Value Retail News: May, 2012

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Value Retail News

May 2012


It's a grand new Opry
In one of the most anticipated and joyous grand openings in recent memory, Simon Property Group's Opry Mills resumed doing business in late March after being closed for nearly two years.

What's with all the grand openings?
The outlet sector hasn't seen nine grand openings in one year since the 1990s – why so many this year? Industry execs discuss how tight capital stifled this thriving sector and what the future is likely to hold for outlet development. VRN also updates seven more projects scheduled to open by the end of 2012.


Outlet Outlook: channel check
Talking to retail executives and reading financial reports is one thing, but visiting outlet centers is the real way to see the industry in action. Marie Driscoll spends two days shopping in Orlando. Outlet Outlook also checks in on American Eagle, Ann Taylor, Chico's, J. Crew, Michael Kors and Nike.

BB&B brings outlet sparkle
Venerable jewelry chain Bailey Banks & Biddle has new ownership with a vision that includes a strong outlet presence.

Outlet opportunities just keep on coming
Since March, VRN has learned of at least five additional planned outlet projects with 2013-2014 opening dates. Summaries are provided on those centers.

Planned centers chart
VRN research shows that developers are planning to open more than 40 outlet centers between 2013 and 2014, and that's not counting Canada.

Outlet retailing, Canada-style
Although outlet centers have been operating in Canada for two decades, a handful of new centers could change the landscape. VRN provides updates on seven planned centers totaling 2.9 million sf.

VRN Spring Outlet Convention a beehive
More than 200 attendees, including representatives from 30 developers, were busy with leasing at the VRN Spring 2012 Outlet Deal Making in Orlando.