Spend at UK outlet centres to reach £4.1bn by 2024

Consumer appetite for bargains will drive an increase in spend at UK outlet centres and designer villages over the next five years, rivalling e-commerce for growth, according to a new report.

In fact, spend at outlet centres is expected to grow by 4.8% in 2019, significantly ahead of physical retail which will decline by 0.5%, and just slightly behind the 6.4% increase in non-food online sales.

According to GlobalData, a leading data and analytics company, spend at outlet locations will rise by £637m to reach £4.1bn in 2024, fuelled by a shift in occupier line-ups from traditional stores such as M&S and Gap to younger names like Dr Martens and Nike.

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