New shopping, holiday and tourism destination in the Baltic region – Riga Outlet Village
An attractive shopping village with up to 120 premium brand stores, restaurants, cafes and other leisure services
Leasable area for shopping, catering and leisure: 10 000 m2
The first phase will open in 2022
10 000 m2 large area of the property allows development in several phases
Riga Outlet Village has the potential to attract estimated EUR 100 - 110 million sales per year and profitability of the project reaches 19,85%
The economic growth of the Baltic region is one of the fastest in Europe: most likely the financial indicators of Riga Outlet Village will exceed the forecasts.
A possibility for clients to buy designer labels on discount prices (up to 70%) directly from the manufacturers.
In order to attract more customers, shops – outlets of diverse manufacturers – are grouped together in specific locations which are convenient for clients.
Shopping in outlet villages is special event for families: frequently most of the clothing of family is purchased in outlets.
This shopping trip is planned well ahead and outlet village is preferred if it:
Concept developed in the United States since the 1970ies and in Europe since the 1990ies.
The concept of outlet villages is successful, it holds the competition with the online trade very well.