Tanger Factory Outlet Centers, Inc. · Greensboro, NC United States ·(NYSE: SKT)
Company Description
Phone: 336-292-3010
Fax: 336-852-2096
Rankings
- S&P 600
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If bargain hunting is the national pastime, then Tanger Factory Outlet Centers is the firing range. One of the top outlet mall developers (along with Lightstone Group (Prime Retail) and Chelsea Property Group ), Tanger is a real estate investment trust (REIT) that develops, owns, and manages some 30 retail outlet centers in 21 states. A typical center has 75 stores and totals at least 300,000 sq. ft., housing shops from among 370 retailers, including The Gap , Abercrombie & Fitch , Liz Claiborne , and Nike . Tanger's outlet centers, which maintain about 98% occupancy, are built away from malls and shopping districts, so tenants don't compete with their full-price stores. To read the full description, subscribe now.
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Key Tanger Factory Outlet Centers, Inc. Financials
| Company Type | Public - NYSE: SKT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $245.4 |
| 2008 Employees | 440 |
Tanger Factory Outlet Centers, Inc. Executives
23 executives listed for Tanger Factory Outlet Centers, Inc.'s Greensboro, NC location.
| Title | Name & Bio | Contact |
| Chairman | Jack Africk | Network |
| President, CEO, and Director | Steven Tanger | Network |
| EVP, CFO, and Secretary | Frank Marchisello | Network |
Competition
Competitive Landscape for Tanger Factory Outlet Centers, Inc.
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Tanger Factory Outlet Centers, Inc. Competitors
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