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September 3, 2015 FORWARD | ADVERTISE

Simon unveils 250,000-sf Chicago outlets expansion

Simon opened the 250,000-sf expansion of Chicago Premium Outlets in Aurora, Ill., on Aug. 27. The center, which originally opened in May 2004, is now 690,000 sf, the 9th largest outlet center in North America. The developer is also enhancing the original sections. "We're renovating the entire first phase...with new landscaping, play areas, fireplaces, 2,200 more parking spaces and a pond... more >>

Horizon’s Hartford project draws a rival: Simon P.O.

Simon filed zoning change documents with the town of Windsor Locks, Conn., in mid-August for its planned 350,000-sf Hartford Premium Outlets. The developer seeks to break ground in fall 2016 and open by holiday 2017. The site – a 76-acre lot formerly used as a tobacco farm – is on Old Country Road near the junction of Interstate 91 with Route 20, the access highway to Bradley... more >>

Macy’s opens first three off-price Backstage stores

Macy's opened the first three test stores of its Macy's Backstage off-price concept on Sept. 2 in metro New York City. The stores, each about 30,000 sf, are in  a former Loehmann's store in the Sheepshead Bay section of Brooklyn; the Queens Place shopping center in Elmhurst, Queens, and the Melville Mall in Huntington, Long Island. Later this fall Macy's will open three more Backstage... more >>

McArthurGlen and Nike promote youth fitness

McArthurGlen is hosting Nike Sports Days for children ages 7 to 15 at 10 of its Designer Outlets in six countries in a program that will run through Sept. 12. Professional trainers at Nike Factory Stores in the centers are providing a range of free tests and mini-classes in running, street dance and body workout for the kids. Nike Flex trainer footwear is offered for wear during the... more >>

Jadwa will add outlets in Princes Quay conversion

The Saudi Arabian bank that owns Princes Quay Shopping Centre in Hull, Yorkshire, UK, is planning to convert the second floor of the mall to outlet tenancy. Jadwa Investment has recruited real estate research and finance firm Seven Dials Fund Management to provide financial modeling services for the overhaul project. Jadwa has also retained outlet-center management agency Realm to help... more >>

AWENext names five pros for outlet ops and development

Arthur Weiner, The NEXT Guy, has formed a new team at his development company AWENext to concentrate on operating Fashion Outlets of Las Vegas in Primm, Nev., and Fashion Outlets of Santa Fe (N. Mex.), as well as the planned Fashion Outlets of the Caribbean @ Cayey, Puerto Rico, a 450,000-sf project scheduled to open in fall 2017. Ann Ackerman, CMD, joins as VP-NEXTness, Marketing,... more >>

VRN Fall Con: 1 week left to save on registration!

The 2015 VRN Fall Outlet Convention, September 29-30 in Secaucus, N.J., will feature 15 hours of Deal Making with more than 125 retailers and 40 development companies occupying more than 75 stands and meeting rooms. North America, Europe, Asia – these executives will be scouting for business and working out leases for outlet centers worldwide. September 23 is the last day to save big on... more >>


"The outlet retailers have different expectations about how a center is merchandised overall. Where a traditional retailer might look solely at the anchor, the outlet retailer is looking more toward the critical mass of other outlets to decide on being there.” - Al Yebba, Partner, Berenson Associates, September 2015 VRN more >>

By the numbers

Nielsen research: Buying power of multiculturals – African Americans, Asian Americans and Hispanics – increased from $661 billion 1990 to $3.4 trillion in 2014, and the millennial and younger demographics are now more than 50 percent multiculturals. - Consumer Snapshots, September 2015 VRN more >>

Global Outlet NewsBrief: 10,931 subscribers via email

As the outlet center industry sustains its expansion in the U.S. and around the world – adding more than 5 million sf of retail GLA annually – VRN editors provide your every-other-week digest of developments, expansions, staff moves, retailer news, data and analysis. Global Outlet NewsBrief can also be your direct email channel to more than 10,000 fully engaged outlet industry insiders.... more >>

Stay current with @ValueRetailNews on Twitter

Who follows @ValueRetailNews on Twitter? Retailer leasing executives. Outlet center developers. Real estate advisors. Brand strategists. VRN tweets are retweeted by an amazing range of companies 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... 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 >>


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Business Development
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Business Development
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