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Two U.S. outlet centers to debut in August

Here are details on two new projects where the paint is still drying, the sawdust still flying, and opening celebrations still in final-stage planning: The 328,000-sf Outlets at Tejon Ranch, set to open August 7, is an hour north of Los Angeles near the junction of I-5 and Highway 99, and boasts more than 70 outlet tenants. Among those in the line-up are Adidas, American Eagle, Banana... 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 >>

Brick-and-mortar still rules, study finds

Physical stores are still the keystone of omnichannel retail strategy and operations, a new study finds. On Solid Ground, published July 24 by the consulting firm A.T. Kearney, contains data that shows some 90 percent of all retail purchases are made in brick-and-mortar sites, and that these stores also are critical to an additional five percent of purchases. Among the key findings:... 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 >>

Express speeds up outlet openings

Since opening its first Express Factory Outlet Store in April, at Tanger Outlets National Harbor near Washington, D.C., followed by 14 more openings and two conversions, the 628-store parent company is bristling with excitement, and talking acceleration. "We are very pleased with the outlet business, which is based on proven successes and all our bestsellers from the previous year,"... more >>

Coach bullish on outlets

Despite some criticism from Wall Street, Coach plans to keep its Coach Factory Store count steady by shuttering underperformers and opening new doors based on perceived advantages in co-tenancy, market quality and geography. For FY 2015, 10 dual-gender Factory Stores will open, offset by 15 closures, 13 of which are men’s standalone outlets. In the same period, Coach will close 70... more >>

Men’s Wearhouse cautious on outlets

Occupancy costs are putting a damper on any potential expansion of Men's Wearhouse stores into outlet centers. "We are essentially on hold while we refine the model in outlet," said president and CEO Doug Ewart. "We are not typically a mall operator and outlet occupancy rates are similar to mall. So outlets are experiencing higher occupancy charges than we would typically find in our... more >>

Outlets grab six MAXIs

Outlet-center marketing teams this year won two gold and four silver MAXI Awards in six different disciplines. Fashion Outlets of Chicago was a superstar, gleaning four MAXIs. Since opening in summer 2013, the 530,000-sf center developed by Macerich and AWE Talisman has broken retail traffic and sales projections. The center’s marketing team won a MAXI Gold in the Traditional... more >>

Realm takes on Northern Ireland center

Preparing for the resurgence of the Outlet Village Banbridge in Northern Ireland, owner RBS Real Estate Asset Management has appointed British outlet-center operator Realm to assume "all property, leasing and asset management issues" for the 204,000-sf center. Then center, developed by GML Estates and Land Securities in 2007, is on the A1 Euroroute between Belfast and Dublin. Although... more >>


"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 >>


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Business Development
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Business Development
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