Retail | Ticker

NEINVER is back to pre-COVID levels

The leading Outlet Operator in Spain and Portugal and the second-largest Operator in Europe, has announced a steady recovery at its Outlet Business in 2021.

NEINVER is back on track. The company has announced a steady recovery at its outlet business in 2021, particularly during the second half of the year as restrictions began to ease. The outlet operator is the second-largest operator in Europe and the leading outlet operator in Spain and Poland. 

According to the company, NEINVER recorded over 909 million Euro in brand sales across its 17-centre outlet portfolio. This is a 24 percent like-for-like increase on 2020. The outlets welcomed more than 35 million visitors over the course of the year, a 16 % like-for-like increase. 

In H2 2021, footfall stood at just 88 % of the equivalent pre-pandemic period in 2019, whereas brand sales across the outlet portfolio slightly outperformed 2019 levels thanks to a strong recovery of sales in Q3 (+3 percent on Q3 2019), confirming the improved momentum. The fact that retail turnover has produced like-for-like growth during this period, despite lower footfall, further demonstrates the high sales conversion rates and an increase in basket size.

“Reaching pre-COVID sales levels during the second half of the year fills us with optimism, and it is a clear indication of the strength of our business. Our agility and extensive specialised expertise have played a key role in maximising our results, despite the continued restrictions”, said Carlos González, NEINVER Managing Director.

Tags: , ,

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Special Issue “Mixed Use Developments Update”

We present our Online Special "Mixed Use Developments Update".

SPACE – the German Council Congress is back in Berlin

SPACE: Shopping, Places, Attention, Culture, Environment. This is the topic of the 20th German Council Congress 2022.


The Style Outlets is expanding again with a new project under construction: Alpes The Style Outlets.

Lillenium launches an innovative digital loyalty program with Coniq

Lillenium Mall has appointed Coniq to launch a new customer engagement and loyalty program that integrates digital applications and omnichannel innovation to create frictionless retail journeys for their customers.

Top 20 Store Openings to Watch in July 2022

Shopingy Mall Analyser and ACROSS Magazine present the top 20 store openings to watch on a monthly basis. Find here the exclusive data for July 2022.

BIG Shopping Centers Israel acquires two shopping centers in Poland

It is the first acquisition for BIG in Poland, with an investment of approximately 65 million Euro. Hay Galis, CEO of BIG, notes that these two acquisitions support company’s growth plans to become a dominant player in the Retail Park sector in Poland.