The Mall of Switzerland in Ebikon LU celebrates its second birthday on November 8th. But the second largest shopping center in Switzerland does not seem to really get going. As reported by the Zentralplus portal, 20 stores have left the shopping mall since they opened.
Two years ago the third floor was practically empty. Now there are also sensitive gaps on the second floor. An optician, a fashion store and the Nespresso pop-up store recently closed. 14 retail spaces are now empty on the second floor alone. The center management is currently looking intensively for new tenants.
Pop-up stores with fixed-term contracts
Mall of Switzerland boss Peter Triner is changing habits in retail. For example pop-up stores with fixed-term contracts. Many businesses have currently been closed. However, there is continuing interest from Swiss and foreign tenants. “The contract negotiations are now much more time-consuming than they used to be,” he told Zentralplus.
The occupancy rate is currently 84 percent. According to Tinner, however, improvement is in sight. A pet shop will open in spring 2020, occupying over 500 square meters. But he feels a certain reluctance among potential tenants. You would first wait and see how shopping habits in the region change.
The Mall of Switzerland is expecting 4.2 million visitors this year. At the opening in 2017, a value of 4.5 million a year was targeted. (pbe)