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Outlet centers fill the development pipeline globally

from Retail Traffic

Cost-conscious shoppers are fueling demand for new outlet shopping centers in countries ranging from Canada and the U.S. to Russia and South Korea. "Because of the economic downturn, shoppers are looking for value and outlet centers have always had that perceived value," says Craig Delasin, chief operating officer and principal at Chicago-based Urban Retail Properties LLC. "That is why that segment of the market has continued to thrive." more

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