Malls report successful shopping season

2017-01-26 06:01

LOCAL shopping mall managers say that although the December season was not “fireworks”, their foot count was basically on par with December 2015.

Riek Lenhoff, Shelly Centre manager, said their expectations were met.

“The centre’s turnover increased by 4.8%. Our foot count declined by eight percent, but the spend per head increased.

To sum it up, we’ve had fewer people spend more money last December,” said Lenhoff.

He said management was satisfied with the results and are happy that profits did not decline.

Jayne Munro, Southcoast Mall manager said the mall did not give out exact percentages and figures, however, the December season was posi- tive.

“At the Southcoast Mall we had a very pleasing foot count increase for both the month and year and look forward to a great year ahead with a Dis-Chem joining us in a few months,” said Munro.

She said turnover increased substantially with certain stores experiencing a greater increase than others.

The Hibiscus Mall did not wish to comment.

An article published on on 23 December, 2016 (Retail research indicates improved conditions in 2017) stated that positive signs for the economy have increased hopes of improved trading conditions in 2017.

The research was undertaken for the South African Council of Shopping Centres (SACSC) by Christo Luüs of Ecoquant.

According to the article real household consumption expenditure growth in 2017 is forecast to amount to 1.7%.

Semi-durable goods – mostly clothing and footwear – could experience an increase of only some 1.0% year-on-year in real terms in 2017, while durable goods expenditure - including furniture, appliances and private vehicles - could rise by around 1.5%. Growth of spend on non-durables is expected to amount to 0.5% year-on-year.

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