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On June 12, 2013, Horizon Group Properties and the City of Laredo announced the development of an outlet center in place of the River Drive Mall. The outlet mall feature 50+ outlet stores in a newly planned 3 level open air building. El Portal Center was demolished in 2014 for the new building. The Outlet Shoppes at Laredo opened in May 2017.
Nike opened its newest store concept, Nike Live, on July 12, 2018, as Nike by Melrose: a 4,557-square-foot store located in the heart of West LA.
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in shopping centers containing upscale outlet stores in the United States and Canada. As of November 2023, the company owns and manages 36 outlet centers across the US and Canada comprising 14.0 million square feet and more than 3,000 stores. [2]
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Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
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