Value Retail News: December, 2014

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Value Retail News

December 2014


Best of the Best
Eight brands came up big as winners of the 11th Annual ORCAs: ASICS, Michael Kors, Nike, Puma, Skechers, Tommy Hilfiger, Tory Burch and White House | Black Market.


Tanger Outlets Ottawa opens
Topping off its fourth year, the Tanger- RioCan REIT joint venture opens its first phase 1 project.

Bonjour, Quebec!
Simon, Calloway and SmartCentres open their second outlet center in Canada, Premium Outlets Montreal.

Outlets at the Border opens
Shamrock Group marks the opening of San Diego Outlets at the Border with lots of give aways.

Vaughan Mills expansion
Ivanhoé Cambridge bets big on its value megamall in Toronto, adding 200,000 sf and key sports brands.

Planned centers chart
49 phase 1 outlet projects totaling more than 17 million sf are planned to open in the next two years.

Outlets and Shoppers
Exclusive research by VRN and August Partners quantifies the trend: Outlet centers continue to gain favor among Americans shopping for a premier fashion-value retail offering.

Outlet Construction costs
Outlet center developers are sharpening their pencils as the recovering economy opens up construction nationwide.

Outlet Outlook
Marie Driscoll reports:
Vera Bradley plans outlet-chain expansion; Neiman Marcus cool on Last Call stores, counts on Studio; Nike reports stellar growth: DTC up 30 percent; Farah brings biz strategy to Tory Burch; three holiday forecasters expect sales growth of 4 percent or higher; outlets, fast fashion and other observations; VF Corp. targets $3.1 billion for Timberland.

MCG’s digital strategy
McArthurGlen plans a multi-platform digital strategy for shoppers - and tenants - at Designer Outlet Vancouver Airport, scheduled to open in early 2015.

VRN Fall Convention recap
Deals, information, get-togethers: The 2014 VRN Fall Outlet Leasing & Marketing Convention reflected a vibrant, growing industry. DOC&R Scholarship award; Ascena’s David Jaffe on keeping consumer value paramount; omnichannel panel; ICSC’s Kercheval on state of the outlet industry; panel discussion on the Great American Shopper.