UK Factory Outlets market report
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Providing the most comprehensive and up-to-date information and analysis of the Factory Outlets market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Areas covered in this Report
There are three main types of factory outlet in the UK. For this Report, we concentrate primarily on factory outlets and villages; however, to add context to the market we also include factory shops (single brand) and factory warehouses (multiple brands in one large unit).
By definition, factory outlets are a scheme where the majority of retail outlets sell merchandise at a substantial discount to the recommended retail price, typically 20% or more. Factory outlets typically operate in the same way as shopping centres, with groups of shops owned by different companies trading side by side and often include an assortment of leisure facilities. These are also often referred to as designer outlets or villages. However, some schemes operate on a concession basis, with several different retailers in one large unit.
Traditionally, factory outlet centres (FOCs) have been located out of town, requiring people to drive especially to them often from long distances (eg one-hour drive time). There has been a more recent trend for some to be close to towns and cities or within edge-of-town parks.
Expert analysis from a specialist in the field
Written by Samantha Dover, a leading analyst in the Retail sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Despite a relatively saturated factory outlet market in the UK and a challenging retail environment, retail sales through factory outlet schemes continue to grow. The leading operators have tapped into an appetite for discounted clothing, offering value for money. However, beyond that, the best performers have continued to invest in the overall retail environment. This, combined with a move towards proximity outlet retailing, has spiked a new interest amongst young shoppers, which will further fuel growth in future.
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This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
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