By the end of 3Q2020, the company had achieved an operation level of around 65% of its GLA in the region, with over 2,200 stores open.
– Same Store Sales in September for those able to open were 72% compared to the year before.
– The company acquired the Calima shopping center in Bogota, Colombia, during the period, which will house the first Ikea store in this country, and began operating Mallplaza Comas in Lima, Peru
10 November 2020 – In the third quarter of the year, Mallplaza achieved an operation level of around 65% of its leasable area, a significant increase over the 35% recorded in the previous quarter, after implementing a rigorously safe operation.
This allowed us to move forward with the opening of over 2,200 stores, compared to the 770 that were open in June, thus reducing the reactivation time for shopping centers to 7 days by the end of September,” explained Mallplaza Corporate Manager of Administration and Finance Pablo Cortés.
In this context, the categories currently in operation are specialty retail, department stores, in-person dining and delivery services, home improvement stores, and services like banks and pharmacies, health centers and supermarkets, among others.
By the end of the third quarter, 20 of Mallplaza’s shopping centers were operating with essential and non-essential commerce, 12 of them in Chile, 4 in Peru and 4 in Colombia. The operation of all categories in Peru and Colombia, except cinemas, play areas, gyms and education, should be noted. Five shopping centers continue to operate with only essential services.
Regional growth
In line with its strategic regional growth plan, Mallplaza acquired the Calima shopping center in Bogota, adding 68,000 m2 of leasable area to the Mallplaza operation in Colombia in a shopping center that will house the first Ikea store in this country. In addition, operation of Mallplaza Comas in Lima, Peru, began with 17,000 m2 in an initial stage. Mallplaza currently has a total of 1.766 million m2 of leasable areas in its 25 operational shopping centers.
A recovery in visitor flows was observed in the period, rising 60% compared to 2Q2020. Same Store Sales in September for those able to open were 72% compared to the year before, without considering supermarkets.
The strong performance of the Pit Stop service in Chile and Peru stands out with over 130,000 orders, as do the Click & Collect services in Colombia and the continual growth in food sales via delivery, which has been accompanied by different alliances with last mile platforms. By the end of September, over 440 gastronomy tenants in the three countries were operating with delivery services and orders placed had increased by over 130%, surpassing the 700,000 in September and showing an increase over the 300,000 registered in the second quarter of 2020.
