Looking just at the results of its outlet centers, sales grew 23.5% year-on-year. These are record figures for the company, and a trend which it expects to extend into the second quarter.
In terms of footfall, the Spanish multinational welcomed 15.9 million visitors during the first three months of the year, a 16% year-on-year increase in the centers it manages across Europe.
“We have closed the first quarter with exceptional results that have exceeded all our expectations. The upward trend that we have been seeing across all our centers continues to take hold, underlining the success of our business strategy and model, which is designed to offer growth opportunities for brands. A model that is also renowned for its flexibility and for the expertise offered by our teams, who continue to work tirelessly to maximize results for the brands that place their trust in NEINVER”, comments Daniel Losantos, CEO of NEINVER.
Throughout the first quarter, NEINVER has continued to increase the retail mix on offer at its centers. The company has signed agreements with brands such as Levi’sin Amsterdam, Rituals in France, Hugo Boss in Poland and with Dockers, L’Orealand Tommy Hilfiger in Italy. In Germany, new deals have been signed also with Tommy Hilfiger as well as with, Camp David and Only. Meanwhile, brands such as Pumaand Jack & Jones in Spain, along with Adidas in Poland have upsized their stores.