Latest news with #Tanger
Fast Company
07-07-2025
- Business
- Fast Company
Previewing the future of retail: How today's developer decisions are shaping tomorrow's marketplace
What does the future of shopping look like? As the CEO of Tanger, which owns and operates over 40 retail destinations, primarily outlet centers, it's a question I consider every day. While consumers think about what they're purchasing in the near term, and brands plan collections a year out, shopping center developers are making decisions that will impact trends for the next decade. As construction costs soar, available retail space is at a premium, and, with lease terms typically lasting 8-10 years, we are presented with the challenge and opportunity to thoughtfully curate shopping destinations that cater to the customer of tomorrow. DEBUNKING THE MYTH OF THE E-COMMERCE TAKEOVER Despite predictions during and immediately following the COVID pandemic that in-store shopping would die out as online purchases soared, the opposite has proven true. In fact, from 2021 to 2024, demand for retail space increased by over 200 million square feet, which in turn reduced the amount of such available space to an all-time low in the United States in 2024. For context, at Tanger, only about 3% of our space is typically vacant. Retailers recognize the power of physical locations. Research from the International Council of Shopping Centers shows that opening a store creates a halo effect that boosts online purchases—apparel brands will see an 11.6% rise in e-commerce sales, and emerging DTC retailers get a 13.9% boost. What's most surprising is that the consumers driving this brick-and-mortar demand are those who grew up online. Gen Z's desire for in-store shopping outpaces both millennials and Gen X. This cohort, ages 13-28, is shaping the retail landscape, with 57% considering shopping an 'enjoyable experience' as opposed to 'a chore,' according to recent research from Adyen. However, their loyalty doesn't come easily. Gen Z not only expects a seamless customer journey, with fast and efficient check-out, but they also want to feel a connection to brands and see a day of shopping as a way to connect with friends. THE CHALLENGE This confluence of demand means developers need to think critically about every square foot of existing space. To do so, they need to listen to retailers and customers to make informed decisions that respond to current needs and look to the future. Developers have to create environments that will get people out of their homes and into centers, underscoring the need for a destination where guests can enjoy great experiences, not just a place to purchase goods. FROM TRANSACTIONS TO INTERACTIONS The shopping center of today and tomorrow is one that focuses holistically on what consumers crave. Developers are bringing in new names and uses and prioritizing brands that reinvest in their stores to create an experience that's both fun and interactive. Whereas we might have previously focused on apparel or footwear alone, we're finding that consumers—especially the growing cohort of Gen Z—want a shopping destination that is layered. Just five years ago, retailers like Sephora, Ulta, Shake Shack, and Dave & Buster's wouldn't have been part of the outlet center conversation. Today, elevated beauty, dining, and entertainment brands are emerging as major traffic drivers. There is also no 'one-size-fits-all' model; it is critically important to consider the geography and the interests of that local population. Open-air shopping centers are increasingly pivoting from quick stop-in spots for jeans and sneakers to full community centers. We are designing and remodeling our portfolio to include green spaces where people can gather to do everything from enjoying coffee with friends, to participating in a group fitness class, to attending a 54-foot holiday tree lighting. The retail mix also needs to be curated for each location. I empower our center managers to act as CEOs of their properties, as they're tapped into which brands their guests want—what's popular in Savannah, Georgia, is different from what's popular in Grand Rapids, Michigan. Additionally, we're incorporating local concepts into our centers. These provide a sense of place and help elevate home-grown brands by positioning them next to international powerhouses like The Gap and Nike. To provide this diverse tenant mix, developers are also looking to 'right-size' stores. As I noted earlier, every square foot of retail space is extremely valuable, and each center only has so many. Whereas shopping destinations once had cavernous warehouse-style stores and big box anchors, we are now shifting towards a boutique model. Density is driving demand, and the more vibrant and layered a center, the more compelling the reason to visit. THE RETAIL RENAISSANCE AHEAD The next decade's retail landscape is being defined now by the decisions we make as developers, brands, and community builders. At Tanger, we're embracing this responsibility by reimagining our centers as vibrant community hubs that foster authentic connection. We're seeing that the most successful retail environments aren't simply transactional spaces—they're experiential destinations that create lasting memories. As we look ahead, the retail centers that will thrive are those that continuously evolve with consumer preferences while staying true to what makes in-person shopping irreplaceable: the sensory experience, the immediate gratification, and most importantly, the human connection. By blending digital convenience with immersive physical environments, we're creating spaces where consumers don't just shop—they belong. The future of retail isn't a choice between digital and physical—it's about seamless experiences that incorporate the best of both worlds. As developers, our challenge is to be bold enough to reimagine what retail spaces can be, flexible enough to adapt to emerging trends, and committed enough to invest in creating destinations that will remain relevant for generations to come.
Business Wire
16-06-2025
- Business
- Business Wire
Tanger Schedules Second Quarter 2025 Earnings Release and Conference Call
GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger ® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended June 30, 2025 will be released on Monday, August 4, 2025 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Tuesday, August 5, 2025 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, A telephone replay of the call will be available from August 5, 2025 at 11:30 a.m. Eastern Time through 11:59 p.m. on August 19, 2025 by dialing 1-877-660-6853, replay access code #13754075. An online archive of the webcast will also be available through August 19, 2025. About Tanger ® Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 37 outlet centers and three open-air lifestyle centers includes 16 million square feet well positioned across tourist destinations and vibrant markets in 21 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. For more information on Tanger, call 1-800-4TANGER or visit
Bloomberg
05-06-2025
- Business
- Bloomberg
Tanger CEO on Diversifying Shopping Experience Offerings
Bloomberg Markets: The Close Stephen Yalof, Tanger CEO & President speak with Romaine Bostick about the retail outlook in the outdoor Tanger outlets. (Source: Bloomberg)
Yahoo
02-06-2025
- Business
- Yahoo
Tanger (SKT) Could Be a Great Choice
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Tanger (SKT) is headquartered in Greensboro, and is in the Finance sector. The stock has seen a price change of -12.69% since the start of the year. Currently paying a dividend of $0.29 per share, the company has a dividend yield of 3.93%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.52%, while the S&P 500's yield is 1.57%. Looking at dividend growth, the company's current annualized dividend of $1.17 is up 7.8% from last year. In the past five-year period, Tanger has increased its dividend 4 times on a year-over-year basis for an average annual increase of 7.18%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Right now, Tanger's payout ratio is 51%, which means it paid out 51% of its trailing 12-month EPS as dividend. SKT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2025 is $2.24 per share, representing a year-over-year earnings growth rate of 5.16%. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout. Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, SKT is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tanger Inc. (SKT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30-05-2025
- Business
- Business Wire
Tanger Releases 2024 Impact Report
GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger ® (NYSE: SKT) 'Tanger's values of integrity, inclusion, and innovation guide the decisions and initiatives that drive our collective impact. In 2024, we deepened our community engagement, empowered our team, and advanced sustainability with a focus on mitigating risk and driving value for our stakeholders,' said Stephen Yalof, President and Chief Executive Officer. 'I'm proud of our team's dedication to creating vibrant shopping destinations and resilient communities—and grateful for the trust of our stakeholders as we build a more connected, inclusive future together.' Tanger's 2024 Impact Report, which is its ninth report on corporate responsibility initiatives, enumerates the environmental, social, and governance practices and programs—referenced collectively as Tanger's "Impact Program'—through which the company strives to create positive social and economic impact in line with its Mission, Vision, and Values. The Report highlights Tanger's recent achievements and progress on its Impact Program goals, including: Ongoing efforts to foster an organizational culture where performance, growth, and the expression of Tanger's values are recognized and rewarded, including providing nearly 5,000 hours of annual professional growth and training for Tanger team members in 2024. The expansion of initiatives to promote belonging and empowerment within the company's diverse workforce, including those championed by Tanger's employee-founded-and-led Employee Resource Groups (ERGs), which are open to all employees. Ongoing support for the communities in which Tanger operates through multiple TangerCares initiatives, including the company's legacy TangerPink and TangerKids programs and nearly 7,500 hours of company-sponsored employee volunteer service. A 13% increase in Tanger's solar energy generation capacity, increasing its total solar capacity to 15.5 MW across 11 centers. Completion of a formal data assurance readiness assessment to improve data integrity and plan for state-level climate disclosure legislation, as well as a double materiality assessment to identify the most impactful and financially material environmental, social, and governance topics to Tanger's business and stakeholders. Completion of expanded enterprise and asset-level climate scenario analysis, restatement of Tanger's greenhouse gas (GHG) emissions baseline to align with standard methodologies, and inaugural limited disclosure of the company's Scope 3 footprint. Tanger's Impact Program reporting process continues to be guided by respected standards and reporting frameworks, including the Global Reporting Initiative (GRI) Standards, the IFRS Sustainability Disclosure Standards (specifically IFRS S2, which consolidates the recommendations of the former Task Force on Climate-related Financial Disclosures), and the Sustainability Accounting Standards Board (SASB). Tanger also discloses through third-party reporting frameworks including the Global Real Estate Sustainability Benchmark (GRESB), CDP (formerly the Carbon Disclosure Project), and the United Nations Global Compact (UNGC). Tanger's 2024 Impact Report is now available on its company website at About Tanger ® Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 37 outlet centers and three open-air lifestyle centers comprises 16 million square feet well positioned across tourist destinations and vibrant markets in 21 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. For more information on Tanger, call 1-800-4TANGER or visit The Company uses, and intends to continue to use, its Investor Relations website, which can be found at as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about the Company can also be found through social media channels. The Company encourages investors and others interested in the Company to review the information on its Investor Relations website and on social media channels. The information contained on, or that may be accessed through, our website or social media platforms is not incorporated by reference into, and is not a part of, this document. Safe Harbor Statement This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," or similar expressions. These forward-looking statements are based upon the beliefs and expectations of management at the time of this release. You should not rely on forward-looking statements since they involve known and unknown risks and uncertainties which could cause actual results to differ materially from those presented in the forward-looking statements. Please refer to the documents filed by the Company with the SEC, including specifically the "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and the Company's other filings with the SEC, which identify additional factors that could cause actual results to differ from those contained in forward-looking statements. The Company does not undertake any obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
