Value Retail News: October, 2009

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2009 ORCA Winners named
More than 50 companies are nominated in seven categories for the 2009 Outlet Retail Chain Awards. The winners were honored at the Fall Outlet Retail Convention held in September in New Brunswick, N.J.


Red Hot in Cincinnati
Chelsea Property Group opens its 51st outlet center, a 400,000-sf race-track design in the Cincinnati market; more than 600,000 live within 10 miles of the new center.

Sidewalk Sale Savvy
The long-time tradition of holding sidewalk sales - even in outlet centers - remains a viable way to excite shoppers with bargains on top of bargains, especially in today’s economy.

Consumer Snapshots
Consumers are still struggling with their urge to shop; adults like newspaper ads; the recession saves reptiles; consumers are using debit cards instead of credit cards; e-retailing is taking another hit, and more.


Up Front
Melvin Simon, founder of Simon Property Group, dies; Stanley K. Tanger retires and Jack Africk becomes the non-executive chairman of the board; Craig Realty buys itself a new home in Newport Beach; Samsonite Retail files Chapter 11.