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Tanger Sees Boost from World Cup, Back to School Shoppers

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Tanger Sees Boost from World Cup, Back to School Shoppers Tanger Inc. boosted its outlook for a second time this year, as stronger domestic travel and early back-to-school shoppers have boosted traffic and sales at the real estate investment trust’s shopping centers. “In the outlet business, we look at back to school as a huge shopper holiday,” Chief Executive Officer Stephen Yalof said in an interview. “We have early back to school, much like everybody has early Christmas and holiday shopping.”

Tanger Sees Boost from World Cup, Back to School Shoppers Tanger Inc. boosted its outlook for a second time this year, as stronger domestic travel and early back-to-school shoppers have boosted traffic and sales at the real estate investment trust’s shopping centers. “In the outlet business, we look at back to school as a huge shopper holiday,” Chief Executive Officer Stephen Yalof said in an interview. “We have early back to school, much like everybody has early Christmas and holiday shopping.”
Tanger Sees Boost (ORG) World Cup (EVENT) School Shoppers Tanger Inc. (ORG) Stephen Yalof (PERSON)
Originally published by Bloomberg Markets Read original →