Most international retailers have already opened in Ukraine

Almost all international retailers gradually resumed work in Ukraine. Following the stores of the LPP group, even such operators as McDonald’s have already opened its’ doors. At the same time, as the director of the UTG company Evgenia Loktionova notes, some international retailers are delaying their returns. Among the retailers that have not yet resumed work in Ukraine are such brands as H&M and Inditex (Zara, Bershka, Stradivarius, Pull and Bear, Massimo Dutti, etc.), as well as IKEA in the market of household goods.

By the end of November 2022, the vacancy rate of shopping centers in Kyiv is 18.8% on average. The highest level of vacant premises is typical for large-scale facilities of regional (26.0%) and district (17.9%) formats. The large vacancy in these facilities is precisely related to the suspension of work during the martial law of international operators. It is clear that when considering the issue of resuming work in Ukraine, international operators first of all ask the question of the safety of customers and staff. At the same time, it is important for retailers to have a shelter next to the shopping facility and well-thought-out evacuation routes from the SEC/store. Currently, these criteria are already fulfilled in almost all shopping centers of Ukraine. That is why SECs are the most affected by the suspension of large international retailers. They are the ones experiencing difficulties in their work due to the shutdown of stores that occupied large areas and were anchors or traffic generators. Therefore, landlords go to the maximum extent to meet well-known brands and will support their opening, keeping their places in shopping galleries.

Against the background of the existing situation, the attendance of the capital’s shopping centers in November this year was 343 people per 1000 square meters. For comparison, at the same time last year, this indicator was 506 people per 1000 square meters. That is, the number of visits to shopping facilities decreased by 32.2% over the year. And, although the turnover of retailers in absolute numbers has practically not changed, its structure has changed: spending on clothing, portable electronics, peripheral equipment, furniture, and household goods has significantly decreased, and on the contrary, spending on food products has significantly increased.