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Fashion Outlets of Chicago has a gross leasable area of 530,000 sq ft (49,000 m 2). [5] With two levels, the mall features touches of granite, marble and other high-end stones throughout the mall. Unlike most outlet malls, the mall is one of few to be an enclosed mall and is also climate controlled. [6]
The word retail comes from the Old French verb retaillier, meaning "to shape by cutting" (c. 1365).It was first recorded as a noun in 1433 with the meaning of "a sale in small quantities" from the Middle French verb retailler meaning "a piece cut off, shred, scrap, paring". [1]
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Argos Limited is a British catalogue retailer operating in the United Kingdom and formerly in Ireland, acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos.
The Crossroads site comprises 237 acres (96 ha) and was originally developed by NCNB (now Bank of America), acting as trustee for the Public Employees Retirement System of Ohio, [2] as a commercial development with an enclosed shopping mall plus 250,000-square-foot (23,000 m 2) of non-retail space including a corporate park and hotel.
The average outlet center has an area of 216,000 square feet. [2] In 2003, outlet malls in the U.S. generated $15 billion in revenue from 260 stores. The number of U.S. outlet centers increased from 113 in 1988 to 276 in 1991 and to 325 in 1997 [2] and 472 in 2013. [4] Outlet malls are not an exclusively American phenomenon.
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