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

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These are the stories making headlines in fashion on Tuesday.

The outlet mall opportunity
As a result of the pandemic “hangover,” retailers have been left with plenty 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, children’s playgrounds and more. Stephen Yalof, president and CEO of Tanger Factory Outlet Centers said in an early November earnings call, “Our channel is doing exactly what these retailers are paying for: being promotional, clearing excess inventory and … serving a purpose to the entire omnichannel retail ecosystem.” {Glossy}

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Brooke Frischer

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