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GLOBAL OUTLET BRIEF
February 20, 2015 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 >>

Tanger trimming portfolio by “asset recycling”

Tanger Factory Outlet Centers said in its Q4 2014 earnings report that it was doing some "asset recycling" to improve its portfolio. Tanger has agreed to sell up to five outlet centers to one buyer and sold the first of those, in Lincoln City, Ore., for $39.5 million on Dec. 13, 2014 to Chicago-based Singerman Real Estate, a private investor group. Singerman is conducting due diligence... 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 >>


Simon redubs Livermore as San Francisco Premium Outlets

Simon has rebranded its Livermore, Calif., outlet center as San Francisco Premium Outlets as it prepares for the Aug. 13, 2015 opening of an 185,000-sf expansion. Livermore opened in 2012 in this city of 85,000 on the eastern outskirts of the Bay Area; it is roughly equidistant from San Francisco and San Jose. The center, currently at 512,000 sf, has 130 outlet tenants including Armani,... more >>


VRN Twitter alerts surpass 15,000 reads monthly

Tune into the latest in outlet center development news and analysis via @ValueRetailNews. More than 440 current followers receive news-alert tweets several times weekly from VRN via our Twitter site: twitter.com/ValueRetailNews VRN tweets make more than 15,000 impressions each month. Visit the site and discover why companies including Cherokee Nation, Empire Outlets NYC, Howard Hughes,... more >>


Arizona Mills to add Legoland Discovery in spring 2016

Merlin Entertainments will begin construction in June 2015 on a 60,000-sf Legoland Discovery Center at Arizona Mills in Tempe. The $12 million project will adjoin Merlin's 26,000-sf Sea Life Arizona aquarium attraction, which opened in May 2010. Gregg Goodman, president of the Mills, said the combination will help provide a "family entertainment district" at the 1.24 million-sf value... more >>


10,000 subscribers and growing: Global Outlet NewsBrief

If you like reading Global Outlet NewsBrief and know someone who'd like to receive it regularly, click the "FORWARD" button to have a copy emailed to him or her. They'll find it easy to subscribe or to opt out at any time. Every two weeks the editors of VRN and IOJ provide up-to-the-minute news and follow-up analysis on: outlet industry pipeline updates, outlet chain activity, outlet... more >>


NRF: holiday sales grew 4 percent, beat 10-year average

The National Retail Federation reported 2014 holiday retail sales increased 4.0 percent to $616.1 billion, falling narrowly short of the NRF prediction of a 4.1 percent increase. The ICSC had predicted an increase of exactly 4.0 percent. The NRF noted that the seasonal upswing was well above the 2.9 percent average yearly increase in holiday period sales it has monitored over the past... 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 >>


ICSC PE Scorecard helps members improve NOI

Outlet developers can monitor, measure and compare their shopping center properties' sustainability with other similar properties by using the ICSC Property Efficiency Scorecard. The software tool – confidential, secure and comparing unnamed properties – allows assessment of property level and portfolio level performance for energy, water and recycling. The Scorecard is now tracking... more >>


Social media success timetable revealed

Online marketing guru Neil Patel posted a set of social media timing tips at contently.com: 1 p.m. is tops for sharing, 3 p.m. for clickingWeekends and Wednesdays rule for engagements and clickthroughsFacebook engagement peaks Thursday-FridayTwitter scores best at noon and again at 6pmPinterest prime fashion/retail time: 3pm on FridayFor further details see the March 2015 VRN. more >>


VIA Outlets fund buys sixth center: Landquart

VIA Outlets, an investment fund led by UK-based Hammerson Group, has acquired the 228,300-sf Designer Outlet Landquart. As of today's deadline VRN was unable to determine the identity of the seller. The center is in the eastern Swiss canton of Graubünden, a resort hotspot drawing 14 million tourists year round, and especially renowned for the ski resorts of Davos and St. Moritz. The... 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
Business Development
Manager
sstephenson@icsc.org
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Michael Belli
Business Development
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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

Terri Kelly
Business Development
Manager
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+1 781 709 2412

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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