Lancaster Development Company announces that Old Navy will be leaving the Lancaster Mall Shopping Center in the 1st quarter of 2011. Old Navy has decided to leave its successful Lancaster Mall location for a smaller store. Their decision to move from a prominent high volume position at the Mall to a location in Keizer is based on a corporate directive driven by Wall Street to reduce store sizes and lower costs and does not reflect on their successful 10-year experience at Lancaster Mall. Lancaster Mall tenants have continued to perform well and deliver strong sales even during the recession.

Gap, Inc., which owns Old Navy, will no longer have a store in the City of Salem, believing they can draw their customers out to Keizer. “While we are disappointed in Old Navy’s decision to leave, especially since this store has historically been a high sales volume store for them in the region, we are extremely excited about the opportunity it creates. This location is one of the premier sites in Salem with 2-story exposure to Lancaster Drive at the main entrance to the Mall”, stated Jon Hummelt, partner of Lancaster Development Company. Lancaster Development Company is already in discussions with tenants and plans on selecting the best retailer for the Mall in the near future.

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