Nikoloz Tsintsadze, general director of "Galleria Tbilisi" declares, that the turnover of the shopping mall increased by 5% in summer.
"The turnover has increased at the expense of both the local population and tourists. Due to the fact that the shopping mall is located on Rustaveli Avenue, the majority of customers are tourists. Overall, compared to the same period last year, there is a decrease in the total number of consumers in the summer, but a 5% increase in sales has been observed," says the general director.
According to him, the interest of brands at their shopping mall is very high, including those brands that have not yet entered Georgia.
"Due to the fact that we are limited in space, which is not subject to growth, we have 2 times less space compared to other shopping malls. At this time "Galleria Tbilisi" has more than 100 brands. 20% of them are exclusively represented in our shopping mall. After the pandemic, rental prices have been rising daily based on demand. At this stage, the average price of 1 sq.m. is $50," said Nikoloz Tsintsadze.
According to the general director of the company, expectations are much better than in previous months, because the best period for the retail sector is the autumn-winter period. In September, the growth trend is already noticeable and it is likely that the growth will continue due to the start of school.
