Value Retail News: August, 2010

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Value Retail News

August 2010


The New Normal
Now that status symbol handbags have given way to status symbol savings, shoppers are converting to “the new normal,” a pattern of consumption where savings has more street cred than spending.


Memorial Day mall crawl
Standard & Poor’s retail analyst Marie Driscoll shopped three venues over the Memorial Day weekend: streets in New York City, an upscale mall in Short Hills, N.J., and Woodbury Common. Guess which one she liked best?

Cross Channel Marketing
Retailers wanting to maximize their profits must learn to extend their brands across a variety of distribution channels.

High earners, even men, clip coupons; luxury sales show a rebound; texting’s tops for teens; mobile marketing caveat - signals go bye-bye.

Tanger symposium
Tanger Factory Outlet Centers recently held a research symposium to share survey results with tenants.

Consumer spending still mixed
A Gallup survey shows that while higherincome consumers went on a spending frenzy in May, they cut back drastically in June.

What? No rain?
They didn’t know what to do - for the first time in years, the annual outlet industry BBQ wasn’t rained out. But execs attending managed to have a good time, anyway.


Up Front
Horizon Group starts site work on the Outlet Shoppes at Oklahoma City; Craig Realty partners with a Hawaiian developer to lease a phase in Kapolei; a Canadian developer wants to open an outlet center in Edmonton; five outlet projects are under construction.

Fall Outlet Convention
Paco Underhill is the keynote speaker at the VRN Fall Outlet Leasing and Marketing Convention. The event moves back to Secaucus, N.J., with an enhanced program Sept. 27-28 at the Crowne Plaza Hotel & Convention Center Secaucus-Meadowlands.