Tanger CEO Stephen Yalof reports that consumer traffic and sales have risen across the company's outlet portfolio since the beginning of 2026. Tanger's first-quarter Core FFO reached $0.59 per share, up 11% from the prior year, with occupancy at 97% and sales productivity of $482 per square foot. Revenue came in at $150.42 million, ahead of estimates, while net income rose 53.21% to $29.4 million. Yalof highlighted Gen Z as a key driver of physical retail, treating outlet shopping as group entertainment and favoring brands like Coach and Ralph Lauren. U.S. retail sales hit a 12-month high of $763,705 million in May 2026, even as the University of Michigan consumer sentiment index fell to 49.8, deep in recessionary territory.
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