Value Retail News: April, 2011

Home > Value Retail News

Value Retail News

April 2011


Outlets and Boomers
When baby boomers refused to become old fogies, the jobs of marketing and merchandising outlet centers got a lot easier – in fact, boomers want to be treated like every other age group.


Up Front
The site for the first Tanger Outlet Center in Canada will be in the Toronto market, in Halton Hills; a planned outlet project got a big boost with the approval of an off-ramp on the northbound Tri-State (I-294) in Rosemont, Ill.; Gap is merging the “operations” of its outlet division; Taubman Centers plans to ramp up outletcenter development with a new JV.

Retail Briefs
In discussing their earnings with analysts, three brands discuss expanding their outlet chains this year: Coach plans to open at least three more Coach Men’s stores; Under Armour will add 25 new Factory Houses; Macy’s will open three more Bloomingdale’s Outlets.

Project Updates
Tanger Factory Outlets was putting the finishing touches on Hilton Head 1 at VRN press time; by early March Horizon Group Properties had 65 tenants signed up for its project in Oklahoma City that opens in August.

A survey shows that for Internet shoppers, price matters more than quality; e-retailers are still trying to figure out what shoppers want; surprise, surprise, email outperforms bulk mailings and social media sites; rising apparel costs should give another boost to outlet shopping.

Development Briefs
Nordstrom plans to add 17 Racks this year; Gator sculptures on permanent display at Sawgrass Mills; Outlets at Anthem holds a model search; Tony Grossi will head up the Tanger-RioCan JV, plus loads of leasing activity in outlet centers across the country.