Value Retail News: November, 2014

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Value Retail News

November 2014


Global State of the Industry
Outlet centers are in a global boom, with widely varying regional differences: updates from Asia, Europe, the Middle East, North and South America.

Brazil's outlet growth
Starting with one center in 2009, Brazil will end 2014 with eight centers totaling 2.7 million sf and a pipeline with six planned centers.

Neinver's credo: listen and foresee
Europe's 2nd largest outlet developer shares its philosophy in its first media interview, exclusive to VRN.

Europe looks east
SWith some countries facing saturation and slowed economies, developers look for new outlet markets.

Understanding China
Developers in China often change partners while chasing abundant outlet center opportunity.


Mills makeover
Goodbye Franklin Mills, hello Philadelphia Mills: The 25-year-old value megamall is getting a complete makeover with a grand opening slated for fall 2015.

October openings
Three outlet projects opened in October, bringing the 2014 tally of new centers to 11.

Holiday forecasts
90 percent of sales are made in stores, but as incomes shrink and mobile use grows, four factors could sway ecommerce sales during the holidays.


News Up Front
Washington Prime Group to acquire Glimcher portfolio; end of an era? VF sells its flagship building; tenants announced for Macerich's Niagara expansion; Louisiana Boardwalk owner acquires Tulare center; Simon gets the go-ahead on Florida project; Simon joins Springfield, Ill., outlet project; Tulsa attracts more outlet suitors; Simon expands Las Vegas Premium Outlets North.

Development Briefs
Paragon moves forward with Houston; Howard Hughes get the green light in Sacramento; Grand River hires Avison Young for leasing and marketing; Rack and Off 5th head to Lower Manhattan.