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Outlet centres outshining malls



Outlet malls are becoming increasingly popular, attracting high-end brand names that attract those with money to spend and opening closer to regular stores.
Alexander McQueen, the late British designer did not usually hang around discount malls, but his label opened its first store in the US at Riverside County a few days ago, Los Angeles Time says.

Along with McQueen, Belstaff, Helmut Lang and several others have launched their first North American stores in the same mall.

Although the discounts are nothing to write home about, but these malls are welcoming the high level brands and challenging full-price centres at the same time.

Luxury brands like Michael Kors use affordable pricing to challenge high-end competitors. However, more of the elite labels are entering the outlet tier level to fight for customer loyalty.

The centre draws around 10 million visitors each year and has seen record sales since the global recession. It has been ranked the best performing outlet in the state and ranks among the national top five.

More about shopping malls in the USA



TODAY, USA:
McDonald's expects to open 1,900 new restaurants in 2023.
TODAY, USA:
The retailer continues to take steps to save the business.
YESTERDAY, United Kingdom:
Munich-based sports brand is entering the UK market by opening its first store in London.
YESTERDAY, USA:
Michael Jordan gets only 5% of revenues.
Jan 27, 2023, France:
The new campaign used AR to present world-famous landmarks adorned with the artist's famous dots.
Jan 27, 2023, Italy:
Studio Piuarch implemented the project in collaboration with the architect Antonio Perazzi.
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