| Outlet
Industry Sales |
|
Average
sales |
Estimated
total |
|
per
sf |
outlet
sales |
| 1995 |
$ 211 |
$ 10.7 B |
| 1996 |
$ 213 |
$ 11.6 B |
| 1997 |
$ 220 |
$ 12.2 B |
| 1998 |
$ 249 |
$ 13.9 B |
| 1999 |
$ 255 |
$ 14.3 B |
| **
Aggregate industry sales figures not available after 1999 |
| Outlet
Retailers |
| |
Outlet
chains open |
No.
of stores open |
Avg. no. of stores |
| |
Dec.
31 |
Dec.
31 |
in chain |
| 1988 |
308 |
4,413 |
14 |
| 1989 |
358 |
5,758 |
16 |
| 1990 |
419 |
6,907 |
16 |
| 1991 |
471 |
8,256 |
18 |
| 1992 |
500 |
9,151 |
18 |
| 1993 |
527 |
10,529 |
20 |
| 1994 |
535 |
11,603 |
22 |
| 1995 |
543 |
11,137 |
21 |
| 1996 |
529 |
12,045 |
23 |
| 1997 |
514 |
13,032 |
25 |
| 1998 |
492 |
13,654 |
28 |
| 1999 |
454 |
13,839 |
30 |
| 2000 |
446 |
14,066 |
32 |
| 2003 |
363 |
13,105 |
36 |
| 2004 |
329 |
15,805 |
48 |
| Outlet
Centers |
| |
Centers
open |
Total
GLA (sf) |
Avg.
size (sf) |
Grand
openings |
|
Dec.
31 |
Dec.
31 |
Dec.
31 |
Dec.
31 |
| 1988 |
142 |
18.3M |
121,682 |
36 |
| 1989 |
183 |
22.4M |
119,252 |
43 |
| 1990 |
222 |
28.1M |
123,710 |
40 |
| 1991 |
249 |
32.1M |
127,377 |
25 |
| 1992 |
275 |
35.1M |
128,041 |
26 |
| 1993 |
294 |
39.3M |
133,553 |
32 |
| 1994 |
311 |
44.4M |
142,922 |
27 |
| 1995 |
324 |
50.7M |
156,511 |
22 |
| 1996 |
329 |
54.5M |
165,506 |
13 |
| 1997 |
312 |
55.4M |
177,564 |
7 |
| 1998 |
293 |
55.9M |
190,917 |
7 |
| 1999 |
284 |
56.2M |
197,932 |
5 |
| 2000 |
278 |
57.7M |
207,469 |
5 |
| 2001 |
261 |
55.3M |
211,715 |
3 |
| 2002/2003 |
230 |
54.1M |
235,217 |
3 |
| 2004/2005 |
225 |
54.9M |
243,791 |
3 |
|
VRN
defines an outlet center as one in which 50% or more of the tenants
are
manufacturer’s outlets. Each year, through re-tenanting, some centers
fall below
that standard and are no longer included in VRN’s database. |
|
|
