Visitor numbers and sales
Footfall in Italy is measured for 6 centres, which represent 91% of the Italian portfolio. In 2009 those centres were visited by 44 million people, which is an increase of 0.5% compared to 2008, and implies a total number of visitors for the Italian portfolio of 48 million. The increase was mainly thanks to the rise in visitors in Campania (+11%) in its second year of operation. The number of visitors increased in Il Maestrale as well, but the other centres saw slight declines in footfall. Despite the economic circumstances cumulative turnover up to November rose 4% in Corio Italy’s centres. The average occupancy cost ratio (rent and service charges over turnover) of the Italian centres amounts to a sound 10.6%.
The year was characterised by a very positive start in January, with a successful winter sales period that cancelled out the negative effects of a slow 2008 December period and stagnant footfall and turnover in all mature operations. Campania saw a substantial increase in turnover - a trend that is typical for the successful super regional shopping centres.
Source: Annual Report 2009, Chapter Review of Operations, page 60 (PDF, 6.362 kB)
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