Outlet retail centers perform well in recession

06/14/2010 | Houston Chronicle (tiered subscription model)

Outlet retail centers performed well in the recession -- posting sales that at the minimum allowed them to hold their own. Outlet sales are either up slightly or have remained stable, according to Linda Humphers, editor-in-chief of Value Retail News, which is published by the International Council of Shopping Centers. Such trends are benefiting developers that have focused on this retail category. Simon Property Group, for example, had a 91% occupancy rate for its traditional regional malls in the fourth quarter, compared with 98% for outlet malls.

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