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Tanger Outlets Foxwoods opens

Tanger Factory Outlet Centers opened the 314,079-sf Tanger Outlets Foxwoods in Mashantucket, Conn., on May 21. The center is an enclosed, two-story design that bridges two hotels and provides direct access to the Foxwoods Resort Casino between Interstates 95 and 395 about 10 miles east of Norwich. Tanger and its JV partners, Gordon Group and the Mashantucket Pequot Tribal Nation, invested... more >>


“We remain incredibly positive about our Factory business. That fleet is healthy and generates a double-digit, four-wall profit in all of the stores.” - Simon Nankervis, EVP global commercial operations, American Eagle Outfitters more >>

By the numbers

Tenants at the $115 million, 314,079-sf Tanger Outlets Foxwoods will draw from patrons of the 5 million-sf resort’s six casinos, 2,500 hotel rooms, 6,300 slot machines and 380 gaming tables. - May 2015 VRN more >>

Simon opens Las Vegas North PO expansion

With a ringing endorsement and proclamation by mayor Carolyn Goodman and toasts by cheerful retailers, Simon celebrated the opening of its 150,000-sf phase 3 expansion of Las Vegas North Premium Outlets on May 19, at the height of RECon. “Today’s expansion takes an already fabulous property to even greater heights,” said Stephen Yalof, CEO of Simon Premium Outlets. First opened in... more >>

Outlet center news and views from RECon 2015

More than 36,000 retailer, developer, financier and broker attendees networked, talked leases and made deals at RECon 2015 in Las Vegas, May 18-20. Action on and off the aisles included some impact for outlet-center owners, operators and tenants. Among the insights and indications: • Empire Outlets hosted men’s style guru Nick Wooster at its shared booth with EB Development, attracting... more >>

ICSC elects board; CBL’s Lebovitz is new chairman

The ICSC board of trustees has elected Stephen D. Lebovitz ICSC chairman for the 2015-2016 term. Lebovitz, who assumed his duties on May 18 at RECon, is president and CEO of CBL & Associates Properties. He will guide the other new officers of the executive board: ICSC vice chairman Elizabeth I. Holland, CEO, Abbell Associates; ICSC past chairman Robert F. Welanetz, CRX, CSM, global... more >>

Ascena to acquire Ann Inc.

Ascena Retail Group, owner of Cacique, Dressbarn, Francesca’s, Justice, Lane Bryant and Maurices, will acquire Ann Inc. for $2 billion in a transaction expected to close during the second half of 2015. Adding the 1,030 AnnTaylor, AnnTaylor Factory, Loft, Loft Outlet and Lou & Grey stores will bring Ascena’s total North American store count to 4,900. Annual sales of the combined brands... more >>

Simon Mills plans major Jersey Gardens expansion

Simon will submit plans to city officials for an expansion of The Mills at Jersey Gardens in Elizabeth, N.J., seeking to add 411,000 sf to today’s 1.3 million-sf footprint. The developer, which acquired the center in January from WP Glimcher, is looking to break ground on the expansion in 2016 and open in 2018. Mills division president Gregg Goodman told local media, “We are able to... more >>

MCG wins approval for project NW of Paris

McArthurGlen found that the third time’s the charm, in this case finally gaining approval after its third hearing in front of a departmental commission for the 172,000-sf Designer Outlet Normandie in Vernon, France. The developer’s winning proposal includes €5 million in amenities, such as space for local artisans and an exhibition area for the region’s agricultural products. MCG has... 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 >>

VRN Twitter alerts surpass 20,000 reads monthly

VRN tweets make more than 20,000 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: the site and discover why companies including CBL Properties, Cherokee Nation, Empire Outlets NYC,... more >>

Outlet Agenda

VRN Fall Outlet Convention Tuesday-Wednesday, September 29-30, 2015 Meadowlands Exposition Center, Secaucus, NJ The outlet industry’s most important convention of the year and the largest gathering of outlet professionals in the world. As outlet retailing takes center stage in retail development and leads North American retail real estate again in 2015, this year’s program is teeming... more >>


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