VRN - August 2015
Betting on Outlets
VRN's exclusive research and two outlet openings with a gambling connection headline the August issue
Outlet's Winning Streak
VRN's exclusive research in the 2015 State of the Outlet Industry report shows substantial increases in the industry's sales and growth since 2013.
A Royal Flush at Foxwoods
Tanger Factory Outlet Centers is playing a hot hand this year with four outlet projects opening, including the 350,000-sf Tanger Outlets Foxwoods.
Simon's Vegas Raise
Simon already had beaten the odds with Las Vegas Premium Outlets, so the developer decided to make the center even better with a 150,000-sf expansion.
Reinventing the store: Bloomie's CEO urges retailers to find unique merchandise and new technologies that will build customer loyalty; Express jumps for joy over the performance of its neophyte outlet chain; Abercrombie & Fitch struggles everywhere - except in outlets; Li & Fung will create home-grown Asian brands for up to 300 new stores in China; a California consumer law snags Michael Kors' MFOs, forcing a $4.8 million settlement.
Retailers are cautious on payment options; social media and millennials: a marketer's dilemma; are you delivering on your brand promise; Consumer spending is kinda sorta OK; School's out - time to start planning for back-to-school; a lot of people shop online weekly; What's great retail? Depends on which expert you ask; millenials have captured all the attention, but boomers have all the bucks.
News Up Front
Brown Show changes its name to Caleres; Gordon Group plans two casino-based centers; Activity in Houston: Outlets at Conroe will undergo total redevelopment and Paragon gets the green light for its Houston project; Simon plans a 411,000-sf expansion of The Mills at Jersey Gardens; Tanger considers adding 120,000 sf to its project in Lancaster, Pa.
Chicago Premium Outlets expansion tenants named; Louisiana Boardwalk celebrates 10 years; Assembly Row adds community programs; Taubman St. Louis hosts Euro Auto Show; Myrtle Beach centers donate to schools via TangerKIDS Grants; Christopher & Banks opens with a shopping spree at Miromar Outlets; and much more leasing news.
Samantha Alexander joins Strategy + Style; Linda Alexander joins Craig Realty's leasing department; Stacey Nance named GM at Tampa Premium Outlets.