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GLOBAL OUTLET BRIEF
August 15, 2013 FORWARD | ADVERTISE

Outlet retailing hits the big leagues

When five outlet centers totaling nearly 2 million sf of GLA open in one summer, it’s safe to say that the sector has hit the big leagues. Fashion Outlets of Chicago knocked it out of the park with more than 200,000 shoppers visiting the center during its July 31-Aug. 4 grand opening. The 550,000-sf two-story mall, developed by AWE Talisman and Macerich, is filled with large-scale art from... more >>


Outlet Agenda

Fall Outlet Leasing and Marketing Convention In September, the VRN Fall Outlet Leasing and Marketing Convention moves back to Secaucus, N.J., for an enhanced program that will include keynote speakers, marketing workshops and roundtables, one-and-a-half days of deal making, and the presentation of the ORCA and Hall of Fame awards. Qualified retailers get in free, and this meeting... more >>

Outlets of Maui sets December grand opening

Leasing at the Outlets of Maui in Lahaina, Hawaii, is progressing so well that space is already being turned over to tenants for soft openings. The 152,000-sf center, which will grand open on Dec. 6, is a development of Outlets of Hawaii, whose principal Andy Smith. Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Carters, Coach, Crocs, Gap, Guess, Izod, Kay Jewelers, Lucky Brand... more >>


Got a VRN APP-etite?

Go to the App Store for your free VRN app to have the latest outlet industry news at your fingertips. Check out the IOJ and Industry Stats pages on the app, plus our Twitter and Calendar pages. more >>


Nebraska Crossing Outlets steams forward

Nebraska Crossing Outlets, a conversion back-to-outlet project that’s behaving like a ground-up project, will open Nov. 15 with 65 tenants in brand-new construction. The 315,000-sf center in Gretna, Neb., is being redeveloped by OTB Destination of Arizona and locally based Century Development. Originally opened in 1993 as Nebraska Crossing Factory Stores, the center struggled as an... more >>


Outlets are hot for Springfield

Leasing at the Outlets at Springfield (Ill.) has caught fire as the number of signed tenants has climbed to 14. Michael Kors, Banana Republic, Book Warehouse, Brooks Brothers, Claire's, Gap, Gold Toe and Lids are joining previously announced Coach, Famous Footwear, J. Crew, Kitchen Collection, OshKosh B'gosh and Skechers in the 340,000-sf project set to open in spring 2014. The project,... more >>


Moscow triples its outlet offer

In a matter of weeks outlet retailing in Moscow tripled, going from one outlet center to three. The 315,000-sf first phase of Vnukovo Outlet Village opened in May on Kievskoe Shosse, one of the Moscow’s most developed highways, in the Leninsky district, five miles from the Moscow ring road and one mile from Vnukovo Airport. Traffic flow along Kievskoe Shosse can reach 2,500 vehicles per... more >>


Overheard

"Our portfolio associated with value retail is a little over 34 percent of our business. In 2011 it generated $1.2 billion of our NOI. And it is growing." - David Simon, CEO of Simon Property GroupSee more details in the March 2013 VRN more >>


By the Numbers

The world’s 35 largest outlet centers – those that are 500,000 sf or bigger – are mostly found in North America. Twenty-five of the world’s largest are in the U.S., and three are in Canada. Two large outlet centers are in China and two more are in Australia. The 35 centers total more than 23 million sf, or about one-fourth of the world’s total outlet GLA of 96 million sf. Chelsea... more >>


Outlet Evolution

Outlet retailing might seem like the new kid on the block, but the sector has been evolving since it began in 1979. Check out our "Changing with the Times: Outlet Retailing in America" video, made exclusively for VRN by global outlet researcher Michael Baker more >>


Editorial


Duke Ratliff
Managing Editor
dratliff@icsc.org
+1 646 728 3570


Natasha Reed
Editorial/Production Assistant
nreed@icsc.org
+1 646 728 3558

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Sally Stephenson
Director of National Accounts,
Outlets and Specialty Leasing
sstephenson@icsc.org
+1 847 835 1617

Michael Belli
Business Development
Manager
mbelli@icsc.org
+1 714 313 1942

Amie S. Leibovitz
Business Development
Manager
aleibovitz@icsc.org
+1 773 360 1179

 

Sheila Charton
Business Development
Manager
scharton@icsc.org
+1 646 728 3545

 

 

Global Outlet NewsBrief is an ICSC bulletin produced by Value Retail News and the International Outlet Journal. To subscribe to the Global Outlet NewsBrief, please email nreed@icsc.org.

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