McArthurGlen Group, the premier proprietor, developer, and manager of designer outlets in Europe, has posted a robust 14 per cent year-to-date revenue surge across its diverse portfolio. This substantial uptick stems from amplified foot traffic and increased average spending per visitor.
Across its span of 25 designer outlets spanning 8 countries, McArthurGlen highlights the revenue spike, attributed to an 11 per cent surge in footfall and a 3 per cent upswing in average spending per visitor in comparison to 2022 figures.
Joan Jove, co-chief executive of McArthurGlen Group, said, “Our consistently strong performance over the past three years, despite substantial market challenges, demonstrates the resilience of our business and that our retail proposition continues to resonate with consumers throughout Europe and Canada.”
With the Christmas shopping season ahead, the company anticipates achieving a total sales figure of approximately € 5.5 billion by year-end.
McArthurGlen underscores a substantial resurgence in international tourism across its venues this year, nearly restoring tax-free sales to pre-pandemic levels. Year-to-date tax-free sales have surged by 65 per cent compared to 2022, buoyed by tourist footfall from the Middle East, Greater China, the US, India, and Southeast Asia.
Facilitating this recovery are the additions of 70 new brand partners and the launch of over 300 new stores in 2023. The roster now includes names like Lanvin, Vivienne Westwood, Sophia Webster, Clarins, Red Bull Racing, Worst Behaviour (WRSTBHVR), and Saucony.
Moving forward, the Group’s expansion strategy is underpinned by growing demand for destination shopping, fueling ongoing development across various centres including Vancouver, West Midlands, Málaga, Roosendaal, and Castel Romano.
