THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Chic Outlet Shopping Villages achieve record double-digit growth in tourist sales

The luxury outlet Villages, operated by Value Retail achieved an impressive 81% increase in tax refunded sales in Q3.

CITY & CORPORATE

Chic Outlet Shopping Villages achieve record double-digit growth in tourist sales

In Q3 (Jul-Sept) 2010, increases in tax refunded sales for each of the nine luxury brand Chic Outlet Shopping(R) Villages are significantly higher than their respective city benchmarks (as defined by Global Blue) and, for the second successive quarter, all Villages have achieved growth in excess of 50% in tax refunded sales compared to the same period in 2009.

Across the Collection, tax refunded sales have been dominated by two contributing markets year to date: China, which showed an increase of 95%, and the Middle East with an increase of 55%, each respective market representing one quarter of the total of tax refunded sales achieved. The fastest growing market continues to be Russia, however, which, at +98%, has almost doubled the figures recorded in 2009.

The average spend per tax refunded transaction in Q3 was EUR287, an increase of 10% compared to the same period in 2009, with the highest spend per tax refunded transaction year-to-date attributed to visitors from the USA who spent an average of EUR318, an increase of 8% against 2009.

The Chic Outlet ShoppingVillages have some 900 boutiques of renowned international and niche European offering reductions of up to 60% off the recommended retail price, all year round, in addition to the tax free savings (up to 15%) available to non-EU residents.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing