SAN MARCOS, Texas, Prime Outlets, a portfolio of 21 centers located throughout the U.S. and Puerto Rico owned and operated by leading outlet shopping center developer Prime Retail, announced today the opening of a new Gucci Outlet Store at Prime Outlets - San Marcos. The 6,172square foot location slated to open Wednesday, September 17 is the iconic fashion designer's only outlet store located between New York and California, and just its fourth in the world."Prime Outlets - San Marcos is known throughout the region for its unique collection of luxury designer outlets," said Senior Vice President of Marketing Karen E. Fluharty. "We are thrilled Gucci has chosen Prime Outlets as the home for its newest outlet store.The Gucci Outlet will surely be a draw for outlet shoppers from Texas, Mexico and beyond."The Gucci Outlet store will offer shoppers 30 to 50 percent off merchandise including clothing, footwear, handbags and accessories. It joins stellar designer and brand-names such as Giorgio Armani General Store, Catherine Malandrino, Michael Kors, Salvatore Ferragamo Company Store, Furlaand Zegna Outlet at the premier shopping destination which serves the Austin and San Antonio markets along with the region's extensive tourist market. About Gucci Founded in Florence in 1921, Gucci is one of the world's leading luxury brands. Gucci designs, manufactures and distributes high-quality and highly desirable products such as leather goods (handbags, small leather goods, and luggage), shoes, ready-to-wear, silks, timepieces and fine jewelry. Eyewear and fragrances are manufactured and distributed under license by global industry leaders in these two sectors.
Gucci's core values are uncompromised craftsmanship, outstanding quality and absolute made in Italy (with the only exception of watches, which are produced in Switzerland). According to a perfect balance between creativity and results, Gucci posted another record year in 2006, with revenues amounting to 2,101 million Euro (+16.8%, on top of a 18.4% growth in 2005) and a recurring operating income of 612 million Euro (+26.0%, for an incidence on revenues of 29.1%). Gucci products are sold exclusively through a highly selected network of directly-operated stores(which totalled 227 at June 2007), which represents more than 70% of Gucci total revenues. Other significant channels are franchisees; duty-free boutiques and large and small specialty stores mainly in Europe and North America.
E-commerce is also a complementary valuable channel. The Gucci selling experience in all these channels is exclusive, luxurious and highly desirable. Gucci is part of Gucci Group N.V., owned by PPR, a global player in Retail and Set Luxury Goods. Shares in PPR are traded on the Euro next Paris(#121485, PRTP.PA, PPFP).About Prime Outlets - San Marcos Prime Outlets - San Marcos is located off I-35 at Exit 200, between Austin and San Antonio in San Marcos, Texas. The 750,000-sq. ft. outlet center offers everyday savings of 25 to 65 percent off full retail prices andfeatures a growing collection of 130 brand name retailers including Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Giorgio Armani General Store, Lacoste, Pottery Barn Outlet, Restoration Hardware, Crate & Barrel Outlet, kate spade, Michael Kors, Zegna Outlet, Salvatore Ferragamo Company Store, Juicy Couture, bebe, Polo Ralph Lauren Factory Store, Dooney & Bourke and COACH Factory.
About Prime Retail
Headquartered in Baltimore, Md., Prime Retail is the parent company of Prime Outlets and one of the largest and most successful owners of retailcenters in the U.S. Spanning more than eight million square feet throughout major United States markets and Puerto Rico, Prime Retail recently added top designer and brand name stores including Giorgio Armani General Store, Gucci, Michael Kors, Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company Store, Zegna Outlet and many more to its portfolio. The company owns and operates 21 Prime Outlets in markets including Orlando, San Marcos, Texas, Williamsburg, Va., and Grove City, Pa. Adding nearly two million square feet over the next several years, Prime Retail is positioned to become the leading retail outlet company in the industry. For more information, please visit http://www.primeretail.com/.
SOURCE Prime Outlets - San Marcos
