Value Retail News: May, 2014

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Value Retail News

May 2014


The Tanger Touch
Steven B. Tanger has many reasons to be proud of the $4.5 billion company founded by his father Stanley K. Tanger in 1981.


Two outlet developers die
Jim Schlesinger, developer of Fashion Outlets centers, and Arnold Laubich, former CEO of New Plan Real Estate Investment Trust, died in March.

30 largest outlet centers
VRN highlights the outlet industry’s 30 centers that are larger than 500,000 sf.

2014 openings
Eleven planned outlet projects are scheduled to open before the end of 2014.

59 planned centers
Outlet development has been increasingly vibrant: Since December, 11 new projects have been announced and a few others have new names and developers.

23 planned expansions
Twenty-three expansions totaling more than 2.3 million sf are planned to open in the next two years – 100 will open this year.

Canada gains traction
Major outlet developers have entered Canada, and they’re not fooling around getting their centers open – three of the eight planned centers there will open this year.

Countdown to openings
Outlet centers in Niagara and New Orleans were counting down the days to their May grand openings at VRN press time.

Spring VRN recap
VRN’s Spring Outlet Deal Making was a frenzy of activity as more than 300 attendees met to discuss 50 planned projects and look for hardto- find vacancies.

Retail performance, then and now
Comparing share prices and other metrics between 2007 and 2013 at 15 retail companies shows that outlets play a vital role in their continued success.

Sweet scent of success
Perfumania, America’s largest fragrance retailer with 370 stores, says outlets are an important part of its winning, omni-channel formula.

Co-tenancy clause or Gordian knot?
Co-tenancy provisions have become commonplace in outlet-center leases, but they can turn into operational nightmares.

Outlet Outlook
Coach is a star at its first-ever show at New York City Fashion Week; the advent of the metrosexual male has been very, very good for Brooks Brothers; Neiman Marcus moves toward click & collect.

Mindset over money
August Partners mines its data and finds that shoppers who spend the most on fashion don’t always have the highest incomes.

Same day delivery
Retail centers are expanding a service that was once considered posh – same day delivery.