McArthurGlen booms, says tourist shopping sees strong recovery

McArthurGlen Group, the leading outlet centre giant, reports a robust 14% year-to-date increase in total revenues, fueled by an 11% rise in footfall. Despite market challenges, the company’s consistent performance over the past three years underscores the enduring appeal of its retail proposition across Europe and Canada. International tourism recovery has been especially strong, with tax-free sales soaring 65% above 2022 levels. McArthurGlen’s addition of 70 new brand partners, including Lanvin and Vivienne Westwood, has contributed to this success. As the Christmas season approaches, the company anticipates total sales reaching approximately €5.5 billion by year-end. The pipeline includes new phases in Canada, the UK, Spain, Italy, and The Netherlands, reflecting McArthurGlen’s commitment to expanding and enhancing the outlet shopping experience.