Moscow: business losses during COVID-19 by type 2020

The coronavirus-caused social distancing resulted in significantly high losses to shopping malls in Moscow, Russia. The larger a mall was, the greater financial damage it recorded on a daily basis.

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Daily loss of businesses during the coronavirus (COVID-19) in Moscow, Russia as of March 2020, by store type and weekday/weekend (in million Russian rubles)

Characteristic	Weekday	Weekend	Regardless of a day
Shopping mall in the Moscow region with around 180k sq.m.	78	155	-
Shopping mall with up to 40k sq.m.*	-	-	80
Shopping mall with over 40k sq.m.*	-	-	112
Cafe in the city center	0.1	0.2	-
Flower shop**	0.03	0.04	-
Apparel chain store of 150 sq.m. in the shopping mall	0.04	0.1	-
Averaga-price category gym with pool of 2.5k sq.m.***	-	-	0.3
Express manicure in the shopping mall	-	-	0.08
Express manicure in the business center	-	-	0.05
Beauty salon in the business center	-	-	0.1

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Release date

March 2020

More information

Region

Russia

Survey time period

March 2020

Supplementary notes

* Daily losses of shopping malls with up to 40k square meters were estimated between 60 and 80 million Russian rubles.
Daily losses of shopping malls with over 40k square meters were estimated at 112 million Russian rubles and over.

** Estimated losses on weekends ranged between 40 and 45 thousand Russian rubles.

*** Considering card and additional service sales.

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