Eurobonds of Akropolis Group have been listed on Euronext Dublin and Nasdaq Vilnius stock exchangesMore
Akropolis results after the quarantine: consumers are coming back, sales turnover in the shops is recovering
During this summer, the turnover of shops operating in the Akropolis shopping centers in Vilnius, Klaipėda and Šiauliai was almost 5% higher than for the same period last year. The turnover of retail trade grew, despite the fact that the number of visitors to these shopping centers was 20% lower than last year, due to the COVID-19 pandemic. In June–August 6.5 million clients visited Akropolis shopping centers.
“Analysis of the summer results shows that the turnover of shops operating in Akropolis shopping centers quickly returned to normal levels after the quarantine, and they are demonstrating better results than last year. This is affected by changed consumer behaviour: visitors to the shopping centers are planning their visits somewhat more, and buying for a longer term. The average ‘shopper’s basket’ in 3 Akropolis shopping centers grew 13% compared to the summer of 2019”, – says Dominykas Mertinas, Head of the Communication Department of Akropolis Group, which managers the Akropolis shopping and entertainment centers in Vilnius, Klaipėda and Šiauliai.
Though, if one calculates the total results of the shops, cafés, restaurants, cinema centers and other entertainment operators, that have suffered the worst effects of the COVID-19 pandemic, and have not been able to operate at full capacity due to the restrictions applied, sales of tenants at all three Akropolis centers have remained the same as last summer, reaching more than €146 million.
According to D. Mertinas, the Akropolis Group’s main priority at present is to ensure the safety of shoppers at the shopping centers. The company is also investing in equipment and measures to prevent the spread of the virus. The Akropolis Group is spending €100,000 on equipment that disinfects surfaces using ultraviolet (UV) rays, and also on other additional cleaning solutions. Most of this amount will be spent on automated equipment for disinfecting with UV rays the handrails of escalators and travelators, also the air in elevators. The high quality equipment, which is manufactured by German manufacturer Schindler, will be installed in September–October.
D. Mertinas pointed out: “Autumn is the time when the indoor season begins, and we are fully prepared for it. We are investing in new equipment, as well as installing sensory disinfectant liquid dispensers in our shopping centers. Akropolis continues to regularly clean common areas and most frequently touched surfaces with a disinfectant liquid, ventilation systems are operating at full capacity, and air filters are changed periodically.”
Head of the Communication Department of Akropolis Group emphasises that this year the sale of school merchandise has started later.
He says: “The start of the autumn season gives cause for optimism: we are experiencing sales that are 10% higher than last year. This is connected to the specifics of this year’s school season, because a large proportion of parents did not know right until the last days of summer whether school would resume in the normal way. So sales of the school goofds were particularly active at the beginning of September.”
The Akropolis Group is recording even better results in Latvia. The turnover of tenants in the Akropole shopping and entertainment center, which was opened in Riga in 2019, was 10% higher this summer than a year ago. At the beginning of September, the tenants recorded a 33% growth in turnover, compared with a year ago.
Akropolis Group reiterates that only visitors wearing protective face masks are allowed into the shopping centers managed by the company, and they must maintain a safe distance and disinfect their hands. Security guards are watching to ensure that the rules are followed, and visitors who forget to bring their masks are given masks to wear. Everyone working at Akropolis also observes strict hand hygiene, monitors their health and wears a protective mask. If you experience any cold-like symptoms, the company recommends avoiding not only shopping and entertainment centers, but also all public places in general.
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