Do we have room for more factory outlets?
Factory outlet centres have been one of the few genuine growth stories in the global shopping centre industry in recent years. Consumers have gravitated strongly to the channel – not as an everyday or every-week shopping trip, but more as an occasional treasure hunt. This is partly due to their out-of-metro area locations.
In Australia, there are still only about 20 outlet centres in operation and from a performance standpoint (with some notable exceptions), they tend to punch above their weight. When viewed from an international perspective, there certainly seems to be an undersupply of outlet space.
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Kate Box, Local Head of Retail Facebook on stage at Inside Retail Live. Register now for Festival of Retail Ideas… https://t.co/d2FBeVGDpz10 hours ago
One has to question how long Australia can sustain so many similar 'disruptive' retailers. https://t.co/YBHR6JXqZU12 hours ago