Tanger Factory Outlet Centers

Tanger Factory Outlet Centers Inc.
Public
Traded as NYSE: SKT
S&P 400 Component
Industry Outlet malls
Founded 1981 (listed 1993)
Headquarters Greensboro, North Carolina
Key people
 Stanley K. Tanger, Steven B Tanger (CEO)
$34.25 million USD (2011-12-31)[1]
Number of employees
 200
Website http://www.tangeroutlet.com
Tanger Outlets in Deer Park, NY
Tanger Factory Outlet Center in Kittery, Maine
Tanger Outlets tower in San Marcos, Texas

Tanger Factory Outlet Centers, Inc. (/ˈtæŋ.ər/ TANG-er)[2] (NYSE: SKT) is a real estate company that owns the chain Tanger Outlets, an outlet mall company headquartered in Greensboro, North Carolina.

The company derives its name from founder Stanley Tanger who opened the Burlington Manufacturer's Outlet Center (BMOC) in Burlington, North Carolina, in 1981.[3] As of 2011, the company has 35 centers in 24 states.[3]

The company operates as a REIT. In June 1993 it became the first publicly traded outlet company when it was listed on the New York Stock Exchange.

As of December 31, 2006, Tanger's 30 centers represented a gross leasable area (GLA) of approximately 8,400,000 square feet (780,000 m2) and consisted of more than 1,800 stores, representing about 380 store brands.[4] According to its website it had 150 million shoppers in 2006.[5]

On January 24, 2011, it announced a $1 billion partnership with Canadian-based RioCan Real Estate Investment Trust to open up to 15 outlet locations in Canada within 7 years. It secured its first location in the Greater Toronto Area of Milton, Ontario at the Highway 401 and James Snow Parkway interchange to be ready for an April 2013 opening. Another planned location would be near the Canadian Tire Centre and Highway 417 in the western edge of Ottawa.

In November 2012, Tanger announced it will join Simon Property Group in constructing a new 400,000 sq. ft. center in Charlotte, North Carolina.

Tenants in its centers include Liz Claiborne, Gap, Banana Republic, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Nautica, Abercrombie & Fitch, Hollister, Eddie Bauer, Brooks Brothers and Nike.

Outlet center locations

  • Alabama
Tanger Outlets Foley
  • Arizona
Tanger Outlets Westgate
  • California
Tanger Outlets Barstow
  • Connecticut
Tanger Outlets Foxwoods
  • Delaware
Tanger Outlets Rehoboth
  • Florida
Tanger Outlets Daytona Beach
Tanger Outlets Ft. Myers
  • Georgia
Tanger Outlets Commerce
Tanger Outlets Locust Grove
Tanger Outlets Savannah
  • Illinois
Tanger Outlets Tuscola
  • Iowa
Tanger Outlets Williamsburg
  • Louisiana
Tanger Outlets Gonzales
  • Maryland
Tanger Outlets National Harbor
Tanger Outlets Ocean City
  • Michigan
Tanger Outlets Grand Rapids
Tanger Outlets Howell
  • Mississippi
Tanger Outlets Southaven
  • Missouri
Tanger Outlets Branson
  • New Hampshire
Tanger Outlets Tilton
  • New Jersey
Tanger Outlets The Walk
  • New York
Tanger Outlets at the Arches - Deer Park (Pictured)
Tanger Outlets Riverhead
  • North Carolina
Tanger Outlets Blowing Rock
Charlotte Premium Outlets
Tanger Outlets Mebane
Tanger Outlets Nags Head
  • Ohio
Tanger Outlets Jeffersonville
Tanger Outlets Columbus - Sunbury[6]
  • Oklahoma
The Outlet Shoppes at Oklahoma City
The Tanger Factory Outlet Stroud (Tornado destroyed in 1999)[7]
  • Pennsylvania
Tanger Outlets Hershey
Tanger Outlets Lancaster
Tanger Outlets Washington
  • South Carolina
Tanger Outlets North Charleston
Tanger Outlets Hilton Head
Tanger Outlets Myrtle Beach-Highway 17
Tanger Outlets Myrtle Beach-Highway 501
  • Tennessee
Tanger Five Oaks, Sevierville
  • Texas
Tanger Outlets San Marcos
Tanger Outlets Terrell
Tanger Outlets Texas City
  • Utah
Tanger Outlets Park City
  • Canada
Tanger Outlets Cookstown, Ontario
Tanger Outlets Ottawa, Ontario
Tanger Outlets Bromont, Quebec

References

  1. ↑ https://www.google.com/finance?q=NYSE:SKT&fstype=ii
  2. ↑ "Tanger Outlets FAQ". Retrieved August 10, 2017.
  3. 1 2 "Stanley Tanger, outlet industry pioneer, dies". News & Record. 2010-10-24. Retrieved 2010-10-24.
  4. ↑ Stock.us.reeuters.com SKT Profile - Retrieved November 16, 2007
  5. ↑ Our History - Tangeroutlet.com - Retrieved November 16, 2007
  6. ↑ http://nbc4i.com/2016/05/03/tanger-outlets-hosting-job-fair-for-columbus-location/
  7. ↑ http://newsok.com/article/2662713

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