Find in the news:
BY COUNTRY

Outlet Malls Trying New Things As Growth Continues To Soar



Outlet malls are experimenting with new food concepts and full-price retailers within the centers.
When the recession hit back in 2008, virtually every industry felt a pinch. Consumer habits quickly changed to adapt to tightening purse strings, and some of those habits have stuck in the years since. One of those habits was hunting for the best deals possible, and outlet malls began to pick up a serious amount of momentum as a result. 

As Marketwatch shares, if we fast forward to today, outlet malls are still going strong. Developers and landlords continue to pour money into them, and consumers keep on coming to hunt for deals. Interestingly, outlet malls are beginning to evolve somewhat. Once thought of as a place for retailers to clean out some inventory overload at a discount, some retailers are experimenting with full-price stores at these malls.

Outlet mall

The concept makes a ton of sense, as the shoppers are already in place based on foot traffic counts. Why not put your best and brightest merchandise in front of them. As CoStar research director Suzanne Mulvee explains, that’s not all that outlet malls are beginning to experiment with.      

“Developers are more often targeting locations closer to population centers and closer to higher-income households. As the environment they’re operating in has become more and more challenging, they’re willing to experiment more,” says Mulvee. “You’re seeing a lot more food going into these centers. You’re also seeing full-price retailers take space within outlet centers.”

Expanding the food offerings at these centers makes a ton of sense as well. For a family or group of friends that’s spending the day shopping and browsing, sometimes they want more than food court options to take a little break with. Additional fast casual and full-service dining options just may keep them on site a little bit longer, as shoppers will tend to linger a bit longer if all of their needs are tended to. 

Lisa Wagner, a consultant with the Outlet Resource Group, shares in the optimism that the good times will keep on rolling for outlet malls. As with every brick-and-mortar sector, it’s important to stay relevant for the next generation, but Wagner thinks outlet malls have a bit of a head start in that regard.   

“We always say that outlets are great in good times and they’re even better in bad times. The recession of 2008 really bore that out,” said Wagner. “And the millennials have grown up with outlets. So this is part of their shopping behavior and it’s quite deep.”

More about shopping malls in the USA



YESTERDAY, China:
Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
DAY BEFORE YESTERDAY, Finland:
Lippulaiva declared K-Supermarket, Prisma, Lidl, and Tokmanni as anchor tenants.
DAY BEFORE YESTERDAY, USA:
About 200 terminals to sell bitcoins were installed in stores operated by Walmart.
Oct 22, 2021, USA:
Cyber-sports arenas, basketball courts, and aquariums are replacing storefronts and retail spaces.
Oct 22, 2021, USA:
The video host will host a week of "live shopping" as part of its "YouTube Holiday Stream and Shop" event.
Oct 21, 2021, India:
Flagship stores at the mall include Diesel, Replay, Hugo Boss, Emporio Armani, and Paul Smith.
Friend
and Follow
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us