Shopping Centers Today included thoughts from Lori Kilberg, equity partner of Hartman Simons, in an article about the changing nature of retail outlets. Lori weighed in that outlet chains should make sure their pricing practices comply with regulations that vary widely from market-to-market. These changes come in the wake of controversy as evidenced by recent court cases. In June, Michael Kors agreed to pay $4.9 million and change the way it labels its made-for-outlet merchandise after plaintiffs’ attorneys filed a class-action lawsuit.
“The major landlords are now requiring that merchandise be clearance, promotional or made specifically for outlets,” Kilberg said. “That is a sea change that has happened only recently.”
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