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Tanger Raises Outlook and Dividend After Strong Q1

WWD·David Moin·about 1 month ago
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Tanger , lifted by younger consumers who are increasingly shopping its outlets, continued to see healthy gains and robust leasing activity across several metrics last quarter, encouraging the company to raise its outlook for the year and its dividend. “If you asked me what’s your superpower? I’d say we are an owner, operator and asset manager that is constantly reworking the merchandising mix to optimize for the markets that we serve,” Stephen Yalof, Tanger ’s president and chief executive officer, told WWD. “It’s about a well-curated mix of uses, retailers, entertainment, just different categories that create this great customer experience that drives traffic. You have to understand your customer. You have to understand what they need and what they want. “Gen Z, the 20- to-30-ish-year-old younger customer is really driving the bus,” Yalof said.…

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