Railpen, one of the largest pension managers in the UK, has announced Tommy Hilfiger and Calvin Klein have signed at Caledonia Park, Scotland’s premium designer outlet village, following a record-breaking first quarter for the destination.
Global designer lifestyle brand, Tommy Hilfiger, will occupy a 5,000 sq ft store, with Calvin Klein in 4,100 sq ft, both positioned in prime locations within Caledonia Park. Due to open this year, they will join several premium brands at the destination, such as BOSS, Polo by Ralph Lauren, and kate spade new york, and mark another significant endorsement of Caledonia Park and outlets.
This news coincides with record-breaking performance seen by the destination so far this year, with sales up 28.1% year on year in Q1, making it the best-ever first quarter since Caledonia Park opened in 1999. This is also reflected in April’s results, where sales increased by +24.5% year-on-year, and footfall by 4.9%.
Maria Averkina, Asset and Development Manager at Railpen, commented on the signing: “Securing two premium international brands is a great step forward for Caledonia Park, and is a key moment of success in our leasing strategy. We have a critical mass of aspirational brands in the destination and, following the extensive refurbishment, we are continuing to see the results of our investment materialise with global retailers such as Tommy Hilfiger and Calvin Klein choosing to position themselves here, as well as a number of other brands in the pipeline. These two retailers will elevate the destination further, and cement our position as not just Scotland’s premium designer outlet village, but one of the leading outlets in the UK.”
Johnstone Property Consultants and Time Retail Partners acted for Caledonia Park.
