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  • 6/2/2024

    Las Vegas outlets celebrate National Outlet Shopping Day

    Simon

    National Outlet Shopping Day, the annual shopping event hosted by Simon’s Premium Outlets and The Mills properties, will take place on June 8 and 9 at Las Vegas North Premium Outlets and Las Vegas South Premium Outlets.

    Highlights of this year’s savings that shoppers will find at both centers include:

    • Coach: Shoppers can enjoy savings of up to 70% and receive a complimentary fragrance gift with every purchase.
    • Adidas Outlet Store: Take an additional 20% off your entire purchase.
    • Pandora Outlet: Buy two items and get one free on last chance items.
    • Sunglass Hut: Get 50% off the second pair of sunglasses.

    In addition to savings, Las Vegas North Premium Outlets will feature on-site activations such as free photo opportunities with Las Vegas Showgirls and an Elvis impersonator, a DJ, a spin-to-win prize wheel, and more.

    Meanwhile, Las Vegas South Premium Outlets will offer photo opportunities throughout the center, face painting, balloon artistry, a spin-to-win prize wheel, DJs, and more. 

    Simon Property Group’s portfolio of outlet malls includes Woodbury Common Premium Outlets, Orlando International Premium Outlets, Desert Hills Premium Outlets, and Wrentham Village Premium Outlets.

  • 12/4/2023

    Study: Retailers fall short in giving employees dedicated mobile devices

    Retailer with smartphone (Image: Ground Picture)

    One-third of the U.S. retail workforce is not given a dedicated mobile device today, with the largest retailers being least likely to give each employee a device for their exclusive use.

    That's according to a new  study conducted for Zebra Technologies by Coresight Research, which found that 34% of U.S. retail employees, or 7.7 million associates in all, lack mobile devices for their exclusive use.

    The report, "Success at Hand: Equipping Frontline Workers with More Mobile Devices to Drive Revenue and Delight Customers,"  indicates that 40% of employees working for large retailers either have to share a mobile device or go without one. Mass merchandisers and companies with over $1 billion in revenue ranked above average in terms of the proportion of workers without their own mobile devices at their companies.

    Those who work in store operations (42%), merchandising (37%) or on the store floor (34%) are the least likely to have dedicated devices even though they are often considered to be among the most mobile-dependent team members and highly influence shopper satisfaction ratings.

    The percentage of employees at surveyed U.S. retail organizations who do not use mobile devices varies by business function:

    • Store operations 42%.
    • Merchandising 37%.
    • Store floor 34%.
    • Field mobility and operations 34%.
    • Warehouse operations 31%.
    • Inventory management 30%.
    • Ominchannel and fulfillment operations 29%.
    • Checkout experience 29%.

    U.S. retailers not equipping their employees with mobile devices provided the following reasons (more than one reason accepted):

    • Skills and talent shortage 35%.
    • Data and security concerns 31%.
    • Vendor lock-in and standards 29%.
    • Management approval and support 28%.
    • Technical issues and maintenance 28%.
    • Cost of implementation 27%.
    • ROI uncertainty 26%.
    • Insufficient IT infrastructure 25%.
    • Complexity of integration 25%.
    • Resistance from employees 23%.

    When asked what benefits they would expect to receive from equipping employees with mobile devices, respondents ranked improved employee satisfaction, improved operational efficiency, and better customer satisfaction as the top three. 

    Respondents also rated increased efficiency of daily operational tasks, enhanced communication between staff members, and integration of various payment methods as the top three workflows that would benefit from mobile enablement.

    “Most people are accustomed to always having mobile devices in their hands,” said Deborah Weinswig, CEO, Coresight Research. "When they don’t have one, workers feel disconnected from the people, tools, and information they rely on to do their jobs well."

    Coresight Research conducted three online surveys of decision-makers at US-based retailers on behalf of Zebra Technologies between November 2022 and July 2024. Image courtesy of Ground Picture.

  • 6/3/2024

    Nordstrom names new chief operating officer

    As April 29, Nordstrom had a total of 347 stores.

    Nordstrom has given one of its executives a new title. 

    The upscale department retailer has promoted Alexis DePree to COO.  DePree, who joined Nordstrom in January 2020 as executive VP and chief supply chain officer, will continue to support supply chain operations, transportation, inventory operations, enterprise operations and store operations, but with an expanded title that "better reflects the breadth of the work these teams are doing," the company said in a statement. 
     

    “With Alexis's support, our teams have made meaningful progress in several different areas,” Nordstrom stated. “We’ve strengthened our supply chain network, dramatically improved our speed to customers and reduced costs. We continue to make progress implementing RFID technology and creating operational consistency across our stores. As we focus on improving operational efficiency across the business, Alexis and her team will continue to be integral to our success.”

    Prior to joining Nordstrom, DePree held senior leadership roles at Amazon and Target in supply chain and distribution management. She holds a Bachelor of Science in industrial engineering from Northwestern University and a Master of Business Administration from Harvard Business School.

    For the most recent financial period, Nordstrom reported mixed results with a wider than expected loss but sales that topped estimates. At the end of the quarter, the company operated 264 Nordstrom Rack stores, 93 Nordstrom stores, six Nordstrom Local service hubs and two Last Chance clearance outlets.

  • 6/3/2024

    DLC Management and Cohen & Steers buy two centers in Arkansas

    Arkansas

    Global Investment Manager Cohen & Steers and DLC Management Corp.have jointly acquired a two-property open-air shopping center complex in Fayetteville, Ark.

    The acquisition is made up of two centers, Spring Creek Centre and Steele Crossing, that encompass 403,000 sq. ft. of retail space. The centers are 95% occupied by tenants that include TJ Maxx, Ulta, Best Buy, Old Navy, PetSmart, and Kohl's. Key anchors Walmart, Home Depot, and Target own their properties.

    “Similar to many Sunbelt cities, Fayetteville is benefiting from national migration trends as people move to more affordable and economically attractive residential areas across the country,” said James S. Corl, head of the private real estate group at Cohen & Steers. “We believe the shopping centers are well-positioned in a dominant location to benefit from these tailwinds and we are excited to partner with DLC."

    Open-air shopping centers are at their highest occupancy level of the past 16 years at 95.7% nationally, according to CoStar Group, which added that over the last five years, Northwest Arkansas’ population has grown at 4.5 times the national average. 

    New York-based DLC has more than three decades of expertise in shopping centers with a focus on open-air centers. The company has a national footprint of more than 70 shopping centers and has
    managed Spring Creek Centre and Steele Crossing for more than a decade.

    Founded in 1986, Cohen & Steers is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo, and Singapore.

  • 6/3/2024

    JCPenney celebrates LGBTQ+ Pride Month with special collection

    Penney Pride Month 2024

    JCPenney is featuring a limited-edition assortment of apparel items from designers identifying as members of the LGBTQ+ community.

    In recognition of LGBTQ+ Pride Month this June, the department store retailer is releasing its third annual Hope & Wonder Pride Month Collection. Net profits from the assortment will benefit the non-profit Point Foundation, the nation’s largest scholarship-granting organization for LGBTQ students in postsecondary education.

    The 2024 collection’s theme is "Standing with Pride," which served as inspiration for the designs developed by JCPenney’s Creative Coalition, a cross-functional team of diverse designers who identify as members of the LGBTQ+ community and are featured in the photoshoot for the collection with members of the Pride business resource team (BRT), an internal group dedicated to creating a more inclusive workplace, and Point Foundation alumni.

    Funds donated by JCPenney will support Point Foundation’s Community College Scholarship program. To date, JCPenney has funded 20 community college students throughout the United States.

    Hope & Wonder is JCPenney’s private label brand that celebrates cultural observances throughout the year, including Black History Month, Women’s History Month, Asian American and Pacific Islander Heritage Month, Pride Month, Juneteenth, and Hispanic Heritage Month.

    In addition to corporate contributions, all net profits from Hope & Wonder sales are donated to nonprofits selected by JCPenney associates. Since Hope & Wonder launched in 2022, JCPenney has invested more than $1 million in Hope & Wonder partnerships.

    Hope & Wonder brand campaigns include JCPenney associates, community leaders, and members of the JCPenney Creative Coalition.

    JCPenney, which emerged from bankruptcy in late 2020 under new owners Brookfield Asset Management and Simon Property Group, currently operates 650-plus stores across the U.S. and Puerto Rico.

  • 6/2/2024

    Trademark acquires South Florida lifestyle center

    Legacy Place

    Trademark Property Company has added a new mixed-use center in a premier location.

    The real estate firm has announced it will assume management of Legacy Place, a 427,000-sq.-ft. super regional shopping center on 43 acres located in Palm Beach Gardens, Fla. Located in Palm Beach County, the center is anchored by Barnes and Noble, Ethan Allen, The Container Store, Total Wine, Best Buy, The Capital Grill, and more, and also features traditional retail, restaurant, office, health and wellness and service uses to cater to the area’s growing population.

    Since 2022, Legacy Place has executed over 96,000 sq. ft. of new leases while making significant streetscape, landscape and access improvements to accommodate demand.

    “South Florida continues to experience high growth and demand, and we are thrilled to expand our national portfolio into this thriving market with Legacy Place,” said Nancy San Pedro, senior VP of asset management at Trademark. “We look forward to building on the success Legacy Place has already seen by implementing our proven approach to leasing and merchandising, community-focused programming and creative placemaking strategies.”

    Trademark’s mixed-use, retail and institutional services portfolio now spans 18 properties and includes Galleria Dallas, Lincoln Square, Left Bank, WestBend, Waterside, 5000 S Hulen and Alliance Town Center in Dallas-Fort Worth; Market Street – The Woodlands in The Woodlands (Houston); Annapolis Town Center in Annapolis, Maryland; and North Point in Alpharetta (Atlanta); among others.

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