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GLOBAL OUTLET BRIEF
December 13, 1901 FORWARD | ADVERTISE

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Global Outlet NewsBrief is the only news update exclusively focused on outlet retailing and development. Emailed andposted online every two weeks, Global Outlet NewsBrief is edited and written by ICSC's Value Retail News and International Outlet Journal staff. Global Outlet NewsBrief is emailed free to all VRN/IOJ subscribers, and also delivered to those ICSC members who use our quick... 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 >>

Outlet centers open in California, Minnesota

The 409,000-sf Twin Cities Premium Outlets opened August 14 in Eagan, Minn., just four miles from the sprawling Mall of America. Shoppers, taking advantage of grand-opening promos, lined up at cashwraps and stores, including Helzberg Diamonds Outlet, which was giving away pearl bracelets in exchange for contact information and offering 25 percent off entire purchases. "The openings went... 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 >>


Manchester Designer Outlets expands

A 20,000-sf expansion to Vanderbilt Equities’ Manchester (Vt.) Designer Outlets opened in July, bringing the village-style center’s GLA to 170,000 sf. Called the Marble Mill, the expansion hosts Armani Outlet, Eddie Bauer Outlet, New Balance Factory Store and Eileen Fisher Company StoreFor further details see the September 2014 VRN 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 >>


Macerich expands Niagara, adds Chicago tenants

In a 175,000-sf expansion of its Fashion Outlets of Niagara Falls (N.Y.) USA, Macerich will see 35 new stores open in time for the holidays. One highlight is a 28,000-sf new-prototype Saks Fifth Avenue Off 5th. The developer is also remodeling the existing center, which first opened in July 1982. Macerich is also welcoming new tenants to Fashion Outlets of Chicago in Rosemont, Ill.:... more >>


McArthurGlen plans two Istanbul centers

London-based developer McArthurGlen will begin construction in spring 2015 on two designer outlet centers in Istanbul. Exact sites haven’t been announced, but the company said it will develop one on each side of the Bosphorus strait – with a 36,000-m2 center planned for the European side and a 30,000-m2 project on the Asian side. Openings in 2016 are projected for both. McArthurGlen is... more >>


Duchess of Cambridge shops Bicester Village

Kate Middleton, prepping for a trip to Malta – her first solo overseas appearance on behalf of the Queen of England – visited Bicester Village in Oxfordshire, England in mid-August. The Duchess shopped Valentino, London Temperley, Jimmy Choo and other stores, according to a People magazine reporter. Midway between London and Birmingham, Bicester Village opened in 1995 and is operated by... more >>


Site fight comes to Tulsa

Two developers are competing to be first to market with an outlet center in Tulsa, Okla. Horizon Group Properties and Collett & Associates plan to develop a center east of the city at Interstates 44 and 244. The JV expects to model Outlet Shoppes at Tulsa after Horizon's 348,000-sf Oklahoma City project that opened in 2011. Tulsa officials said Simon, meanwhile, has proposed a center as... more >>


Brand groupings affect shopper spends

Clustering outlet brands according to their core demographic strengths is one way for center management to boost sales, according to an August Partners/VRN consumer study. The research shows that co-tenancies among key retail brands can enhance fashion purchases. For example, such chains as Chico's, Coldwater Creek, DKNY, Ann Taylor and White House Black Market attract a consumer... 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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Michael Belli
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Amie S. Leibovitz
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Terri Kelly
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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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