Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Visitors from the Middle East to the Chic Outlet Shopping Village in Europe  Join our daily free Newsletter

MENAFN Press - 18/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN Press) Dubai, United Arab Emirates - Monday, December 17th 2012

Value Retail, developer and operator of the nine Chic Outlet Shopping Villages in Europe, announced that sales from Middle Eastern visitors represent the number two non-European nationality across the Villages. Tax refunded sales generated by visitors from the Middle East to grew by 52% in the third quarter of this year with China, the Middle East and Russia representing the three largest markets for the Collection respectively.

Total tax refunded sales generated by non-EU visitors to the Collection grew by 46% compared to the same period last year. Average tax refunded spend from Middle Eastern visitors reaching ‚285 This reflects the increasing appeal of the Chic Outlet Shopping Villages to Middle Eastern travellers, an ongoing trend which looks likely to continue in 2013.

IngolstadtVillage, strategically located between Munich and Nuremberg, experienced an increased of 133% in tax refunded sales made by Middle Eastern visitors in quarter three of this year. The GCC countries continue to represent one of the top twenty source markets in the German tourism industry. The cultural richness, natural scenery and high class service, all ensure to strengthen the popularity of Germany as top travel destination for the market.

"In the first three quarters of 2012 we saw strong growth in tax refunded sales generated by visitors from the Middle East. In particular, tax refunded sales generated by visitors from Kuwait were up by 63%, with guests from Qatar generating a 76% increase, compared to the same period last year. The growth has been fuelled in part by our development of key travel trade partnerships in the market, with regional heavyweights such as Etihad. The latest sales data point to a trend in increasingly popularity of the two Chic Outlet Shopping Villages in Germany “ Ingolstadt Village and Wertheim Village “ with our Middle Eastern guests, with the country firmly established as a must-visit destination for visitors to Europe. As official partners of the National Tourist Board of Germany, both Ingolstadt Village and Wertheim Village are important shopping tourism destinations in their own right."

Ian Stazicker, Head of Tourism, Value Retail PLC

Tax refunded sales generated by all non-EU visitors to theCollection of nine Villages achieved a 46% increase in like-for-like sales growth compared to the same period last year, with an average spend of ‚285.

The Chic Outlet Shopping Villagescontinue to be must-visit international shopping destinations for tourists visiting Europe from all over the world. The Collection of Villages features more than 900 luxury outlet boutiques of renowned international and niche European brands offering reductions of up to 60% on the recommended retail price, all year round, in addition to the tax free savings (of up to 15%) for non-EU residents. Coveted names that attract international customers include Bally, Belstaff, Bimba & Lola, Desigual, Diane von Furstenberg, Marlies Dekkers, Missoni, Mulberry, Tumi and Vivienne Westwood, with some 50 brands having chosen the Chic Outlet Shopping Villages as home to their only outlet boutique worldwide, including Smythson, Agent Provocateur, Anya Hindmarch, Matthew Williamson and Temperley London.


About Chic Outlet Shopping®
Chic Outlet Shoppingis the Collection of luxury outlet Villages by Value Retail, the only company to specialise exclusively in the development and operation of luxury outlet shopping villages. Currently home to more than 900 boutiques, the nine Villages offer the authentic previous seasons' collections of leading luxury fashion and lifestyle brands with savings of up to 60%, and sometimes more, on the recommended retail price, all year round. Within easy reach of some of Europe's and China's favourite gateway cities “ London, Dublin, Paris, Madrid, Barcelona, Milan, Bologna, Brussels, Antwerp, Cologne, Frankfurt, Munich and, coming soon, Suzhou/Shanghai “ the Villages have become synonymous with high fashion, superior service and hospitality, a calendar of celebrated events, and exceptional value for money. Located in regions of cultural and historic renown, the Villages have become international tourist destinations in their own right. Value Retail's new venture to bring its distinctive Chic Outlet Shopping Villages to China will see its first Village “ Suzhou Village„ “ located in historic Suzhou, 50 miles west of Shanghai. As with other members of the Collection, Suzhou Village„ will be defined by its offer of international luxury fashion and lifestyle brands, together with an exceptional level of service.

 






  MENA News Headlines
Apr 16 2014Saudi oil exports reach USD77 b in Q1 ,MENAFN
(MENAFN) Saudi exports of crude oil reached over 715.72 million barrels in the first three months of the current year, according to Arab News. The amount of oil exports of the kingdom was ...

Apr 16 2014Saudi Electricity Company to launch 17 projects ,MENAFN
(MENAFN) Saudi Electricity Company plans 17 new projects across the kingdom to meet the growing demand on energy and electricity, according to Arab News. The projects are estimated at as much as ...

Apr 16 2014Erotic art offers glimpse of China's 'lost' sexual philosophy ,AFP
(MENAFN - AFP) Ancient paintings of fornicating Chinese couples and phalluses made of stone are among items that Dutch art collector Ferdinand Bertholet hopes will help China reconnect with its ...

Apr 16 2014Cash-rich global firms face calls to crack open war chests ,AFP
(MENAFN - AFP) Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that ...

Apr 16 2014Russian sanctions would destroy Cyprus economy FM ,AFP
(MENAFN - AFP) Economic sanctions by Europe against Russia "would destroy Cyprus's economy," Nicosia's foreign minister Ioannis Kasoulides said in a German newspaper interview published ...

Apr 16 2014Supermarket Tesco announces annual net profit of £974m ,AFP
(MENAFN - AFP) Supermarket group Tesco, Britain's biggest retailer, on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall. Tesco said profit ...

Apr 16 2014Chinese, Russian FMs discuss Ukraine ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Chinese Foreign Minister Wang Yi and his Russian counterpart Sergei Lavrov called for the interests of all parties in the in Ukraine's crisis to be respected, ...

Apr 16 2014Kuwait- GIC chief participates in ABANA Summit panel discussions ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Shafic Ali, head of the Principal Investments Group at Gulf Investment Corporation (GIC) late Tuesday participated in a panel discussion on (Emerging Trends in ...

Apr 16 2014Two people dead, 107 missing in S. Korea sunken ferry ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A passenger ship carrying more than 470 people, mostly high school students, sank off South Korea's southern coast on Wednesday, leaving at least two people dead ...

Apr 16 2014Today in Kuwait's history ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) 1961 -- First edition of "Al-Rai Al-Aam" newspaper hit the stands. 1962 -- Kuwait joined the United Nations (UN) Commission on Narcotic Drugs. 1972 -- The Amir ...

Apr 16 2014EU voices concern over increase of terrorist attacks in Nigeria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EU High Representative for foreign affairs and security policy Catherine Ashton late Tuesday "strongly condemned" the abduction of more than 100 school girls in ...

Apr 16 2014Reporters Without Borders says three more pressmen killed in Syria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Three more journalists have been killed by gunfire in the Syrian town of Maaloula, north of the capital Damascus, press freedom organisation Reporters Without ...

Apr 16 2014Afghanistan- Security directorate opens ,The Peninsula
(MENAFN - The Peninsula) Afghan National Army soldiers and their Nato counterparts attend the opening ceremony of National Directorate of Security funded by the US in Lashkar Gah, Helmand province, ...

Apr 16 2014India- Varun has betrayed the Gandhi family, says Priyanka ,The Peninsula
(MENAFN - The Peninsula) Priyanka Gandhi Vadra yesterday slammed estranged cousin Varun Gandhi for the second time in three days, criticising him for siding with the BJP, and "betraying the ...

Apr 16 2014India- Campaigning ends for sixth phase polling ,The Peninsula
(MENAFN - The Peninsula) Campaigning came to an end yesterday for the sixth phase of general elections that will decide the fate of 122 Lok Sabha seats across 10 states, including West Bengal and ...

Apr 16 2014India- Fire escape ,The Peninsula
(MENAFN - The Peninsula) Afirefighter wearing a fire suit walks through a wall of flames during a demonstration of their skills for Fire Safety Week in Bhubaneswar yesterday. Fire Safety Week runs ...

Apr 16 2014India- Modi attacks Rahul over 'toffee model', regrets targeting PM ,The Peninsula
(MENAFN - The Peninsula) "In such a big election, first they spoke of balloons and now toffees... If he gets a toffee, his day is made. But in my childhood, I never even knew what a toffee was. I ...

Apr 16 2014UN warns Nepal over civil war crime amnesty ,The Peninsula
(MENAFN - The Peninsula) Nepal would weaken the foundations of "genuine and lasting" peace after a decade-long civil war if it gave amnesties for serious crimes committed during the conflict, the top ...

Apr 16 2014Japan- Lunar eclipse ,The Peninsula
(MENAFN - The Peninsula) Partial lunar eclipse is seen atop an antenna on the roof of a high-rise building in Tokyo yesterday. ...

Apr 16 2014South Africa gears up for polls ,The Peninsula
(MENAFN - The Peninsula) Unemployed South African men look at an election campaign poster for opposition party Inkatha Freedom Party in Cape Town yesterday. South Africa is to hold its fourth general ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help