Shopping center

The last Sunday of the year today and consumers have the opportunity to do their shopping, both in the stores, large malls and supermarkets, which will be open for business as usual.

Media outlets in Russia are reporting that an order has been given to evacuate a shopping mall in Moscow.

The shopping center is called the Oceania and is located in the western part of the city.

Breaking News

EVACUATION UNDERWAY AT OCEANIA SHOPPING MALL IN RUSSIA’S WESTERN MOSCOW

Shopping center investments in Türkiye have lost momentum with only seven applications filed with authorities to build new malls in the past three years.

Despite booming retail sales, many of Türkiye's shopping centers are struggling under heavy debt, according to Nuri Şapkacı, the president of the Council of Shopping Centers (AYD).

"Some 60 to 70 percent of the 445 shopping malls in the country have already been taken over by banks, while the remaining ones are struggling to survive," Şapkacı said.

Visits by shoppers to outlet malls in Turkey exceeded the pre-coronavirus pandemic level, people from the industry said, noting that the retail industry is one of the main beneficiaries of the improvement in the COVID situation.

Major non-food chains warn they do not rule out "staging protests and various forms of civil disobedience" if they are not allowed to open - without an "artificial distinction based on stores' overall shopping area."