Striving to provide guests with unique, multi-sensory
experiences, Washington Prime Group (NYSE: WPG) continues to find
new ways to expand and enhance its brands. One example, Shelby’s
Sugar Shop®, a sweet creation by the Company, has been creating
cheer through its array of classic, craft and novelty candies since
its initial launch in 2017. The sweet shop provides a colorful,
curious environment full of discovery and an added dose of
nostalgia delighting both children and adults alike. Now, Shelby’s
is bringing joy to more people than ever before through new common
area locations, providing an experiential opportunity for guests of
all ages.
The expansion of Shelby’s Sugar Shop includes brand-new
locations at Polaris Fashion Place® in Columbus, Ohio; The Outlet
Collection®|Seattle in Auburn, Washington; and The Mall at
Fairfield Commons in Dayton, Ohio. Additionally, the expansion will
feature a reinvention of the current location at WestShore Plaza in
Tampa, Florida. The four new locations join existing Shelby’s Sugar
Shops in Mentor and Youngstown, Ohio; Aurora, Colorado; and
Albuquerque, New Mexico.
“Shelby’s Sugar Shop adds such a unique energy and experience –
not to mention flavor – to our town centers,” said Jennifer
Moretti, Senior Vice President and Chief Activation Officer at
Washington Prime Group. “We’re thrilled to offer guests an
opportunity to enjoy sweet treats, both new, beloved and
unexpected, while also providing a meaningful experience that
aligns with our core values of inclusion and respect.”
Shelby’s Sugar Shop follows the journey of a spirited young girl
named Shelby from a picturesque country setting to the heart of a
big city, enjoying life’s sweetest adventures along the way. Shelby
travels the world looking for sweet, fun treats to enjoy, from the
rural landscape to the bustling city. Expanding on her special
story, the Company has created new friends for Shelby to interact
with and share with guests. Wielding bravery and acceptance, Shelby
understands the importance of inclusivity, and her new friends
represent the Company’s commitment to diversity and inclusion.
Shelby believes that no matter how old you are, where you’re from,
how you talk or even what you look like, we are all a lot more
alike than we are different. Shelby reminds town center guests of
the importance of celebrating our differences and that life’s
adventures are sweeter with friendship, acceptance – and candy!
Shelby’s Sugar Shop offers candy lovers a light-hearted,
adventurous experience while intertwining a deeper message of
friendship, kindness and inclusion. When visiting Shelby’s, guests
will have the opportunity to step away from the hustle and bustle
of life and step into a confectionary wonderland reminding them to
always remain a kid at heart.
Shelby’s new common area retail units will offer a curated
collection of sweets and treats from classic and nostalgic candies,
to craft candy and chocolates, to a branded “create your own”
collection and scented novelty offerings. The new retail units will
also provide unique specialty products and beverages for added fun.
The selection of products have been specially curated to bring the
very best sugary confections to surprise and delights our
guests.
About Shelby’s Sugar Shop®
Shelby’s Sugar Shop® is a concept from Washington Prime
Group which presents a colorful, curious and dynamic environment
that will delight children and adults alike, as a spirited young
girl named Shelby journeys from a picturesque country setting to
the heart of a big city, enjoying the sweetest parts of life along
the way. Learn more at www.shelbyssugarshop.com.
About Washington Prime Group
Washington Prime Group: National footprint with local flavor.
With 100 town centers throughout the US, we’re as American as apple
pie. As a matter of fact, we are also as American as deep dish
pizza in Chicago, Hawaiian poke salad, vegan spring rolls in
Malibu, El Paso Tex-Mex, Maryland crab cakes, kimchi in Orange
County, Memphis barbeque and a Kansas City porterhouse. Our well
regarded infrastructure, from Hawaii to Connecticut, and pretty
much everywhere else in between, allows our tenant and sponsor
partners to benefit from the operating efficacy and economies of
scale at a large national real estate company, alongside local
management who possess comprehensive knowledge of the specific
locale within which they reside. Washington Prime Group®, Polaris
Fashion Place®, The Outlet Collection®, and Shelby’s Sugar Shop®
are a registered trademarks of the Company. Learn more
at www.washingtonprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
which represent the current expectations and beliefs of management
of Washington Prime Group Inc. (“WPG”) concerning the proposed
transactions, the anticipated consequences and benefits of the
transactions and the targeted close date for the transactions, and
other future events and their potential effects on WPG, including,
but not limited to, statements relating to anticipated financial
and operating results, the Company’s plans, objectives,
expectations and intentions, cost savings and other statements,
including words such as “anticipate,” “believe,” “confident,”
“plan,” “estimate,” “expect,” “intend,” “will,” “should,” “may,”
and other similar expressions. Such statements are based upon the
current beliefs and expectations of WPG’s management, and involve
known and unknown risks, uncertainties, and other factors which may
cause the actual results, performance, or achievements of WPG to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, without limitation: changes in
asset quality and credit risk; ability to sustain revenue and
earnings growth; changes in political, economic or market
conditions generally and the real estate and capital markets
specifically; the impact of increased competition; the availability
of capital and financing; tenant or joint venture partner(s)
bankruptcies; the failure to increase store occupancy and
same-store operating income; risks associated with the acquisition,
disposition, (re)development, expansion, leasing and management of
properties; changes in market rental rates; trends in the retail
industry; relationships with anchor tenants; risks relating to
joint venture properties; costs of common area maintenance;
competitive market forces; the level and volatility of interest
rates; the rate of revenue increases as compared to expense
increases; the financial stability of tenants within the retail
industry; the restrictions in current financing arrangements or the
failure to comply with such arrangements; the liquidity of real
estate investments; the impact of changes to tax legislation and
WPG’s tax positions; losses associated with closures, failures and
stoppages associated with the spread and proliferation of the
coronavirus (COVID-19) pandemic; to qualify as a real estate
investment trust; the failure to refinance debt at favorable terms
and conditions; loss of key personnel; material changes in the
dividend rates on securities or the ability to pay dividends on
common shares or other securities; possible restrictions on the
ability to operate or dispose of any partially-owned properties;
the failure to achieve earnings/funds from operations targets or
estimates; the failure to achieve projected returns or yields on
(re)development and investment properties (including joint
ventures); expected gains on debt extinguishment; changes in
generally accepted accounting principles or interpretations
thereof; terrorist activities and international hostilities; the
unfavorable resolution of legal or regulatory proceedings; the
impact of future acquisitions and divestitures; assets that may be
subject to impairment charges; significant costs related to
environmental issues; changes in LIBOR reporting practices or the
method in which LIBOR is determined; and other risks and
uncertainties, including those detailed from time to time in WPG’s
statements and periodic reports filed with the Securities and
Exchange Commission, including those described under “Risk
Factors”. The forward-looking statements in this communication are
qualified by these risk factors. Each statement speaks only as of
the date of this press release and WPG undertakes no obligation to
update or revise any forward-looking statements to reflect new
information, subsequent events or circumstances. Actual results may
differ materially from current projections, expectations, and
plans, if any. Investors, potential investors and others should
give careful consideration to these risks and uncertainties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210204005186/en/
Investors: Kimberly A. Green, VP, Investor Relations &
Corporate Communications, 614.887.5647 or
kim.green@washingtonprime.com Media: Kimberly Flaherty, Senior
Director, Public Relations, 614.887.5715 or
kimberly.flaherty@washingtonprime.com
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