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'Everybody's looking for value': Tanger CEO on consumer spending

Madison Mills and Brian Sozzi

Shares of Tanger (SKT) are trading higher after the company reported strong first quarter growth and increased its 2024 full-year guidance. Tanger CEO Stephen Yalof joins Catalysts to discuss the state of consumer spending and how Tanger continues on its path of growth.

Yalof explains that "everybody's looking for value," and points to shopping outlets' ability to mark down prices almost daily as a unique advantage that attracts and retains customers.

He also tells Madison Mills and Brian Sozzi that Tanger is expanding outside retail stores. The company is introducing more dining, entertainment, and fitness options to keep its customers returning.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl