Electric dealers hit European traditional retailers: forced rents to fall

http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time February 19," Axa Real Estate, Europe's largest real estate fund management agency, reported in Monday that In the next few years, European shopkeepers will be forced to accept lower rents to help retailers deal with the rapid rise of e-commerce and the impact of the downturn in consumer spending.

In Europe, such as France and the UK, online shopping has already posed a "huge threat" to physical retail stores, which will make it impossible for some retailers to afford the current rents, and will force landlords to lower rents, AXA Real Estate said in the report.

Property investors underestimated the impact of internet shopping and the downturn on traditional retailers, the report said. The report shows that between 2012 and 2016, 90% of retail sales in Britain, France and Germany will come from online spending, about 122.2 billion dollars.

Axa Property said it would cause retailers to cut real estate costs to ensure profitability, leading to a forced drop in rents. Spain's lease costs, for example, will fall by as much as 18% during that period, and France will fall by 17%.

"Retailers will be forced to lower lease costs, and the current rents may be affordable for some profitable businesses," said Axa Real estate. But for other businesses, it is not profitable to pay the current rent. ”