LDO revenue surges 9.2% thanks to summer weather

LDO London Designer Outlet Sue Shepherd
LDO has achieved 22 consecutive quarters of year-on-year growth
// London Designer Outlet total revenue up 9.2% across summer
// For the months of June, July & August, like-for-like sales spiked 4.8%
// Footfall increased 3% during the period

London Designer Outlet (LDO) has reported a boost in its sales and revenues across the summer season.

For the months of June, July and August, total revenue increased by 9.2 per cent, while like-for-like sales spiked 4.8 per cent.

The Quintain-owned centre in Wembley Park, north west London, also reported a year-on-year footfall increase of 3.0 per cent during the period.

LDO also reflected on the importance of travelling customers, as it saw a year-on-year tax-free sales growth of 9.8 per cent.

The shopping centre has said it achieved 22 consecutive quarters of year-on-year growth and its overall growth remains ahead of the results seen across the national retail sector.

“The summer months have been very busy at LDO, with guests travelling from near and far to enjoy aspirational and desirable brands at up to 70 per cent off RRP throughout the year,” LDO general manager Sue Shepherd said.

“We have benefited from Wembley Park’s own event programme such as International Busking Day, major concerts at Wembley Stadium from the Spice Girls to The Who, and the success of our Dropit initiative for hands-free shopping.”

Wembley Park is set to attract over 20 million visitors per year and a £328 million annual retail spend, which is more than Camden, London Victoria and Ealing Broadway.

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