THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
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

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

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues