Tanger Factory Outlet Company Description
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 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.
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The Company Description provides a historical perspective of Tanger Factory Outlet's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Tanger Factory Outlet's evolution in the marketplace.
