Value Retail News: March, 2015

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Value Retail News

March 2015


Mills looks to Outlets
Simon’s megamall unit taps the shopper pleasing power of outlets to upgrade its Mills properties.


2015 looks robust for outlets
The outlet pipeline shows 11 phase 1 openings on tap for North America in 2015.

Planned phase 1 projects
From Alaska to Hawaii, from Alberta to Puerto Rico, 51 planned phase 1 outlet projects adding up to more than 19 million sf are in the pipeline through 2017.

Outlet center expansions
Thirteen U.S. outlet centers will expand by a total of nearly 1.4 million sf this year - that’s an average of 106,000 sf per expansion.

Can outlets save the day?
It’s no secret that outlet chains sometimes tenant non-outlet centers, and when enough of them do so, the result is a conversion, hybrid, the list goes on.

What opened in 2014?
Between expansions and phase 1 openings, the outlet industry gained more than 4.5 million sf of GLA last year

2014 center expansions
North American expansions in 2014 added 721,200 sf across 10 outlet centers - from Horizon’s 18,200-sf addition to Outlet Shoppes at Oklahoma City to the major 175,000-sf expansion of Fashion Outlets of Niagara Falls USA by Macerich.

Express speeds into outlets
Off to a fast start with its newly launched outlet division, the 35-year-old retailer finds a new way to compete and stay fresh.

Bring on the bloggers
To help attract more than one type of shopper, Outlet Shops of Grand River has put a few bloggers to work.

Brightening up outlets
Advances in lighting have enabled landlords to illuminate their centers, please tenants, become more sustainable, save money and make a lot more sales.

Channel Check: St. Louis
Visiting St. Louis Premium Outlets a week before Christmas was a warm and cheery experience for our channel checker.

Research: Who’s the best outlet shopper?
August Partners/VRN exclusive research on consumer shopping patterns reveals who marketers should target as their best outlet shoppers (demographics don’t tell everything).


Development Briefs
Miromar Outlets plays Santa for 383 Florida kids; new hotels going up in Manchester, Vt.; Sue Hunt back at Vero Beach Outlets; leasing activity.