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Survey shows shift from small shops to malls - sharp drop in Valletta business

Shopping is moving away from small shops and from Valletta

Shopping is moving away from small shops and from Valletta

Business in shopping malls in Malta is growing while smaller shops are seeing a slowdown, according to the first Malta Retail Review, announced today by Deloitte, EMCS and Bank of Valletta.

The survey found that while The Point shopping mall saw business grow by 14% in 2011 over 2010, and the Plaza was up by 5.3%, smaller shops saw their turnover down by 6.4%.

Overall, the survey found that retailers in the clothing and footwear sectors saw turnover increase by 0.5% in the first six months of this year compared to the same period last year.

Turnover among participating establishments grew by 0.4% in 2010 compared to 2010. But Valletta saw a drop of 10.3%, losing business to Sliema and Birkirkara.

Malls, in total, saw increased business of 8% compared to a 3.9% drop in high street shops.

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