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Belz To Open More Stores, Celebrate Grand Opening

Stores said to be doing great despite slow economy


November 8, 2001
Copyright © 2001 CARIBBEAN BUSINESS. All Rights Reserved.

Some of the stores that have already opened at Belz Factory Outlet World have sold more than their counterparts in the U.S. mainland, according to General Manager Guillermo Cruz. The outlet mall is also opening more stores, he said, adding that Belz is 90% leased and the remaining space is being negotiated.

No wonder Belz is celebrating a three-day Grand Opening celebration as best it can, with giveaways, live entertainment, and more.

"Stores such as Clarks and Bostonian are breaking sales records in comparison to the same stores in the U.S.," said Cruz. "Gap and Liz Claiborne sold more than counterparts in the U.S. during their first day operating at Belz."

Cruz said that he expects more stores at the 500,000-square-foot mall to have similar sales experiences. Among the new stores that will be opening shortly is Nautica. Other well-known chain stores from the U.S. will follow but Cruz was unable to disclose their names as they are still in negotiations.

Establishments that have opened recently include Polo Ralph Lauren and Banco Popular.

The food court will also open more spaces soon. Eateries to open in the next few weeks include Burger King, La Estrella, Baskin Robbins, Hunan House, Subway–to open two stores–and KFC & Pizza Hut, which will share the same space.

Cruz added that contracts have already been signed with a movie complex chain to open eight theatres at Belz. "This complex will start being built in February and should open about eight months later. It will occupy about 28,000 square feet," he said.

Belz celebrated a pre-opening activity in August.

This Caribbean Business article appears courtesy of Casiano Communications.
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