McArthurGlen Announces Solid 14% Sales Growth Year-To-Date
28 November 2023
MAPIC, Cannes, 28 November 2023 – McArthurGlen Group, Europe’s leader in designer outlet shopping, today reported that total revenues from its portfolio grew by 14% year-to-date compared to 2022 figures. This growth was driven by an 11% rise in footfall and a 3% increase in average spend per visitor.
“Our consistently strong performance over the past three years, despite substantial market challenges, demonstrates the resilience of our business and that our retail proposition continues to resonate with consumers throughout Europe and Canada,” said Joan Jove, Co-CEO of McArthurGlen Group.
Susie McCabe, Co-CEO of McArthurGlen Group, continues: “Each of our 25 centres offers a compelling mix of our customers’ favourite brands at great value, with discounts of up to 70%. By combining this with our strong Food & Beverage offer, unparalleled guest services and elevated in-centre experiences, we ensure that our guests enjoy an extraordinary and memorable day out.”
McArthurGlen’s impressive growth year-on-year is a testament to the solid resilience of its business model. The busy Christmas trading period is still to come, but the Group is thrilled to report that it is on track to deliver total sales of approximately 5.5 billion euros by the end of the year.
Recovery of international tourism has been particularly strong at McArthurGlen this year. Year-to-date Tax-Free Sales are 65% above 2022 levels, with top nationalities including the Middle East, Greater China, the US, India and Southeast Asia. Across the portfolio, Tax-Free Sales have almost returned to pre-pandemic levels.
New brands
In 2023, McArthurGlen has welcomed 70 new brand partners to its centres and opened over 300 new stores.
New brand highlights include Lanvin, Vivienne Westwood, Sophia Webster, Clarins, Red Bull Racing, Worst Behaviour (WRSTBHVR) and Saucony.
Meanwhile, McArthurGlen is continuing to enhance its F&B offering, understanding that outstanding food options play a big part in providing extraordinary day-out experiences for customers. The Group’s most recent customer insight shows that guests who engage with its food and beverage proposition visit 10% more each year, spend 30% longer in a centre, spend 19% more and visit in larger groups compared to those who do not engage with F&B.
New F&B additions include Eataly, Bollicine & Co, Aix & terra, MyBurgenland, California Bakery, Angelina and Ladurée.
Nick Brady, Group Managing Director, Leasing, at McArthurGlen Group, said: “Throughout 2023, we have continued to focus on elevating our brand mix. From leading luxury labels to exciting streetwear concepts, and dine-in brasseries to casual street food, our tailored approach to leasing ensures that all our guests enjoy a successful shopping trip.”
Paris-Giverny
The Group’s newest shopping destination, McArthurGlen Designer Outlet Paris-Giverny, opened in April 2023.
The centre is home to an impressive list of premium and luxury labels, including Moncler, Roberto Cavalli and Missoni, as well as BOSS, Lacoste, Coach and Tommy Hilfiger, all at a minimum discount of 30% year-round.
As well as shopping the world’s most sought-after brands at irresistible prices, guests keen to sample the delicacies of the local area can enjoy a dining experience at Les Hortensias, which opened over the summer. A brasserie conceived in collaboration with Parisian restaurateur, Romain Taieb, Les Hortensias serves locally sourced products and offers visiting gourmands a taste of the culinary delights of the region.
June also saw the opening of the centre’s very own Maison des Métiers d’Art, named GVRNY; an immersive space dedicated to showcasing the rich and diverse craftsmanship of the Normandy region.
Upcoming expansions
Growing demand for destination shopping underpins the Group’s development pipeline. Its ongoing expansion programme will see new phases in Canada, the UK, Spain, Italy, and The Netherlands.
- Designer Outlet West Midlands: Phase II – Following the successful launch of the development’s first phase in 2021, plans are now underway for an additional 98,000 sq ft (9,100 sqm) Phase II, which will add 50 new brands to the centre. Once completed, the project will span 285,000 sq ft with over 100 units over the two phases. The first stage of this new development, featuring an initial 25 stores, is scheduled to open in Summer 2025.
- Vancouver Designer Outlet: Phase III – a significant 65,000 sq ft (6,000 sqm) expansion is currently in planning, introducing 27 new luxury and premium stores. This phase is set to open in Summer 2025.
- Designer Outlet Málaga: Phase II – a major 12,000 sqm expansion is currently in planning, which will introduce 70 new stores.
- Designer Outlet Castel Romano: Phase IV – an 8,000 sqm expansion is in planning, offering 30 new stores.
- Designer Outlet Roosendaal: Phase III – we have received preliminary permissions for an expansion of up to 7,000 sqm which will bring Roosendaal’s total GLA from 23,000 sqm to 30,000 sqm. Subject to the relevant approvals, this new phase is expected to be completed by 2026.
