N. Macedonia’s popular supermarket chain operator KAM opened six new supermarkets in Bulgaria in August 2022. KAM became the first retailer with the highest number of new openings. Colliers International said that Colliers Bulgaria is part of a US-based professional services and investment management company.
According to an overview published this month, T Market Litunanian retail group maxima are Bulgaria’s second largest store opener. In contrast, BILLA and Lidl opened two new stores each across the country.
Pepco, KiK and Sinsay expanded in the non-food retail segment. In the first half of 2022, greek clothing retailer Lynne Turkish Counterpart AC & co entered the Bulgarian market with new Sofia stores.
The total amount of space in retail parks in the capital of Bulgaria, Sofia, is known as developments over 2,000 square meters, with around three shopping units remaining flat at 66,300 sq m in the first six months of this year, including retail parks under construction and other in the planning stage.
Colliers said that Bulgarian capital Sofia’s total stock of modern retail space in shopping centres remained strong at 30,660 sqm. A registered marginal increase of 1% was recorded in vacancy rates during the first quarter, which remained 6% in the year’s first half.
According to the report with retail parks in the main focus, an increase in investors’ interest is expected in the last six months of this year, 2022.
Discount retailers are expected to expand their existence in retail parks and shopping centres, and new investors are anticipated to enter Bulgaria markets. Unpredictability is typical during the short-term impact on consumer behaviour and further impacts the effects of accelerating inflation on consumers’ purchasing power.