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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:
What changes can we expect in shopping malls and retail shops in the near future?
TODAY, Netherlands:
Multi Netherlands kicks off the major city center project in Rotterdam.
YESTERDAY, United Kingdom:
L&G has announced a £10 million increase in its investment of The Grafton Cambridge.
YESTERDAY, Russia:
Crocus Group presents Vegas Kuntsevo, the third project in a network of thematic shopping malls in Russia.
DAY BEFORE YESTERDAY, USA:
Toys 'R' Us has hired Kirkland & Ellis to represent them as they can start bankruptcy proceedings.
Sep 14, 2017, USA:
Simon announced the Grand Opening of a 500,000-square-foot, shopping, dining, and entertainment complex in Texas.


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