REAL ESTATE

Report: Foxwoods plans retail center

BY Dan Berthiaume

Mashnatucket, Conn. — Foxwoods Resort Casino is reportedly building a 300,000-sq.-ft. retail center that will house outlet shops. According to the Associated Press, Foxwoods is partnering with Tanger Factory Outlet Centers Inc. to create a Tanger Outlets complex that will feature more than 80 retailers, including American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein and Nike.

The retail center will reportedly cost $115 million to develop and is expected to open in late 2014 or early 2015, depending on weather. The center will connect two casino floors that draw 10 to 15 million customers a year. Construction is expected to create 400 jobs and about 900 full- and part-time retail jobs are expected once the center opens. It is also expected to generate more than $10 million in annual state sales tax revenue.

"I call this entertainment for the non-gambling spouse," said Steven B. Tanger, president and CEO of Tanger Factory Outlet Centers Inc.

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REAL ESTATE

MinuteClinic enters Hawaii

BY Dan Berthiaume

Woonsocket, R.I. — MinuteClinic, a division of CVS Caremark Corporation, will open today its first walk-in medical clinic in Hawaii at the Longs Drug store on South King Street in Honolulu near the University of Hawaii, Manoa. It is the first of seven MinuteClinic locations to open inside select Longs Drug stores on Oahu in the next two weeks.

Additional clinics will serve patients in Aiea, Hawaii Kai, Kailua, Kaneohe, Kapolei and Waialae.

"We are thrilled to bring MinuteClinic to Hawaii, our first new state in five years and the first of three new states in 2013," said Nancy Gagliano, M.D., chief medical officer of MinuteClinic. "We believe MinuteClinic can be part of the solution to help broaden access to high quality, convenient and affordable health care services on Oahu."

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News

Weather Trends: October 2013

BY CSA STAFF

October 2013 is projected to be the coolest in four years for the U.S. as a whole. Expect colder year-on-year trends across the Northeast and Southwest, especially during retail weeks one, three and four. Wetter trends will encompass the Texas to Louisiana Gulf Coast, where tropical storm and hurricane potential will be the highest should any storms develop this month and threaten the U.S. mainland. The northern tier of the U.S. will trend drier than last year, especially across the Great Lakes. Colder weather during the final two weeks of the month in the East will bring renewed interest from shoppers as they seek out seasonal apparel and Halloween supplies. Across the East, demand for items like coats, boots, sweaters and hats will start off the month slowly, but will pick up considerably by the latter half of October. As we approach the late month period, we will be dealing with tough comparisons to last year when many on the East Coast were preparing for Superstorm Sandy. Retailers in the Northeast will need to assess inventory allocation as emergency relief supplies will see less demand, while more typical autumn categories, like apparel and Halloween items, will see stronger demand.

Weather Trends International offers year-ahead business weather forecasts and intelligence to hundreds of major retailers, suppliers, and we also support many commodity/energy traders. We offer an unparalleled competitive advantage by helping our clients proactively plan for the weather up to a year in advance. For more information on what we can do for you, please contact Jack Grum [email protected] or call 610-807-0118.

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