The owner of designer outlets in the UK and Italy has announced a €1bn investment in new centres and expansions to make shopping more experiential and lure more millennials and Gen Zs into shopping centres.
Work has started on a £160 million Designer Outlet in Cannock, McArthurGlen’s latest designer village venture in the UK. The centre will feature more than 80 stores and restaurants and is expected to open in 2020.
The expansion of Bicester Village and McArthurGlen's latest sales report show just how strong out-of-town outlet malls are at present. But a new report says urban schemes are where future growth is going to come from.
Outlet centre giant McArthurGlen saw sales rising fast in the last year as tourists from outside of Europe and price-conscious locals bought into its offer while higher-end new brands signed up to its malls