Shares of Tanger (SKT) are trading higher after the enterprise reported strong first quarter development and increased its 2024 full-year guidance. Tanger top executive Stephen Yalof joins Catalysts to discuss the state of consumer spending and how Tanger continues on its path of development.
Yalof explains that “everybody’s looking for value,” and points to shopping outlets’ ability to mark down prices almost daily as a unique advantage that attracts and retains customers.
He also tells Madison Mills and Brian Sozzi that Tanger is expanding outside retail stores. The enterprise is introducing more dining, entertainment, and fitness options to keep its customers returning.
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