PL

Not a human zoo

Retail & leisure
How do you think the Polish retail market compares to the American market? What stage are we at now?
Amnon Shiboleth, chairman of Blue City: First, I will look at the US retail market. It’s true, that sales in American malls are down. They’ve dropped maybe around 10 pct because of shopping on the Internet. But, two brand new mega shopping malls are going to be opened this year, which are much bigger than anything that has come before in America. One is in Miami and the other is in West New York City. Entertainment is going to be much bigger in these malls than before. You’ll be able to go down underwater in a submarine in the new shopping centre in Miami or go skiing. We are heading the same way – and bringing more entertainment to Blue City. And customers love this. Are entertainment tenants good for the malls in terms of the rents they pay? I won’t give you any numbers, but I think, that our cinema will pay us no less than our fashion tenants and our other anchors. Restaurants are a part of the entertainment too and they see their rents as extremely h
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