Tanger (SKT) CEO: ‘Aspirational Consumer’ Driving Retail Resurgence
Schwab Network · Schwab Network
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Show Notes
Stephen Yalof, CEO of Tanger (SKT), previews the trends to watch in holiday shopping. Tanger is a outlet mall chain with 41 shopping centers in North America; Stephen says consumer sentiment is rising and they saw strong traffic in November. “We’ve got an aspirational customer” that wants value, he says, “Gap is having a great resurgence,” along with J. Crew and similar retailers. He shares some of the strategies shopping centers use to attract and retain customers, as well as coax higher spend.
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