Ukrainian retailers are protesting against high rents in shopping  malls

Ukrainian retailers are protesting against high rents in shopping malls

19.01.2016 News

Ukrainian retailers are protesting against high rents in shopping  mallsThe claims of retailers inflated rental rates and a weak strategy of promotion of trade centers and poor quality traffic that negatively affect their sales. In turn,  rentiers accused the network of helplessness during the crisis and the inability to promote their goods.

The scandal began in 2014, when several dozen representatives of the apparel retail even issued an ultimatum to an administration of the largest in Kiev shopping and entertainment mall Ocean Plaza: either rents are falling, or traders leave the mall.

The Ocean Plaza was a promising project, and many tenants strove to get there. But after four or five months after the opening of the mall retailers disappointed. “Actual sales were 70-80% less than planned. With such volumes of rents in the $ 150-200 per 1 sq. m per month – too much of a luxury – says the owner of a chain of chocolate shops Murad Haguro. – Administration of the Ocean Plaza has taken a tough stance: overdue of rental payments flowed to the closing of shops”. Murad Haguro left in late 2013 the Ocean Plaza to the “fresh” Gulliver. But six months later he and three dozen other tenants of Gulliver again came to the protest with the requirement to reduce rates twice or provide rent free for six months.

One of the oldest shopping malls of Kiev  “Globus” discredited  too.  In August 2013, 27 stores stopped working  for one hour. Thus, tenants, among whom were: Accessorize, Adidas, Carlo Pazolini, OGGI, River Island, Monton, Pierre Cardin, New Look, Tommy Hilfiger, Tally Weijl, Walker, Reebok, Baldinini, demanded reduction of rental rates, totaling $ 130-320 per 1 sq. m per month, for 40%, as well as repair works: many areas are leaking, and inside you can even see the rat.

At the moment, a stumbling block turned out to be the marketing budgets, quality traffic, promotion of trade centers.  Shopping mall charges a fee from stores for maintenance services: cleaning, security of premises and so forth.  As well as marketing budgets, the amount of which can reach 10% of the rental cost.

Rentiers excuses, that it is quite difficult to choose the event, which will be effective for all tenants equally.

Both parties are not soon being able to get rid of an individual approach. New same conflicts will be solved only by cooperation between shopping centers and tenants: they must work together to think through marketing activities and work to improve the quality of traffic.

Source: forbes.ua

Other articles

  • Airbus is announcing the hydrogen planes
    News

    Airbus is announcing the hydrogen planes

    Airbus has published detailed information of three conceptual of the passenger`s plane called ZEROe with hydrogen fuel, stating that it can be put into operation by 2035. The three aircraft differ in size and design, one will have a range of more than 2,000 nautical miles and the ability to carry from 120 to 200 […]

  • German Lufthansa has accepted a new restructuring package
    News

    German Lufthansa has accepted a new restructuring package

    German airline Deutsche Lufthansa AG on Monday took the third package of measures restructuring of business because of poor dynamic aviation market recovery, according to a press release. “Forecasts for international flights have deteriorated significantly in recent weeks. With the end of the summer holiday season, the number of passengers and bookings is declining again […]

  • Microsoft is going to buy the game developer ZeniMax for $ 7.5 billion
    News

    Microsoft is going to buy the game developer ZeniMax for $ 7.5 billion

    The American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]

  • China will not sell TikTok to Americans
    News

    China will not sell TikTok to Americans

    Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions. At the same time, there has been no official government statement on the issue yet. The […]

  • The US authorities have allowed Intel to continue the supplying its Huawei products
    News

    The US authorities have allowed Intel to continue the supplying its Huawei products

    Intel has received licenses from US regulators to continue supplying certain products to Huawei Technologies. The list of products is not specified. Due to the significant deterioration of relations between the United States and China, Washington is putting pressure on the governments around the world to oust Huawei from the market. The US government claims […]

  • Panasonic intends to invest $ 150 million into the development of AI
    News

    Panasonic intends to invest $ 150 million into the development of AI

    Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]

  • The NBU named the reasons for the fall in GDP in the second quarter
    News

    The NBU named the reasons for the fall in GDP in the second quarter

    Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

  • Shares of world banks is falling after the data leak
    News

    Shares of world banks is falling after the data leak

    Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]

Read also

Ukrainian retailers are protesting against high rents in shopping  malls
News

Asian company Wilmar will invest funds in building enterprises in Ukraine

The Wilmar company plans a further expansion in Ukraine. This was told by the Chairman of the Board of Directors of the company “Delta Wilmar CIS” Dhuraba Charan Panda, said the Forbes publication. For example, in the B2C segment by building a new or purchasing an existing Ukrainian enterprise. The final choice has not been […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

$ 12 billions were invested in European start-ups in 2016

Startups European market by the number of attracted investments only gives place to America and China markets. According to the analysis, which is carried out the investment bank of France Clipperton and resource Who Got Funded, it increased the number of transactions up to $ 30 million last year, which graded decline in the proportion […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

The IMF named the condition for the completion of the corona crisis

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

The Antimonopoly Committee of France has fined 20 delivery services to 672 million euro

According to the Wall street journal, the French regulatory authority has fined 20 firms engaged in the delivery for 672 million euro. The reason for this decision of regulators is financial fraud of companies, that administered prices through collusion for six years. The companies  violated the law in the financial sector and in the field […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

Singapore Economy is Collapsed Due to Lockdown

Singapore’s gross domestic product in the second quarter of 2020 fell by 41.2% compared to the previous quarter. This is evidenced by preliminary national statistics published on Tuesday, July 14. The volume of industrial production decreased by 23.1%, while construction fell by 95.6%, and the decline in services amounted to 37.7%. The results were a […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

Virgin Atlantic Airways asks for protection from bankruptcy

British airline Virgin Atlantic Airways, which has assets and leading business, including in the United States, 49% of which belongs to the American Delta Airlines, filed a claim for bankruptcy protection in the Southern District of New York. Chapter 15 of the US Bankruptcy Code: “Law on Prevention of Abuse in Bankruptcy and Consumer Protection” […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

In the new year, one more bank will be liquidated in Ukraine

In 2017, stops its work another bank in Ukraine. This is the PJSC Bank Trust . The decision on liquidation of the financial institution was taken on December 29th at the meeting of the National Bank of Ukraine. Information about this was also posted on the official resource of Guarantee Fund deposits of natural persons. […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

Shares of Volkswagen get down on 40%

Nordea, the €190bn (£135.6bn) Scandinavian fund manager, has become the first major investor to signal it is preparing to sue Volkswagen over the carmaker’s manipulation of emissions tests. Nordea Asset Management told reporters over the weekend that it planned to join “several different class actions” against Volkswagen. The emissions fixing scandal has left investors with billions of […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
Analytics

Ukraine – Germany: what to anticipate and what to watch out for in 2019

There are several factors which will affect trade and economic relations, as well as the investment component between Ukraine and Germany in 2019. POLITICAL FACTOR 2019 is the year of elections in Ukraine. Until the presidential race on March 31, the business environment of both countries will be expecting the elections results which will define […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

The Billionaire Bill Ackman sold 5 million shares of Valeant Pharmaceuticals to cover tax losses

Bill Ackman, the owner of the Pershing Square Capital Management investment firm recently announced that he sold 5 million shares in a major pharmaceutical company Valeant Pharmaceuticals. Thus,  his part fell from 9.9% to 8.5%. In an official statement, which was provided by the USA regulatory authorities stated that the sale aims to cover tax […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

Viber starts public accounts in Ukraine

The public service is the channel  of sales department and marketing for news distribution.  Michael Shmilov, the Viber director informs that application interface could optimise by the concrete organisation. After public account creation, the administrators could send the messengers to subscribers in different ways: through CRM system manually  or through chat-bots in private messengers. The […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

Investors against Citigroup

PIMCO and other investors appealed to the court with the case against Citigroup, due to the fact that the bank is not able to control the mortgage loans, resulting in $2.3 billion of losses. Citigroup will respond in a New York´s state court in Manhattan for actions that not justified the confidence of investors. Now […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

One more Ukrainian company came under the control of the Cyprus offshore

Antimonopoly Committee of Ukraine has approved the deal Cyprus company Fundamentum KCG Limited with representative of national business OOO Development Foundation. The decision was published on the official website of the Ukrainian regulator on January, 27 of this year. According to publicly available information, the foreign conglomerate will carry out the acquisition of a controlling […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

DuPont will dismiss nearly 2,000 employees in a global merger with Dow Chemical

Recently, two major global corporations in the Chemistry industry DuPont and Dow Chemical signed a merger deal. After closing, the new company will be called DowDuPont, it will be headed by the current head of Dow Chemical – Andrew Liveris. A few days ago, DuPont told reporters about plans to hold a global reduction of […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHP

The investment company Prosperity Capital Management has concentrated 7.93% of global depositary receipts (of GDR) of the largest Ukrainian producer of poultry – agricultural holding “MHP” (MHP). According to a report on the website of the London Stock Exchange on Friday, now the company owns 8,000,000 789,186 GDR. According to the information at Prosperity Capital […]

Next
Ukrainian retailers are protesting against high rents in shopping  malls
News

The container operator of the Ukrzaliznytsia will build a grain terminal

The container operator of the Ukrzaliznytsia the Liski Company, plans to create Portside grain terminal with a capacity of about 15 thousands TEU in a year. It is reported by the UkrAgroConsult. According to the report, the new facility will be located in the territory of the structure Odessa-Liski, which serves the container flows of […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com