Value Retail News: December, 2012

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Value Retail News

December 2012


Make way for the outlet pipeline
The latest list of planned outlet centers includes 58 projects totaling more than 20 million sf, all with hopes of opening by 2015. And 18 of those projects have jumped on the list in the last six months.


Canada Update
Tanger Factory Outlet Centers/RioCan Real Estate pick up two Canadian outlet centers; McArthurGlen finds a new site for its Vancouver project.

ICSC World Summit
In September, ICSC hosted the World Retail Real Estate Summit in Shanghai, where 30 industry leaders discussed five key drivers of global retailing.

Tanger/Simon center opens
Opening weekend traffic back-ups proved the Galveston market was eager for one well-tenanted outlet center – Tanger Outlets Texas City.

Outlet Outlook, Channel Check
Marie Driscoll did a channel check of Woodbury Common and found that designer goods at bargain prices really drive the sector. She also checks in with Simon, Tanger, Fifth & Pacific, Coach and Jones.

VF's new direction
Outlet pioneer and apparel giant VF revamps and refreshes its message and stores to enhance its brands, quality, value pricing.

Levi's focus
The iconic brand sees denim at the heart of everything, but never forgets value and the shopping experience.

Specialty tenants
Outlet developers have figured out how to put common areas to work to generate rent dollars and complement tenancy.

Brazilians love outlets
Brazilians have a hot reputation for seduction, but in the U.S., outlets tantalize these South American shoppers.


News Up Front
Three outlet centers prepare for their grand openings just as VRN goes to press; Signet Jewelers acquires Ultra Stores; phase 2 of Outlet Shoppes at Oklahoma City opens; Hurricane Sandy interrupts business at more than a dozen outlet centers.