outlet news and archive

Frey acquires three Italian outlets in major European expansion

French group Frey has entered a 650 million euros strategic partnership with Cale Street to invest in premium outlets across Europe. As part of this alliance, the two companies are acquiring three major Italian shopping villages—Franciacorta, Valdichiana, and Palmanova—for 410 million euros from funds managed by Blackstone. In addition to the...

Retail

Belk to open two new outlet locations in North Carolina

Privately-owned department store group Belk is set to open two new outlet stores this spring in North Carolina. Opening at the Eastridge Mall in Gastonia and the Triangle Town Center Mall in Raleigh, the move sees the retailer opening its second and third outlet locations in its home state. The outlet arm of Belk, Belk Outlet features a wide...

Member

Business

Kering sells The Mall Luxury Outlets to Simon in 350 million euro deal

Kering has finalised the sale of its entire stake in The Mall Luxury Outlets to Simon, the U.S.-based real estate investment trust specialising in high-end retail, dining, and entertainment destinations. The transaction, valued at approximately 350 million euros, marks Kering’s strategic move to streamline its portfolio and focus on its core...

FeaturedMember

Management

McArthurGlen reports “record-breaking” sales in 2024

McArthurGlen Group, Europe’s leader in designer outlet retailing, has reported record-breaking sales in 2024, with a turnover growth of 7 percent year-to-date. In a statement, McArthurGlen, which operates 24 centres across Europe and Canada, said the 7 percent increase in turnover built upon the previous year’s double-digit growth was driven by...

Member

Retail

AllSaints opens New York pop-up and first Chinese outlet amid retail expansion

AllSaints is continuing on its global expansion strategy with a string of new international store openings, cementing its presence in various markets and celebrating its 30th anniversary. New York is among the cities being emphasised by the brand, and is currently home to a AllSaints pop-up space located at 500 Broadway. The 5,300 square foot...

FeaturedMember

Business

Under Armour faces new proposed class action lawsuit over 'false discounting scheme'

Under Armour is under the microscope once more, as the sportswear brand faces a new proposed class-action lawsuit alleging it uses a "false, misleading and deceptive pricing scheme" across its Under Armour Factory outlet stores and website. According to Linda Rappaport, a New York resident who filed the complaint in the state's Eastern District...

Retail

Zappos.com re-opens its only physical outlet store in Louisville

Zappos, online footwear and apparel retailer, has re-opened its first and only physical outle store in Louisville, Kentucky. Known as the Outlet Powered by Zappos, the re-opening of the outlet store located at 9101 Minor Lane, sees Zappos continue to expand its presence online and offline while offering a leading shopping experience for its...

Retail

Moss opens first Scottish outlet as part of regional investment

Menswear label Moss has opened its first Scottish outlet store in Caledonia Park, Gretna, as it begins to up its long-term investment into the region. The premium designer outlet village, which is owned and operated by UK pension manager Railpen, is now home to one of Moss’ new generation stores, featuring the brand’s recently rejuvenated look...

Member

Retail

Lucy & Yak to open first outlet store

Lifestyle brand Lucy & Yak has announced the opening of its first outlet store near Castleford, Yorkshire, in the discounted shopping outlet centre, Junction 32. Set to open September 6, 2024, the 1,545 square foot space will house a range of “hidden gems, discounted one-off samples, and more”, a press release read, expanding on efforts to keep...

BusinessPress Release

How Gilt established its business in the luxury fashion world: A case study

According to McKinsey’s fashion forecast analysis, the global industry will show revenue growth of 2 to 4 percent in 2024, with the luxury segment continuing to generate the majority of economic gains. LVMH led with a 9 percent increase in sales, reaching over 86 billion euros, and a net profit surpassing 15 billion euros. Hermès notably...

Featured

Fashion

In the name of discretion: how luxury brands offload stock

Images of unsold inventory, with garments piled high like those that end up in landfills, are mostly associated with fast fashion brands, known for their high-volume goods. However, luxury brands face similar issues of excess stock, especially in times of weakened consumer demand. Luxury brands often employ discreet and strategic methods to...

Member

Retail

Phase Eight and Hobbs to open outlet stores in Scotland

The Foschini Group (TFG) brands’ Phase Eight and Hobbs are set to open outlet stores in a dual fascia unit at Caledonia Park, Scotland’s designer outlet village. Scheduled to open in Q4, the duo will be sharing a 3,035 square foot space that will mark the first Scottish outlet for Hobbs’ and the second for Phase Eight. The location will house...