Figures are up for Fashion House Outlet Centre Bucharest
Fashion House Group, part of the Liebrecht & wooD Group, registered its best results in the last seven years for Fashion House Outlet Centre Bucharest.
The good performance was a direct result of the continuous improvement of the premium retail offer within the commercial center, with eight new store openings and lease contracts signed. The business indicator with the best evolution in 2017 was retail sales, which increased by 10% compared to the previous year, an annual growth rate of more than triple of the one registered in 2016.
Managing Director Brendon O’Reilly stated: ”2017 brought yet another strong performance, which proves that the Romanian consumer is becoming more and more aware of the relationship between his spending and the quality and value of the fashion products he desires. That is why significant increases for all business indicators are registered every year; we can see that our buyers are more satisfied with the premium fashion offer that is available at Fashion House Outlet Centre Bucharest.”
Although empty shop windows have always been part of running a shopping center, there are more around than most center managers might like. The good news is that they are opportunities to create bite-sized experiences that support the trend towards “shoppertainment”.
The most difficult part of business is making decisions during a crisis, explains Walter Seib, CEO of HMSHost International, with regard to the Covid-19 pandemic. He believes that as countries open up and vaccines become available, people will travel and return to airport F&B.