One-way traffic has created problems for shopping facilities on Pekin
Street and some of them are on the verge of closing. The stores say that since
the fall of 2017 when the movement on Pekin
street became one-sided, consumers number decreased compared to the same period of previous years. As a
result, Pekin Avenue is no commercially profitable. That is why some brand
shops are looking for an alternative place.
Clothing brands stores Promod, Orsay, Etam included in the Adress Group are considering a possible closure. Teona Tsitsilashvili, the brand manager of Adress, says that after Pekin Avenue became one-way, sales reduced and the street became less commercially attractive.
Tsitsilashvili does not specify percent drop in sales noting that annual financial data will be known in the nearest future. However, adds that a decline will not be catastrophic.
Sales were also
reduced at the clothes store "MALS". Avtandil Lomtadze, head of the
network, explains that the reason for the decrease in sales in the above
mentioned area is competition with shopping centers or so-called malls opened in
In Lomtadze’s words, after big shopping centers started operating in Tbilisi, the network’s sales have reduced by 50 percent.
"A decrease in sales was not caused by one-way movement on Pekin street. There are three big shopping centers in Tbilisi, which are very much for Tbilisi. I think this is a problem. Pekin Avenue can no longer develop because of the lack of space, " explains Lomtadze.
According to him, despite the competition with malls, "Mals" store in Pekin Street is still profitable and is not going to change the address.
The shoe store VOOG says that sales have not fallen catastrophically to close the shop and move to another location.
Irina Pekhshvelishvili, manager of "Giordano" clothing store in Pekin N15 explains that sales at the store reduced by about 10 percent due to the one-way movement on Pekin Street.