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Spending increasing at malls


File: Shopping has been increasing at malls.
Pixabay
JOHANNESBURG - Mall foot traffic is starting to flow again.
One of the country s most popular malls, Sandton City, has seen more shoppers since lockdown restrictions were eased.  
Owner Liberty Two Degrees says in a trading update that Sandton City shoppers spent 40 percent more in March than they did in the same period last year.
The group s other malls, including Melrose Arch, Midlands Mall and Liberty Promenade also showed a remarkable recovery.
Liberty says luxury brands contributed 8 percent towards the groups turnover even though stores selling these items only take up one percent of floor space in its malls. ....

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Sandton City records the best March in five years as shoppers stream in for luxury brands


This March, Sandton City recorded the highest turnover than in any other March in the preceding five years. Photo: Liberty Two Degrees
This March, Sandton City recorded a higher turnover than in any other March in the preceding five years.
Sandton City owner Liberty 2 Degrees says the year-on-year turnover growth for luxury brands across its malls stood at 109%.
Liberty 2 Degrees says all its other malls saw increased shopping activity in March.
Shoppers are back at Sandton City and are buying big. The mall, which is one of Africa s most sought-after shopping destinations for luxury brand lovers, had its best March in five years.  ....

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