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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:
The brand unveiled two significant retail landmarks in Paris.
YESTERDAY, USA:
The luxury brand has recently unveiled its latest retail venture.
Jul 12, 2024, India:
Crocs has entered into a strategic partnership with Apparel Group India.
Jul 11, 2024, USA:
Italian luxury brand Brioni has expanded its presence in Texas with the opening of a new store in Houston.
Jul 10, 2024, Canada:
Best Buy Canada is set to make a significant expansion into smaller communities across Canada.
Jul 9, 2024:
Forever21 initiated its exit from Colombia by shuttering its flagship store in Bogotá.
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