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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (7068)5/7/1999 1:08:00 AM
From: Bob Rudd  Read Replies (1) of 78462
 
Paul: I haven't studied PRT specifically, but I'm getting the impression that outlet malls as a retail concept have been losing luster. Same store data on some of them have been flat to down. It's probably premature to say that they will follow catalog stores into near oblivion, but the salad days are clearly over. And this was before the threat from the net. Compounding this, there's the probability that conventional malls may follow Taubman's lead on a new one in Detroit area and combine value shopping and some of the outlet malls best features in a more conventional mall setting. With the loss net-vulnerable tenants, malls and strip centers are going to ajust by going after customers that go to outlet malls.
All this is hypothetical, so make of it what you will.
bob
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