The share of discounters in the total area exceeded 55%
The Ministry of Industry and Trade analyzed the development of the retail real estate market in 2019. According to the results of last year, the share of hypermarkets and supermarkets decreased, while the share of discounters and convenience stores increased, the Parliamentary newspaper writes with reference to these departments.
Over the 11 months of 2019, the total discounter area increased by 1.8%. The share of discounters in the structure of the total area increased to 55.1%. The Ministry of Industry and Trade notes that last year there were prerequisites for reducing government intervention in the retail segment.
Earlier, analysts noted that in 2019 in Moscow, the main engines of trade were supermarkets near the house, coffee shops, and burger shops. Experts have announced the disappearance of large supermarkets from the capital’s street retail market.
The company Knight Frank believes that metropolitan shopping centers are expected to transform. Now more than 60 Moscow retail facilities built over four years ago need reconstruction. About 75 shopping centers that were built before 2010 do not meet the conditions of tenants and customer requests.