Monday, April 29, 2019

Are Outlet Centers Immune to the Retail Apocalypse or are They Next?

NREI
The outlet center sector has been one of the few bright spots in the retail industry, which has been in upheaval with retail bankruptcies and store closures.

Outlet centers boast brand-name retailers looking to sell overstock items and out-of-season merchandise to consumers who are looking for more bang for their dollar.

“It’s the best news in the brick-and-mortar category,” says Lisa Wagner, a principal with Outlet Resource Group (TORG), a Chicago-based outlet center consulting company.. . . more