IGD’s malls.

  • IGD: almost 90% of the footfalls pre-lockdown was recovered

    IGD: almost 90% of the footfalls pre-lockdown was recovered

    IGD – Immobiliare Grande Distribuzione, announces that the footfalls in its Italian shopping centers continue to show continuous growth.

    In August 2020, almost 90% of the footfalls pre-lockdown was recovered (-12.7% compared to the same month 2019).

    On the last day of the last month, Monday, 31 August, the performance was basically in line with the prior year (-2.2%).

    There was also a constant increase in footfalls week after week: compared to the footfalls recorded in the first week after the easing of the main restrictions (18-24 May), the number of people who decided to go shopping physically in IGD’s centers rose by 35%.

    Also, roughly 99% of the businesses opened before the lockdown have resumed operation inside IGD shopping centers.

    IGD has a real estate portfolio valued at circa €2,322.62 million at 30 June 2020, comprised of 25 hypermarkets and supermarkets, 27 shopping malls and retail parks, 1 plot of land for development, 1 property held for trading and 5 other real estate properties, in Italy.

    Following the acquisition of the company Winmark Magazine SA in 2008 14 shopping centers and an office building, found in 13 different Romanian cities, were added to the portfolio.