VRN - June 2016
A talk with Steve Tanger
CEO Steven B. Tanger, son of the late Stanley K. Tanger, talked with VRN in May about the outlet sector’s resilience, changes in consumer spending habits and the impact of a strong dollar on sales.
VRN editor retires
After 25 years with Value Retail News, editor in chief Linda Humphers retires.
New JV in Laredo
CBL & Associates Properties has joined Horizon Group Properties for the development of the Outlet Shoppes at Laredo.
Outlet centers have almost always been developed in phases, so it makes sense that the best performers are often the largest centers.
2016: Lucky 7
Six phase 1 outlet centers and one value megamall are set to open in 2016, which is shaping up to be another solid year for outlet development.
Planned vs. Opened
Despite a robust number of outlet openings since 2012, the percentage of planned projects versus delivered centers remains fairly constant.
Center managers talk about today’s tenant meetings – are they still up close and personal or are they now an email/texting activity?
While Coach focuses on merchandising, Kate Spade is excited about its new shipfrom- store strategy; direct-to-consumer revenue at Under Armour grew 33 percent, and DTC is buoying revenues at VF.
The cost of luxury
Top brands’ outlet prices are high, but they still give us access to true, timeless opulence at substantial discounts.
VRN Outlet Convention
You asked and we’ve delivered! The bigger, better, newly renamed 2016 VRN National Outlet Convention has moved to New York City with a line-up of speakers and activities you won’t want to miss.