Must Read: Outlet Mall Opportunity, Where Will the Fashion Community Meet Without Twitter?

These are the stories making fashion headlines on Tuesday.

Outlet mall option
As a result of pandemic “hangover”, retailers have been left with lots of excess inventory due to overly optimistic sales forecasts. Instead of discounting these items in full-price stores, brands are looking to outlet malls to sell the pieces on a larger scale. Outlet owners are looking to diversify their spaces, building national and local restaurants, playgrounds and more. Stephen Yalof, president and CEO of Tanger Factory Outlet Centers said in an earnings call in early November, “Our channel does exactly what these retailers pay for: to be promotional, to clear excess inventory and … serve a purpose for the entire omnichannel retail ecosystem.” Blank

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