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Article: Prime Retail Outlet Centers Attracted 60 Million Shoppers During 1997; Comparable Center Traffic Up 2.3%
- Article from:
- PR Newswire
- Article date:
- January 22, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Addition of 1.4 Million Square Feet Through Acquisition and Expansion
Also Fueled Company's Growth
BALTIMORE, Jan. 22 /PRNewswire/ -- Demonstrating the continued growth of the company and the outlet industry as a whole, Prime Retail, Inc. (NYSE: PRT, PRT.PRB), attracted approximately 60 million shoppers to its outlet centers during 1997, announced William H. Carpenter, Jr., president and chief operating officer of the Baltimore-based company. For centers open at least two full years, traffic increased by 2.3% over the prior year.
Also contributing to its growth, Prime Retail added 1.4 million square feet of space ...