Value Retail News: October, 2012

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Value Retail News

October 2012


Grand Prairie opens
Merchants in Paragon Outlet Partners’ fully-leased, $100 million outlet center in Texas, anchored by Bloomingdale’s The Outlet Store and Saks Fifth Avenue Off 5th, hardly had time to catch their breath during the four-day opening.


2012 Outlet Retail Chain Awards
The 2012 ORCAs, presented during the VRN outlet convention in Secaucus, Sept. 10-11, drew the largest audience since their inception. The “Best” chains this year included Coach Factory Store (visual merchandising), Levi’s Outlet (value equation), Michael Kors (customer service), New York & Company (new outlet chain), Tommy Hilfiger (marketing program) and Under Armour (overall excellence).

2012 Hall of Fame
Five years ago the industry trade group Developers of Outlet Centers & Retailers created the Outlet Hall of Fame to honor the executives who have played - and in some cases still play - an important role in the industry’s success. This year’s class of inductees includes four industry pioneers: Steve Craig, Betty Ende, Brad Evans and Elise Jaffe.

A visit to Long Island
VRN financial columnist Marie Driscoll decided to visit one regional mall and two Tanger outlet centers on Long Island to check on back-to-school inventory and consumer shopping habits. Read about her experiences at Roosevelt Field Mall, Tanger Outlets at the Arches and Tanger Outlets Riverhead to find out what she liked - and what she bought.


UP Front
Vanderbilt Equities Corp., which opened Manchester Designer Outlets in 1985, is planning an expansion of the 27-year-old Vermont center; Simon Property Group and Taubman Centers are at it again in St. Louis - this time Taubman has rolled back its opening date to beat Simon’s; Poag Lifestyle Centers and the Simkin Group submitted plans to develop the Outlet Shops of the Mid-South in the Memphis suburb of Southhaven, Miss. Construction has begun on the $100 million, 146,000-sf expansion of Desert Hills Premium Outlets in Cabazon, Calif.

Development Briefs
Outlets at Vicksburg get a re-do; Puma lands in Kittery; Day Spa opens at Viejas; Cheesecake Factory joins Dolphin Mall; Destiny add Quiksilver, Ecko and more; Was Group signs Justice, Book Warehouse and Motherhood Maternity; Mills’ outlet megamalls signs a truckload of tenants, including Penguin at Sawgrass; AWE Talisman busy with three existing centers plus its planned center in Chicago; summer leasing for Tanger wildly busy; Premium Outlets gain more than 50 new tenants in September; Viejas Outlets gets a new marketing director.