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GLOBAL OUTLET BRIEF
August 6, 2015 FORWARD | ADVERTISE

Tanger opens year’s third center, in Grand Rapids

Shoppers were camped out by 10:30 p.m. Thursday night at Tanger Outlets Grand Rapids (Mich.), determined to grab their share of the 10:00 a.m. Friday morning giveaways by retailers H&M and Columbia Sportswear. The July 31 ribbon cutting marked the third phase 1 opening this year for Tanger Factory Outlet Centers and president and CEO Steven B. Tanger was caught up in the excitement,... more >>



Urban Edge pegs late 2016 for Montehiedra outlets

Urban Edge has targeted yearend 2016 for its transition of a San Juan, P.R., shopping center to an outlet hybrid. In its Q2 earnings release UE said, "The conversion of Montehiedra Town Center, a 542,000 square-foot mall in Puerto Rico, into an outlet-focused retail mall is on schedule for completion in late 2016." Urban Edge, the retail real estate spinoff of Vornado, also noted that... more >>

Latest Neiman Marcus fantasy gift: $100M IPO

Neiman Marcus Group, which operates 33 Last Call and Last Call Studio stores in U.S. outlet centers and value or outlet megamalls, has filed a registration with the Securities and Exchange Commission for a proposed initial public offering. The retailer posted 2014 sales of $4.8 billion, derived from its department stores, the Bergdorf Goodman flagships and its Last Call chain. The IPO... more >>



Wall Street enamoured of activewear brands

Second-quarter financial results have been a mix for luxury retailers, but in stark contrast, athletic brands as a group are enjoying sustained stock market gains. A quick comparison of four designer labels and four activewear brands – all eight operate outlet chains with a total of 1,132 stores – shows the unmistakable difference. High-end brands are muddling: Coach is stuck near its... more >>



Gloucester Quays hits 5-million shopper mark

Gloucester Quays Outlet Centre in Gloucestershire, UK, attained 5 million shopper visits over the past 12 months – an amazing 70-percent increase in traffic over the prior year. Owner Peel Outlets noted that food and beverage sales grew by 75 percent in the period, and the center is still adding dining options to fuel the trend. Bill's Restaurant opened in June, joining Chimichanga,... more >>



Craig Realty appoints San Clemente team

Craig Realty Group has named Susan Jennrich General Manager of Outlets at San Clemente (Calif.), which will open in November. Jennrich was previously GM at CRG’s Citadel Outlets in Commerce, Calif., near Los Angeles. Craig recruited Nicky See to Marketing Director. See was formerly marketing communications manager at The Grand Del Mar, San Diego’s first five-star luxury resort, and... more >>



New England Development promotes Fischer

New England Development has promoted James A. Fischer, CDP, to SVP-Planning, Design & Construction from VP of that position. He works extensively with the leasing, development and operations departments on existing and future properties and redevelopment projects. Prior to joining NED in 2005, Fischer worked as a project manager at Massachusetts real estate firm Packard Development and... more >>



Overheard

"We believe that our ability to drive rents higher is a function of retailer demand for outlet space and our leases being at below-market rents on average...we have been successful in raising rents while maintaining a very profitable distribution channel for our tenant partners." – Steven B. Tanger, president and CEO, Tanger Factory Outlet Centers more >>



By the numbers

Brown Shoe was founded in 1878, debuted its Buster Brown mascot in 1904, opened its first factory stores in 1960 and currently operates about 200 stores in outlet centers under the Factory Brand Shoes, Famous Footwear and Dr. Scholl's banners. On May 28, 2015 the company, with sales of $2.58 billion, changed its name to Caleres, rooted in the Latin word for "passionate." - August 2015... more >>


VRN outlet tweets read by thousands

Outlet center developers and managers, retailers and brands, real estate leasing advisors and brokers are reading and reacting to VRN tweets – more than 20,000 impressions monthly. Readers including CBL Properties, Cherokee Nation, Empire Outlets NYC, Federal Realty Investment Trust, Howard Hughes, Kimco, Lowry Outlet, New England Development, Outlets at Little Rock, Outlets of Brazil,... more >>


Outlet Agenda

ICSC New York National Conference Monday-Tuesday, December 7-8, 2015 Jacob K. Javits Convention Center, NYC This two-day event has become the cold-weather complement to RECon. More than 9,500 attended the 2014 edition. Deal making. Networking. How-to panels, research results, action plans and much more. Outlet industry colleagues form a key cohort of this vital and growing retail real... 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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