Revenue and footfall up at LDO
Published: 20 April, 2017
Easter events boost performance at London Designer Outlet
Like-for-like revenues at the north London outlet mall were up 19 per cent year-on-year compared with the Easter school holiday 2016. This excludes newly opened stores such as Hamleys, TM Lewin, Dr Martens, Lee Wrangler and Raging Bull, plus new restaurants and bars like Lost Rivers Brewing Co. and Sugar Dumplin Caribbean BBQ & Bar and total revenue for the Easter break increased by 21.3 per cent year-on-year across all stores and restaurants.
Centre manager Sue Shepherd said: “The Easter period emphasised the growing trend for outlet shopping. Our events highlighted the interest by millennials seeking experiences as part of their shopping trips, and we welcomed even more savvy-shoppers wanting year-round bargains.”
LDO is owned by Quintain, as part of its Wembley Park mixed use development, and is managed by Realm, the UK’s largest specialist outlet operator.