The group which had planned to set up a £20 million (€25.4 million) factory outlet shopping village at Goffs in Kill, Co Kildare, has not shelved its plans to develop the village and is now looking at three other locations.
All three sites are in the same general area and within reach of the N7, the Naas dual carriageway.
Two are under active consideration and the Anglo-US group has also been contacted about a third site.
In January, An Bord Pleanala overturned a decision of Kildare County Council to allow the Value Retail tourist shopping village at Goffs to go ahead, mainly on the grounds of inadequate road access.
Fashion shops in Naas and Dublin had feared the development would damage their business and An Taisce and Naas retailers had objected to An Bord Pleanala.
It is understood that Value Retail was encouraged by the fact that the planning permission was rejected on access grounds and not because of the objections of the traders.
The group is still planning the same type of tourist shopping village, an 86,000 sq ft complex with some 48 international fashion shops like Polo and Ralph Lauren.
No Irish fashion houses were included.
Group sources are adamant, however, that it has to be located close to the N7 carriageway - the busiest tourist route in Ireland - in order to attract more than one million of the four million tourists who travel this way every year.
The group regarded Goffs as the optimum site.
The task now is to find a site that will fit with the planning criteria acceptable to An Bord Pleanala.
The concept of fashion villages or malls is nothing new in many countries, notable the United States.
Value Retail has been bringing the idea to Europe, with tourist fashion villages similar to that planned for Co Kildare now located at EuroDisney, Bicester in England, Barcelona and Madrid in Spain and in Belgium.
These villages were welcomed in other countries as valuable tourist attractions, the group says.
Last summer, Green Property opened a similar outlet in Killarney, Co Kerry, with more than 70 shops, but planning permission for a similar village at Ballymascanlon near Dundalk, was refused recently by Louth County Council.
