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.”
The Covid-19 pandemic brought massive changes to the entire retail real estate and placemaking industry. A lot of negative developments, but also a number of opportunities and possibilities for the future. We asked the following industry experts to share their opinion on the matter.
As a Member of the Management Board of the Spar Group, Marcus Wild has been responsible for real estate, the sports retail chain Hervis, and business process management since January 1, 2021. He is also responsible for SES, a shopping center subsidiary, which he steered to market leadership in Austria and Slovenia in his role as CEO. In this interview, we speak with an industry player who has “switched sides”.
The primary focus remains on preventing further vacancies, reports Christine Hager, Managing Director of the redos Group. For the most part, the goal is being met by means of interim leases, for example, for pop-up stores, service concepts, and coronavirus quick-test centers.