PwC: store renters loose revenue due to Sunday trade ban

Renters of small and medium stores lose on average 5-10 percent of revenue due to the Sunday trade ban as most owners have not agreed to renegotiate lease agreements, PwC analysts estimated. In addition, many lessees had to reorganize the operation of their warehouses and delivery schedules.

In many cases e-commerce has not compensated losses incurred due to trade restrictions, it is added. Moreover, the development of multi-channel sales caused problems with the calculation of the rent amount. As a rule, the rent is calculated as part of lessee's annual turnover generated in shopping centers and should not include online sales, however, in practice, this is not always the case, PwC wrote.