Tanger Factory Outlet Centers, Inc.
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| Tanger Factory Outlet Centers Inc. | |
|---|---|
| Type | Public (NYSE: SKT) |
| Founded | 1981 (listed 1993) |
| Headquarters | Greensboro, North Carolina |
| Key people | Stanley K. Tanger, Steven B. Tanger |
| Industry | Outlet malls |
| Net income | ▲ $37.1 million USD (2006) |
| Employees | 200 |
| Website | http://www.tangeroutlet.com |
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a real estate companies that owns the chain TangerOutlets (sometimes referred as the Tanger Mall), an outlet mall company headquartered in Greensboro, North Carolina.
The company derives its name from founder Stanley K. Tanger who in 1981 opened the Burlington Manufacturer's Outlet Center (BMOC) in Burlington, North Carolina.
The company operates as a REIT. In June 1993 it became the first publicly traded outlet 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 8.4 million square feet and consisted of more than 1,800 stores, representing about 380 store brands.[1] According to its website it had 150 million shoppers in 2006.[2]
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.
