REAL ESTATE

The Outlet Shoppes at Oklahoma City to open Aug. 5

BY Staff Writer

Chattanooga, Tenn. — CBL & Associates Properties and Horizon Group Properties announced Friday that they will open The Outlet Shoppes at Oklahoma City on Aug. 5, fully leased with 83 stores.

Half the stores are new to Oklahoma City.

The center is scheduled to open to the public with such designer outlets as Nike, Saks Fifth Avenue Off 5th, Polo Ralph Lauren, Brooks Brothers, Guess, Chico’s, Coach, Banana Republic, DKNY, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Levi’s and Carters.

The Outlet Shoppes at Oklahoma City is the only outlet center in the state.

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REAL ESTATE

Payless ShoeSource opens 100th franchise store

BY Staff Writer

Topeka, Kan. — Collective Brands, parent to Payless ShoeSource, announced Thursday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.

The store represents the seventh store in Indonesia to date and the overall rapid international expansion of the Payless store chain over the past two years through its franchise strategy.

"The franchise model has proven to be an effective way to quickly reach more international markets with the Payless brand,” said LuAnn Via, CEO and president of Payless ShoeSource.

Payless launched its franchise operation in 2009 with a Kuwait store. By the end of 2009, eight stores were operating in three countries in the Middle East — in Kuwait, Saudi Arabia, and the United Arab Emirates.

Payless said it anticipates the continued rapid expansion of its franchise store program, which represents an opportunity for approximately 700 stores in existing and new countries by 2014.

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REAL ESTATE

Readers Speak Out: Best Buy subleasing space to other retailers

BY CSA STAFF

In the July 14 edition of SiteTalk, we asked you what you thought of Best Buy’s announcement that it would shore up its store size by subleasing space to other retailers. This is what one reader had to say:

"Best Buy, in my opinion, is making the same smart move many other retailers have made. They are trying to get it "right"!"

— Patty Ernst
CASCO Architectural Engineering
St. Louis

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