"We figure our prime market is within a radius 25-40 miles. "My impression is that several of the Massachusetts outlet malls - in Worcester, New Bedford and Fall River - have not met their original expectations," she said.
#Tumi outlet new hampshire full
We have an economy that's near full employment and with less capacity for growth. "I think there's a risk that people are expecting the (Massachusetts) economy to grow at the pace it has over the past five years," Ms. "There probably is overdevelopment in the retail industry, particularly in Southeast Massachusetts," Ms. She also said that the area's retail market may be saturated. "There is certainly some direct competition," Johnson said, "because malls serve a wide variety of consumers, and the bargain hunters will go to the outlets." But they still go to the malls on a regular basis, they say.īut Sara Johnson, a regional economist with DRI/McGraw Hill, said that Wrentham Village will indeed compete directly with regional shopping malls. Shoppers go to an outlet center when they're bargain hunting. Operators of Emerald Square Mall in North Attleboro and the developers of Providence Place, a planned 1.3 million-square-foot shopping mall in Providence, say they are not worried about Wrentham Village eating into their sales. It is also negotiating with Tumi, Disney and Hugo Boss for future stores.
In addition, the report says, Chelsea "continues to attract new tenants to the outlet industry," including Prada, Coleman Camping and Neiman Marcus. Morgan Securities says that the key to Chelsea's success has been its ability to attract retail leaders as tenants, including Polo, Donna Karan, Nautica, Tommy Hilfiger and Nike. "Everything's ahead of schedule."Ĭhelsea, which is publicly traded, owns 20 other outlet centers in 12 states, including Clinton Crossing Premium Outlets, the largest outlet center in Connecticut, near New Haven.Ĭonsidered the leading outlet operator in the country, Chelsea averages companywide sales of $360 a square foot, compared with about $220 in a traditional retail mall.Ī report by J.P. "We had not been planning to open Phase 2 so quickly," Wrentham Village general manager Beth Winbourne said. "Right now we're very pleased with the performance," she said.īecause of the "strong start and buzz in the industry," she said, Chelesa began construction of Phase 2 as soon as Phase - opened. And it's had more than 2 million visitors since opening, Ms. Wrentham Village is in the top tier of Chelsea's outlet complexes, which average $517 in sales per square foot. But the fall opening appeared to work in favor of the complex's first retailers, which included Donna Karan, Barneys New York Outlet, Brooks Brothers Factory Store, Calvin Klein, Gap Outlet and Off 5th-Saks Fifth Avenue Outlet. "We didn't know if opening in the holiday season would hurt us," she said. The first phase of Wrentham Village, which opened last November, has "exceeded our expectations," said Michele Rothstein, vice president of marketing at Chelsea GCA Realty, the New Jersey developer of the massive outlet complex. The shells of the new Wrentham stores are constructed, and several tenants have already signed leases Liz Claiborne, Sony, Nautica, Fossil, Tse, J. While the Wrentham outlets appeal to the carriage trade among bargain hunters, the Fall River outlets draw the mid-price shoppers. "We depend on local residents, the bus tours that come in from all over the state and out of state as well as the tourist trade." "Wrentham hasn't really hurt our business since it caters to the more upscale shopper," said Arthur Poulten, president of the Fall River Factory Outlet District Association.
Spurred by the success of its first 60 stores, Wrentham Village Premium Outlets is preparing to open another 40 stores by summer.īut a spokesman for the Fall River area factory outlets says the expansion will have no impact on the local operations.
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