The report findings of FSP were launched at an industry breakfast event in partnership with KLM Retail. Leading experts were brought together on a panel to explore and discuss the opportunities for outlets. The European Outlet Shopping Report has found that strong performance, occupier brands fuelling expansion and impressive development activity are the state of play for the European outlet industry in 2018.
The report shows that outlet is one off the most successful retail channels for growth. Sales have risen by 45% from €11.5bn in 2013 to €16.4bn in 2017, 10 times the general rate of growth in European of retail sales. Luxury outlets lead on performance, with 46% more growth than the industry average.
The hosts were Ken Gunn from FSP and Ian Kitchen from KLM Retail. The panellists were Hiren Sawjani from Levi's, Maxime Depreux from Hammerson and Jack Busby from Landsec.
“In an ever more challenging retail environment, and whilst outlets across Europe continue to outperform full price retail, there can be no complacency amongst owners, managers and brands as to continuing success as the sector is not immune to the key issues generally afflicting the retail industry today. Outlets must continue to evolve and need investment and strong management to stay ahead of the game and enhance the customer experience with one of the key drivers for that being the fusion of leisure and outlets.” Ian Kitchen, Founding Partner at KLM Retail.
For further information regarding outlet opportunities please contact Ian Kitchen ikitchen@klmretail.com, Dom Brady dbrady@klmretail.com, Mostafa Sbitri msbitri@klmretail.com, Tom Jameson tjamson@klmretail.com or Sophie Lawrenson slawrenson@klmretail.com
Read more about FSP's revealing report here.
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