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August
2003 Cover
Story
|
2003
Top Centers Hit Parade
Twenty-three outlet centers turn out to be among the best for the 62 retail
chains participating in the latest Top Centers survey conducted by the
Outlet Retail Merchants Association. Using their own 2002 sales data,
the retailers pointed to which centers produce the highest sales psf and
gross sales for their chains.
Lightstone to acquire Prime Retail
Beleaguered Prime Retail may have found a white knight in Lightstone Group,
which has swooped in to save the company from bankruptcy. Details in News
Up Front.
Outlet-center
expansions planned
While phase 1 projects are few and far between these days, 19 outlet-center
expansions totaling more than 1.2 million sf are planned to open in the
next two years. Four developers plan multiple expansions.
Babylandia fills Hispanic niche
The new tenant in The Shops at Las Americas outlet center near San Diego
sells children's formal clothes typically worn for religious-oriented
rites of passage, such as baptism and confirmation.
Gen
Y Blues?
While sales associates between 16 and 24 can seem like they're from another
planet, Eric Chester contends that connecting with young workers isn't
so difficult and it will pay off with high productivity and profits.
Outlet-store sales dip in April
Despite a later Easter this year, comp-store outlet sales dipped 3.7 percent
in April with mixed regional results - an increase in the South, but decreases
in the West, Midwest and Northeast.