Retail

While analysts at UBS see more pain ahead, it’s not as many closures as the investment bank had initially projected about a year ago.

The seasonally adjusted Overall Turnover Index in November 2021, compared with the corresponding index of October 2021, decreased by 2.6%.

Buildings, plots and stake holdings in companies will be transferred to AssetsCo and its subsidiary European AssetsCo, while the consolidation plan envisages the relocation of stores and the renegotiation of rents.

Millennials, city dwellers, those working mostly from home or in a hybrid way, and those who are vaccinated are the most optimistic cohorts.