BTG BofA Shopping Center Stocks

Rich people buy more in malls. Consumers in the upper classes said they spent 35% more at malls last year, while the lower classes said they had reduced their shopping volume by 15%. But in the end, the rise of the rich makes up for the decline. Among those with greater purchasing power, 79% said they go to the mall at least once a week, compared to 50% of the poor.

While malls are coming, retail is doing poorly. Shopping centers do not rely solely on credit sales. Which The big difference is with respect to large groups Retail, such as Luiza magazine (MGLU3(and Grupo Casas Bahia)Bhaiya3), in debt due to high interest rates.

According to Bank of America, most purchases at malls are for lower value items. According to the survey, the majority of purchases are clothing, shoes and accessories. Of the Christmas purchases made in December, 23% of the rich said they bought clothes, 12% shoes, and 11.4% accessories and jewellery. Electronics came in at 6.2%. More expensive items are usually purchased through e-commerce.

The upward trend continues until 2024

Stocks should continue to rise, especially as interest rates fall. “We continue to see many retailers planning to open new stores in malls, and malls are also beginning to expand their leasable retail areas,” the BTG report says. As interest rates fell, consumers with low purchasing power slowly began to buy again.

With good predictability, shopping mall stocks continue to be a positive alternative to other sectors more exposed to a potential change in the direction of the economy.
Victor Martinez, Senior Analyst at Planner Investimentos