VRN - May 2015
The Yalof Effect: Retail, Real Estate and Rock ‘n’ Roll
Simon Premium Outlets’ energetic CEO shares his guiding principles on taking outlet retailing into the future.Did local retailers' early openings on Turkey Day gobble up holiday sales at outlet centers? Not so much.
Outlet saturation: Fact or fiction?
Reports of the outlet industry’s impending saturation appear to be wildly exaggerated, even in the U.S.
Outlet expansion pipeline
Nineteen outlet expansions are planned in North America through 2016.
Planned phase 1 chart
No fewer than 48 phase 1 centers – comprising nearly 18 million sf – are planned through 2017.
Briefings on projects new to the pipeline
Newest of the new: Nine planned projects jumped into VRN’s phase 1 outlet pipeline in the last six months.
Outlets pep up teen retailers: Express Factory Outlets; Abercrombie & Fitch Outlets; American Eagle Outfitters.
Simon Venture Group and Decoded Fashion forge a competition for finding retail technology startup companies.
Center opening: Florentia Village Shanghai
RDM and partners open their second designer outlet center in China, wooing brand-driven Chinese consumers.
Outlets driving REITs
VRN listens in on calls with Simon, Tanger, Macerich, Howard Hughes, Federal Realty, CBL & Associates, Calloway and RioCan.
Guest Column: Lawsuits put focus on leases
Landlords and tenants have a shared interest in explicitly recognizing the essential value – and definition – of made-for-outlet merchandise.
When retailers convert their full-price mall stores into outlets, industry pundits are quick to see a trend that might not exist.
Invasion of the full-pricers
VRN/August Partners research shows that full-price retailers will certainly continue to tenant outlet centers as they follow the money spent by the industry’s most frequent shoppers.
Why mobile wallets matter
Neiman Group launches mobile wallets – the parent of Last Call is one of the first retailers to launch an app for store purchasing. Will others follow?