London Designer Outlet (LDO), the outlet shopping destination at the heart of Wembley Park, has announced a record-breaking start to the year, achieving a notable first-quarter trading performance. The outlet reported over £20.8 million in sales, a 5% increase from the previous year.
In March alone, LDO achieved over £7.6 million in sales, approximately a 10% increase from 2023, and experienced its strongest-ever Easter weekend, with sales exceeding £1.5 million for the first time.
The first two months of the year also set new trading records, as shoppers took advantage of the mix of brands and offers during the January sales and Valentine’s Day. This contributed to LDO’s status as a significant fashion and lifestyle outlet destination in the capital.
LDO’s performance in the first quarter extends its streak to five consecutive months of record-breaking trading, with year-to-March-end sales exceeding £100 million for the first time, building on a highly successful 2023.
Matt Slade, Retail Director at Quintain, commented on the quarter’s performance:
“A record-breaking quarter, including a best-ever Easter weekend sales performance, is the icing on the cake for an incredible first quarter. Despite the unpredictable weather and a challenging economy, we saw a strong turnout of shoppers at the centre, which is a testament to the quality shopping experience and affordable prices at the LDO.”
He added, “With an impressive calendar of global entertainment at Wembley Stadium and the OVO Arena Wembley this summer, including the highly anticipated Taylor Swift Eras tour, 2024 continues to look promising for the LDO.”
Managed by Multi-Realm, the UK’s specialist outlet operator, LDO offers 265,000 sq ft of retail and leisure space, featuring 70 outlet stores, restaurants, and coffee shops, making it an essential shopping destination in London.
