Horizon starts site work for E. Hartford outlets

Horizon Group Properties began construction activity Dec. 3 for its 440,000-sf Outlet Shoppes at Rentschler Field in East Hartford, Conn. Site preparation work is underway and Horizon will schedule an official groundbreaking soon. The developer has set May 2017 for the opening of the 348,432-sf phase 1. The site is adjacent to the UConn Huskies' Rentschler Field Stadium, near the junction of... more >>

Tanger buys land, starts construction on Daytona outlets

Tanger Factory Outlet Centers acquired the 39-acre parcel for its Tanger Outlets Daytona Beach project for $9.7 million in mid-November and commenced construction immediately. Tanger plans to open the 380,000-sf center this fall on the site along Interstate 95 just south of LPGA Blvd. and less than two miles from Daytona International Speedway and the city's international airport. The... more >>

American Eagle acquires Tailgate and Todd Snyder

American Eagle Outfitters in November acquired Tailgate Clothing Co., including its Tailgate brand and the Todd Snyder New York menswear label, for a total of $11 million in cash and stock. With the acquisition, two top Tailgate execs joined AEO: Founder and creative director Snyder was named EVP, reporting to Chad Kessler, global brand president of AEO, while president and CEO Jimmy... more >>

Genesco to buy Little Burgundy

Footwear, headwear and fashion accessories retailer Genesco plans to acquire Little Burgundy, a 37-store Canadian footwear chain, from Aldo Group. The companies did not announce terms of the transaction. Genesco will retain the Montreal headquarters and much of the personnel of Little Burgundy. Margaret Thouez, head of the chain, will continue in that role as SVP-general merchandise... more >>

Empire Outlets to feature artisanal food market

Developer BFC Partners has contracted with the management of Manhattan's Gansevoort Market to operate a food market in the 350,000-sf Empire Outlets on Staten Island, which has a targeted opening in 2017. The Marketplace at Empire Outlets, to be branded MRKTPL, will feature up to 30 vendors in a 12,000-sf space on the second floor of the mixed-use project. It will open onto a 3,000-sf... more >>

Le Creuset sweetens Outlets of Mississippi event

French cookware brand and outlet retailer Le Creuset co-sponsored the Dessert & Deals event to kick off Black Friday at Outlets of Mississippi in Pearl. Beginning at 5 p.m. on Thanksgiving, the outlet center’s first 200 shoppers were treated to complimentary pies, cakes, cookies and cider along with a Le Creuset bounce-back store coupon and the chance to win a total of $1,000 in Outlets... more >>

London Designer Outlet biggest Wembley draw

London Designer Outlet at Wembley Park in London, a Quintain property managed by Realm, has seen more than 6.5 million visitors in 2015, a 24 percent gain over 2014. The volume of foot traffic is now greater than the combined draw of sporting events at Wembley Arena and Wembley Stadium, making LDO the largest attraction in the area. The 350,000-sf center converted the traffic into a 25... more >>

Rioja outlet project approved in Cannock, UK

The joint venture of Rioja Developments and U+I won district council planning committee approval on Dec. 5 for their £110 million Mill Green Designer Village project in Cannock Chase, Staffordshire, England. Phase 1, with a planned opening in 2018, would have 80 stores, with another 48 stores and a multi-story car garage to be added in phase 2. The ultimate buildout would encompass... more >>

Overheard

"Lenders are starting to understand the outlet industry and its viability, but they don't get the brands' concept. They just see the industry has a growth vehicle." – Gary Skoien, Horizon's grand parlay, December 2015 VRN. more >>

By the numbers

Scheduled to open in 2016 are nine phase 1 outlet centers in eight states, for a total new GLA of 3,467,353 sf. Five developers are involved, several in JVs. The earliest opening will be June 16, planned for Tanger Outlets Columbus (Ohio), a JV with Simon. – Outlet development still steaming hot, December 2015 VRN. more >>

VRN Spring Outlet Retail Deal Making

Thursday-Friday, February 11-12, 2016 Loews Pacific Resort Orlando, Fla. Earlier this year! VRN Spring Outlet Retail Deal Making will return to Loews Pacific Resort Orlando, Fla., Thursday-Friday, February 11-12, 2016. The outlet center industry's must-attend spring event. Register now and save: click here. more >>

ICSC European Outlet Conference

Tuesday, March 22, 2016 Business Design Centre London Brands, retailers, landlords and developers come together for this one-of-a-kind event: Representing Europe's more than 150 outlet centers operating from Ireland to Dubai and from Portugal to Russia. Dozens of new projects and expansions. Ownership changes and new joint ventures. Save the Date: Tuesday, March 22, 2016 at the Business... more >>

ICSC Retail Connections 2016

Wednesday, March 23, 2016 Business Design Centre London Only in Europe, a must for global retail real estate professionals: Retailers and developers meet in the biggest and best pure deal making event for shopping center leasing. Save the Date: Wednesday, March 23, 2016 at the Business Design Centre, London. Full details coming soon click here. 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 liked, favorited and retweeted by an amazing range of companies including: Asheville Outlets, CBL Properties, Cherokee Nation, Chicago Premium Outlets, le Conseil National (France) des Centres Commerciaux, Dalton Park Outlet, Empire... 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 >>

Editorial

Duke Ratliff
Managing Editor
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+1 646 728 3570

Natasha Reed
Editorial/Production Assistant
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+1 646 728 3558

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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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