More positive signals for IGD

Excellent retailers' sales in August: +4.2% (Italian malls)

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A., announces that the performances at IGD’s shopping centers continue to recover, with retailers’ August sales at the Italian shopping malls up 4.2% compared to the same period of the prior year, footfalls maintaining a growth trend month-over-month (August was 12.6% lower than in 2019 and the figures for the first half of September show further improvement) and the average ticket continuing to rise (+19.1%). These results prove that, after the easing of the restrictions, consumers are once again focused on physical shopping and ready to go to shopping centers to take advantage of the clearance sales (which started in August this year).

Among the various merchandise categories, the performances of electronics and household goods were particularly positive, rising +10.6% and +15.0% against August 2019, respectively; other categories, like restaurants and services are recovering, but continue to be penalized also by contingent factors like the widespread use of smart working and the impossibility of organizing large events inside shopping centers. Lastly, particularly noteworthy is the 9.6% increase posted by clothing, one of the most prevalent categories of merchandise found in IGD’s malls.

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