Foot traffic at shopping malls in Moscow and St. Petersburg fell 5–7% during the May holidays. Market analysts cite a shift to online retail and mobile internet service disruptions as primary factors for the decline in physical visits.
Shopping mall foot traffic in Moscow and St. Petersburg declined by 5–7% during the May holidays compared to the previous year, according to market data. Analysts attribute the drop to a shift toward online shopping, consumer cost-cutting, and mobile internet connectivity issues.
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