South Africa

EPP sees return of pre-Covid-19 expenditure levels

Poland’s largest retail landlord EPP says retail spend across its portfolio was gradually returning to pre-Covid-19 levels after most lockdown restrictions in the central European country were lifted in May, allowing Polish customers greater freedom to shop around at brick-and-mortar stores.

The return of customers to shopping centres is reflected in higher than pre-pandemic turnover levels. In the months without trading limitations (February and May to July), tenants’ sales exceeded those in the corresponding months of 2019 by 4% on average. At the same time, footfalls at EPP’s shopping centres were steadily growing. In August, shopper numbers in 2021 reached 84% of 2019 levels, confirming the optimistic consumer sentiment...

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