By Neil Craven - This is money
Designer brand shopping centre group McArthurGlen has reported a sales boost this summer, as a result of higher spending by shoppers and tourists.
July sales jumped 6.5 per cent compared with last year while many High Street rivals struggled.
A spokesman for the company, which has outlets at seven British sites, including Swindon and York, said the increase had partly come from a 150 per cent rise in the number of Chinese, Kuwaiti and Malaysian visitors, many of whom come specifically for the centres.
Each of the outlet centres has up to 140 stores, including Marks & Spencer, Polo Ralph Lauren, Calvin Klein, Jaeger and Kurt Geiger advertising up to 60 per cent off. The company also operates centres on the Continent.
Sales of the most premium designer labels recorded the strongest rises – some were up by more than 50 per cent – though cosmetics and accessories also proved popular.
Meanwhile, the average amount spent by each British visitor increased as they bought fewer but more expensive ‘investment pieces’, such as Mulberry bags.
‘People are changing their spending patterns,’ said Colin Wilding, manager for Britain.
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