Friday, June 30, 2017

Outlet malls are the latest victim of the retail apocalypse

Image result for retail outlet centersAfter years of being seemingly insulated from the ills affecting department stores, the country’s 200-plus outlet malls are starting to show signs of strain.

Tanger Factory Outlet Centers, which owns 43 centers in 22 states and is the largest publicly traded pure-play outlet operator in the US, is throwing off some warning signs, experts tell The Post.

The Greensboro, NC, company, seen as a bellwether for the sector, is not planning any outlet openings for 2018, one industry watcher said — noting it was the first time in recent memory that no new opening has occurred.. . . more

No comments: