Florentia Village Delivers Positive Growth during Labor Day,
with Record Breaking Sales Following Re-openings

 

20th May 2020, Shanghai, China - During Labor Day holiday, Florentia Village achieved strong sales performance across their five mainland China locations surpassing last year's holiday results, with Shanghai and Chengdu breaking record sales. Weekend traffic saw positive growth across all centers, signaling consumer confidence. At the same time, Florentia Village loyal card member base gained over 40% growth in spending and is expected to exceed 2 million card members within this year. 



"Following the impact of Covid-19, where many malls including ours were forced to shutter, we are pleased to see the immediate recovery of Florentia Village after reopening, and we are very grateful for the support and assistance received from government, consumers, our business partners and our employees." said by Maurizio Lupi, Managing Director of Florentia Village and RDM Asia, "We maintain a positive outlook in China's retail sector and our strong commitment to creating an ideal shopping destination that not only bring authentic Italian shopping experience to Chinese consumers, but also a new retail experience by integrating tourism, shopping, leisure and entertainment."



Florentia Village Strong Performance during Labor Day in Tianjin, Shanghai, Guangzhou - Foshan
The main locations of Florentia Village showed signs of strong recovery with sales and traffic increasing week after week, with the sales increase of 127% at Tianjin and Shanghai locations during holiday week, compared to a normal week.  At the same time, Florentia Village Shanghai and Guangzhou – Foshan saw the highest traffic surge over holiday weekend, with single day traffic exceeding 35,000 visitors in a location. Furthermore, Florentia Village Shanghai breaks new sales record, with numerous stores placing No.1 in outlet sales across China during Labor Day holiday.




Florentia Village Chengdu Breaks Sales Record and Florentia Village Wuhan Shows Significant Growth Potential 
Florentia Village Chengdu has reached a record high in both sales and numbers of guest visiting after re-opening. During Labor Day holiday, Florentia Village Chengdu saw over 80% growth in sales and more than 23% growth in visitors compared to last year. 

Meanwhile, since re-opening second week of April, Florentia Village Wuhan saw surge of shoppers from surrounding cities as well as from our loyal customer base, opting for Florentia Village outdoor space and various brand offers. Florentia Village Wuhan is expecting significant growth potential in the near future, with the completion of the metro lines and the development of nearby commercial and residential communities. 



Florentia Village launches "Virtual Shopping" to connect with Chinese customers 
To better connect with customers and support business partners, Florentia Village worked with brand partners and fashion industry leaders to launch live stream shopping events at five Florentia Village outlet locations, allowing customers to participate in "virtual shopping" where they can experience the outlet environment and purchase directly from the stores without having to step outside their homes. The series of live stream events and digital channel promotions are numerous ways Florentia Village continues to evolve to better serve its customers and partners.

The strong Labor Day holiday results at Florentia Village shows a remarkable recovery in consumer spending, indicating foreseeable growth in second half of the year for Florentia Village outlet business. With the further extension of Florentia Village 2nd phase expansion projects in Shanghai and Chengdu, as well as the development of Chongqing outlet, Florentia Village will bring more brands and unique offerings to meet customer needs, while facilitating local consumption and local employment rate. Florentia Village will continue optimizing customer experience, presenting more events, exclusive offers and rewards for our customers.

ABOUT FLORENTIA VILLAGE 
Florentia Village is China's leading Italian designer outlet under the Italian real estate entity RDM.  Florentia Village was first launched in 2011 and currently has a total of six outlets across Greater China, located in Tianjin, Shanghai, Guangzhou, Wuhan, Chengdu and Hong Kong, with Chongqing to be the seventh outlet location to open in 2021. The outlets'distinctive Italian architecture paints a vivid image of Florentia from ancient Rome and the Renaissance age by combining plazas, galleys, fountains and monumental buildings to deliver a one of a kind shopping environment. Florentia Village carries over 300 renowned brands from Europe, United States and Asia at a year-round discount of up to 80% off. 

Through RDM's extensive network of contacts within the global retail community, the stores are leased to the most prestigious luxury fashion brands. To date, Florentia Village has achieved a combined total leasing area of 300,000m2, a total of 1,200 shops, and has attracted upwards of 19.5 million visitors annually. As the leading international designer outlet in Asia, Florentia Village brings an unparalleled Italian style and shopping experience to the region.