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    Value Retail News

    November 2009


    COVER STORY

    State of the Outlet Industry
    VRN’s latest U.S. Outlet Center and Owners Report shows that in the last 18 months, outlet GLA grew by 1.5 million sf, to 58.5 million from 57 million. Outlet center sales have remained stable, with Prime Retail actually posting a 4 percent increase in all sales for 2008 over 2007.


    FEATURED COVERAGE

    Prepping for Midnight Madness
    Most outlet developers say the Thanksgiving night event is crucial to 4th quarter success, and they are gearing up for a better-than-ever Midnight Madness 2009. Asked about their expectations for the coming holiday season, outlet industry executives’ remarks ranged from cautious optimism to confident predictions of higher sales.

    Consumer Snapshots
    The wealthy are finding their spending groove again and young upwardly mobile professionals apparently never lost theirs; at the same time, coupon use is on the increase and drug store sales are improving; manufacturers who play around with cheaper or more expensive products in their lines are confusing customers out of buying anything, and the sale of men’s underwear is said to hold the secret to the economic recovery.


    Chains Focus On E-Commerce
    A multi-channel marketing approach that draws on traditional and online channels is critical but a web presence, email campaigns and mobile marketing are must-haves for staying competitive. Most importantly sales, transactions and traffic stand a better chance of increasing when the tenants are part of the equation.


    Facebooking Customer Service
    Writing about a personal experience, guest columnist Rob Walker says that prior to the advent of social media, most customer service issues were handled privately. When a post is made to a social media site, everyone can view the message. This transparency causes the retailer to react in a timely manner.


    FEATURED MEETING
    2010 VRN Fall Outlet Retail Convention
    27-28 September, 2010
    Crowne Plaza Meadowlands
    Secaucus, NJ

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    2010 European Outlet Conference
    12-14 October, 2010
    Meliá Milano Hotel
    Milan, Italy

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    ANNUAL DIRECTORIES
    Value Retail Directory
    Global Outlet Project Directory

    On sale now with the latest information on the outlet industry

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