McArthurGlen reports +7% sales rise for June
Published: 12 July, 2011
The racing calendar, holidays and summer weddings boosted sales across McArthurGlen Designer Outlets in June, sparking a +7 per cent total year-on-year sales rise in June across the Group’s seven UK centres and a +4 per cent uplift in like-for-like sales.
The seven centres saw a +7 per cent surge in footfall as shoppers picked up outfits for occasions such as Ladies’ Days at Bath, Cheltenham and Aintree.
Sales of designer collections soared by +21 per cent in June, with shoppers increasingly opting for brands such as Mulberry, LK Bennett and Kurt Geiger at up to 60 per cent less.
Colin Wilding, UK country manager, McArthurGlen, said: “When shoppers have less disposable income and reduced spending power, our proposition comes into its’ own, fuelling the demand for high-quality products at lower prices. These occasions simulate purchasing reasons for consumers, and increasingly put our centres on the map for tourists – particularly our York, Ashford and Cheshire Oaks outlets.
“We are now seeing a trend away from disposable fashion towards more investment pieces. However consumers are still cautious about price and are looking for a lower ‘cost-per-wear’ ratio, which is why our proposition is so attractive. The growing draw of the outlet retailing model is now clear to brands as well as consumers - in the 2011 Quarter - March to June - we introduced +28 per cent more new brands to our UK portfolio than in 2010, including Phase Eight, Kurt Geiger and Billabong as brands seek a presence in outlets as a core part of their retailing strategy.”
