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April
2003 Cover
Story
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The
Experiment Continues
With fewer than two-dozen U.S. megamalls, the concept that had its beginnings
as a giant experiment is evolving with new tenant mixes and physical-plant
updates. VRN spotlights two centers changing with the times: Great Mall
in Milpitas, Calif., and Great Lakes Crossing in Auburn Hills, Mich.
Spiegel's
Tale of Woe
Spiegel's financial difficulties - rooted in problems with its credit
card division - could force the company into bankruptcy, along with the
closing of about half of its 560 Eddie Bauer stores.
Gotta Better Alternative?
Charter Oak Partners reports mixed results from a promotion called
"Mall-ternatives," which aimed to encourage locals to shop its
outlet centers during evening hours.
Retail Round-Up
Casual Male Retail Group says it eventually will shutter all of its Levi's
and Dockers outlet stores and will discontinue agreements with Candies;
Blue Ginger opens an outlet store in a conventional mall in Hawaii; Pac
Sun launches a new line of shoes
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The
German ConnectionTanger, Chelsea 4th Quarter results
Two of the outlet industry's publicly held companies report on earnings
for 2002; Chelsea Property Group and Tanger Factory Outlet Centers show
how good management drives a company through a tough economy.
Yearend 2002 Sales Data
ICSC releases the latest installment of its exclusive outlet sales data,
including the final
two months of 2002, which shows that comp sales were down slightly for
the year among the retail companies participating in the survey