Outlet owner Neinver reports record sales growth

The company reported reaching the 63 million mall visitors mark, a 16% increase over 2021.

Spanish multinational company Neinver, specializing in real estate development, investment and management, has reported record sales growth to €1.35 billion. This indicator is a 6% increase over the previous pandemic year of 2019 and a 22% increase over 2021.

Operating 17 outlets, four retail parks and over 800 brands in six European countries, еhe company reported reaching the 63 million mall visitors mark, a 16% increase over 2021..

The company said accelerated sales were seen throughout last year. Outlet attendance was up 19% and revenue was up 25%. According to Neinver CEO Daniel Losantos, 2023 also started positively, “In January, there was double-digit sales growth at outlet stores compared to 2019 and early 2020, and visitor numbers exceeded pre-pandemic levels.”

The company signed 377 new leases in 2022 and added new brands to its portfolio, including its first-ever outlet stores, Zara Home and Mr. Wonderful. In addition, Tom Tailor Kids, Puma Kids, Tommy Hilfiger, Guess Kids, Custo Barcelona, Lacoste, Invicta, Wolford and Joop! and other stores opened.

In the food service segment, Neinver signed Five Guys, Grosso Napoletano, Casa Carmen, Sushisom and Popeyes, and partnerships with international giants Taco Bell and Starbucks. As a result, F&B’s share of the Spanish giant’s portfolio has reached 17%. Neinver’s occupancy rate reached 96% by the end of 2022.