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GLOBAL OUTLET BRIEF
March 6, 2015 FORWARD | ADVERTISE

Chico’s FAS slows growth, trims staff

Chico's FAS in its Q4 and FY 2014 financial reporting announced it will cut its personnel by 240 positions, or by 12 percent, will close 120 stores in the 2015-2017 period and trim its 2015 capital investment by 29 percent from the three-year average. However, the retailer, which operates the Chico's, Boston Proper, Soma Intimates and White House|Black Market chains, will still have a 2015... more >>


VRN Twitter alerts surpass 18,000 reads monthly

VRN tweets make more than 18,000 impressions each month. Tune into the latest in outlet center development news and analysis via @ValueRetailNews. More than 600 current followers receive news-alert tweets several times weekly from VRN via our Twitter site: twitter.com/ValueRetailNews.Visit the site and discover why companies including Cherokee Nation, Empire Outlets NYC, Howard Hughes,... more >>

Atapco ends purchase bid for original VF Outlet

Atapco Properties will not follow through on its plan to acquire the VF Outlet Center in Reading, Pa., which it had announced in September 2014. The 51-acre property is owned by Greensboro, N.C.-based VF Corp. Patrick Coggins, VP development, Atapco, told VRN, "We terminated our contract." The decision was made at the end of the due diligence period. Neither company revealed the... 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 >>


Superdry to open outlet at Clarks Village

British youth apparel brand Superdry will open a 5,000-sf outlet store in June at Clarks Village in Street, Somerset, England. Realm manages the 185,000-sf center, which opened in 1993 and is owned by Hermes/LaSalle. Other tenants at Clarks Village include Barbour, Calvin Klein, Clarks, Joules, Levi's, M&S, Next, Osprey, Phase Eight, Radley, Weird Fish and Whistles.Superdry operates... 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 >>


Home brand Julian Charles opens at Royal Quays outlet

UK soft home brand Julian Charles has opened at Royal Quays Outlet Centre in Newcastle, England. The designer-manufacturer started in 1947 with a line of readymade curtains and now offers a full range of home decor. Julian Charles and its parent Rectella Ltd. operate outlet stores in several centers, including Junction One in Antrim, N. Ireland, and Gretna Gateway Outlet Village in... more >>


Zell joins Simon as SVP marketing

Simon named Krystal Zell SVP marketing, a newly created role with oversight of the field marketing organizations for the Malls, Mills and Premium Outlets. She will also supervise customer service, loyalty and tourism companywide. Previously VP of the Starwood Preferred Guest program at Starwood Hotels & Resorts, Zell has also worked as a Bain & Company consultant with a specialty in... more >>


Viniard to direct marketing for two Mills properties

The Mills has named Rocell Viniard area director of marketing and business development at Arundel Mills and Potomac Mills. She will team up with Gene Condon, Arundel GM, and Sam Hosn, Potomac GM to drive tourism, strategic marketing and retail business initiatives. With more than 20 years of retail and real estate marketing experience, Viniard most recently was regional marketing... more >>


Italian-style outlet center opens in Shanghai

Silk Road Holdings and RDM Asia held the grand opening for Florentia Village–Shanghai Luxury Designer Outlet on Jan. 22. The center, with GLA of 538,200 sf, has more than 200 tenants. RDM, the development unit of Italy-based Fingen Group, handles operations, management and leasing. RDM pegged the investment in the Shanghai center at $250 million. The partners have tapped three... 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 >>


Craig Realty JV buys Tanger’s Wisconsin Dells outlet center

Tanger Factory Outlet Centers has sold its 50-percent share in Tanger Outlets Wisconsin Dells in Lake Delton, Wis., to a partnership comprising Craig Realty Group, Fortress Investment Group and the local Waterman real estate development family, according to local sources. The sale, for an undisclosed amount, closed on Feb. 20. The center has been rebranded Outlets at the Dells.The... 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 >>


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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