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Tanger Outlets

Tanger Factory Outlet Centers Inc.
Public (NYSE: SKT)
Industry Outlet malls
Founded 1981 (listed 1993)
Headquarters Greensboro, North Carolina
Key people Stanley K. Tanger, Steven B. Tanger
Net income $34.25 million USD (2011-12-31)[1]
Employees 200
Website http://www.tangeroutlet.com

Tanger Factory Outlet Centers, Inc. (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.[2] As of 2011, the company has 35 centers in 24 states.[2]

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.[3] According to its website it had 150 million shoppers in 2006.[4]

On January 24th, 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 Westbrook
  • Delaware
Tanger Outlets Rehoboth
  • Florida
Tanger Outlets Ft. Myers
  • Georgia
Tanger Outlets Commerce
Tanger Outlets Locust Grove
  • Illinois
Tanger Outlets Tuscola
  • Iowa
Tanger Outlets Williamsburg
  • Louisiana
Tanger Outlets Gonzales
  • Maine
Tanger Outlets Kittery
  • Maryland
Tanger Outlets National Harbor (opening 2013)
Tanger Outlets Ocean City
  • Michigan
Tanger Outlets Howell
Tanger Outlets West Branch
  • Missouri
Tanger Outlets Branson
  • New Hampshire
Tanger Outlets Tilton
  • New Jersey
Tanger Outlets The Walk
  • New York
Tanger Outlets at the Arches
Tanger Outlets Riverhead
  • North Carolina
Tanger Outlets Blowing Rock
Charlotte Premium Outlets (opening 2014)
Tanger Outlets Mebane
Tanger Outlets Nags Head
  • Ohio
Tanger Outlets Jeffersonville
  • Oregon
Tanger Outlets Lincoln City
  • 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 Nacogdoches (opening 2014)
Tanger Outlets San Marcos
Tanger Outlets Terrell
Tanger Outlets Texas City
  • Utah
Tanger Outlets Park City
  • Wisconsin
Tanger Outlets Wisconsin Dells
  • Canada
Tanger Outlets Cookstown, Ontario
Tanger Outlets Bromont, Quebec

References

External links

  • Official website
  • International Directory of Company Histories, Vol. 49. St. James Press, 2003 (via fundinguniverse.com)
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