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Hermes reports strong performance across its premier outlets

Hermes Investment Management increased both sales and footfall across its three outlet centres in 2016.

SHOPPING CENTRES & RETAIL PARKS

Hermes reports strong performance across its premier outlets

Hermes Investment Management increased both sales and footfall across its three outlet centres in 2016.

Clarks Village in Somerset, Freeport Braintree in Essex, and Junction 32 in West Yorkshire, collectively achieved a 6.7% sales uplift with footfall up 5.8% over the year. In December, 1.1 million people visited the three outlet retail destinations, which was a 3.76% increase on the same period in 2015.

In the last 12 months, several retail and leisure brands have opened stores across the portfolio. These include The White Company, Wonderbra and GBK at Clarks Village and Hugo Boss at Freeport Braintree.

Gavin Murray, asset manager at Hermes Investment Management, said: “Our three premier outlet malls provide a compelling mix of shops, restaurants and an engaging experience, which is resulting in unprecedented demand from leading brands. In turn, this is driving a very positive response from consumers, with sales and footfall up at all three of our outlet malls last year.

“Looking ahead to 2017, we will be maintaining our fashion focused offer and providing places that people want to spend time, shop and also dine – complete day out destinations.”

The three retail outlet destinations welcome approximately 10.6 million visitors a year and have a combined total of 262 stores and 20 cafes and restaurants.

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