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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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Mr Andrew Camilleri

Nov 9th 2012, 12:51

U ejja be a bit patient. Issa Piano's monstrosity will be ready and thousands from all over the world will be flocking here to admire it. At least that is what GonziPN has been telling us. Or is this another Brazilian?

Charles Muscat

Nov 9th 2012, 01:37

Sarcastic letter.

Paul Giordimaina

Nov 9th 2012, 09:24

Pippo you must be an expert of everything by how you wright your comments.

Franco Abela

Nov 9th 2012, 09:10

AGREE PERFECTLY... OTHER WEBSITES...

AMAZON.co.uk
PLAY.CO.uk
BOOHOO.CO.UK

And the list goes on especially with the new courier services many local companies are offering!

Charles Grixti

Nov 8th 2012, 22:01

Parking is the least of the problem. The real reason is that small shops cannot compete with large retail chains that have stamped out the smaller family shops all around the world. We now have less choice as you will find exactly the same products everywhere you go around the world. More money for the transnational conglomerates but a much more boring world.

Mr Tony Gatt

Nov 9th 2012, 09:04

@ Charles Grixti

What you say is also true, but that didn't stop my wife from buying a rather expensive handbag from a shop in Valletta last week- but of course she's worth it!

John Attard

Nov 8th 2012, 18:41

Pedestrianization is the way forward for high street shops. Take the plunge and sales will increase by 30 percent in a few months. This is the result across Europe. Wake up to change.

Phil Zammit

Nov 9th 2012, 04:50

Right on Jay!

At our age, convenience trumps cost! I live in the USA and would rather pay, for example, $10.00 more to eat at a restaurant (or shop at a store) with free parking than pay $10.00 less for the same thing but have to pay and/or struggle to find a parking spot or risk getting a parking ticket.

Nothing sours my attitude like a parking ticket!!!

R. Balzan

Nov 8th 2012, 17:20

Convenience also means having a place to park - nearby. Valletta is dying a slow death because the authorities decided to ignore consumers' requirements at the expense of other less important things.

Jay Oatmon

Nov 8th 2012, 17:32

I agree with nearly every family having a car - safe parking is the first priority and Valletta has no free and easy on site parking - whereas many malls do offer free parking.

No government has tackled the parking problem and the malls have solved this for their shoppers.

When will plenty of safe 'off street parking' be available - never, there is money in more flats not in more parking!

Gillian Snook

Nov 8th 2012, 17:43

Also Republic Street is gradually being over run with souvenir shops.

Jon Fenech

Nov 8th 2012, 16:48

Not always the case Mr Scicluna. I shop a lot over the internet but certain items you have to see physically and plus nothing beats a face to face approach.

Anthony Scicluna

Nov 8th 2012, 17:23

Yes, I appreciate Mr Fenech. However, for example, I've bought tiles over the internet and these cost me 60% less than in Malta (same brand, colour, specs etc). The main issue, I find, is that these businesses moan and groan without investing in innovative practices.

Gordon Farrugia

Nov 8th 2012, 17:26

there's also the quality issue. I'm not sure whether I'm getting more demanding but I rarely find good quality clothing these days

Ms Sandra Grech

Nov 8th 2012, 19:58

You forgot to mention the customer care too and after sales service, brilliant in the UK for example and non-existent here in Malta. Really I don't think parking has anything to do with it as it's difficult to find parking anywhere else in Malta esp Sliema for example. The opening hours aren't customer-friendly either. And adding to this the high prices here so I always buy things on the internet

Michael Sammut

Nov 8th 2012, 20:25

@Jon Fenech.

A common trend nowadays, especially in terms of clothes, you go to the local shops and try the stuff on. If it suits you then you go on the internet, find that brand and purchase that particular item. You cannot keep fooling people by overcharging them...

m. borg (slm)

Nov 8th 2012, 16:54

Don't worry people according to gonzi the new parliament building is going to generate a whole lot of jobs and Valletta would be bustling with people and shoppers.

Not unless the building is turned into a MALL but Paino has made a clause that it would not be used differently for the purpose it was built.

Edward Gatt

Nov 8th 2012, 20:21

@ m. borg (slm)

Actually it was Alfred Sant who wanted to turn the street level of the Old Theatre onot a shopping complex.

Edward Gatt

Nov 8th 2012, 20:30

This morning I had to enter Valletta and arrived there @ 8.30am, and found quite a number of free parking spaces. When, I needed to go into Valletta more late in the day, 10.00 - 11.00 I always found a parking space, although had to spend some time going round to find one or wait until one is vacated. But the waiting time was never more than 10 mins.

Pauline Busuttil

Nov 8th 2012, 16:59

@Pat Muscat,

Il kumment tieghek li l-Kunsill tal Belt huwa interesanti biex jalloka il parking spaces ghar-rresidenti Beltin huwa zbaljat u bil bosta. Kun af li ahna ir-residenti li noqghodu l-Belt irridu nithabtu u induru u nerga induru mal Belt biex insibu parking. Il kunsill zgur ma jhabbilx mohhu ghall voti imma jhabbel mohhu biex jidher sabih specjalment man-negozjanti.

P. Barbara

Nov 8th 2012, 17:04

I take the Arriva bus from Fgura and can be in Valletta in 15 -20 imins - Perhaps you should visit London or Paris or Rome or any city in the world for that matter. We live in the most densely populated island in the world, with the most number of cars and which island also happens to be the smallest and you want to find a parking place in the capital city ?!!

Joe Sant

Nov 8th 2012, 19:15

@P.Barbara "We live in the most densely populated island in the world...", island-maybe, but not country.
According to wikipedia, most densely populated countries are:
Macau
Monaco
Singapore
Hong Kong
Gibraltar
Vatican
Bahrain
...and then Malta.

mark borg

Nov 8th 2012, 20:15

@p.barbara
mela ghid lil istudenti u kull min irid juzahha ghax xghol l-arriva x sistema ghandek ! ghax kollha qed jahsbu ta l-anqas siegha u nofs qabel !

Francis Grech

Nov 8th 2012, 17:04

Mark don't make excuses about that there is no parking in Valletta if one want to go shopping there you can always find a parking place at the flc parking and they provide clients with free transport there and back the reason that people don't go to the city is because they have to pay for parking which is starting to be a thing of the past further more walking a short distance don't kill people .

Mark Tagliaferro

Nov 8th 2012, 17:35

It´s not about walking. It´s about walking with arms full of shopping bags which can be tiresome. Just my opinion really. The Point car park is not free yet still has 14% increase in sales, so lack of free parking is not the problem with Valletta.

Mark Tagliaferro

Nov 8th 2012, 17:41

Personally I do most of my shopping online because we are way overcharged in Malta. Take Smart Phones. In general they are 200 Euros more expensive in Malta than in the UK. The same with computers, clothing, accessories, etc, etc, etc. There are very few shops in Malta which are actually competitive.

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