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Sandton City beats pre-pandemic sales as shoppers fork out for luxury brands news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Liberty Two Degrees (L2D) has posted a big decline in 2020 earnings, but says shoppers are returning to its malls across South Africa after they were left empty during the hard lockdown last April. And while numbers were still down on 2019, the landlord says customers spent more when they visited. While conventional wisdom was that smaller, local shopping centres were faring better because of Covid-19 restrictions and customers shopping closer to home, footfall at L2D’s centres picked up towards the end of the year, with Sandton City back at 72% of December 2019’s levels and Nelson Mandela Square at 62%. ....