The growth of outlet villages has been significant over the years - I can recall in person watching Cheshire Oaks come out of the ground brick by brick and it hasn't stopped growing and evolving since whilst Bicester Village is now a tourist destination in its own right for those searching for a bargain.
With retailers likely sitting on large piles of the wrong season stock then it seems logical that even in the short term the outlet option should flourish. The outlet operators also tend to be very conversant in all things "turnover" related so the conversation around the relevance of turnover rent leases (in its many guises) may not go away any time soon and could canny operators find themselves on a shopping precinct / high street / centre near you soon ?
Now then... who fancies a bargain ?
“The economic model of the outlet store is ideal in this period of uncertainty, as it is based on balanced and virtuous relations between brand retailers and property companies, by indexing income to results achieved by the points of sale.”
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