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Tanger Outlets history
Tanger Outlets company history timeline
The first outlet center opened in North Carolina in 1981: a 50,000-square-foot project at the Burlington Manufacturer's Outlet Center.
The city of Stroud, Oklahoma, for example, with a population of slightly more than 3,000, saw its sales tax revenue nearly triple after a Tanger mall opened there in 1992.
The company had added 50 percent to its base square footage in 1992 alone, reaching a total of about 1.5 million square feet of real estate.
Also in 1994, the Terrel, Texas center, located on the interstate 30 miles from Dallas, became the second Tanger center in that state, and the Locust Grove center was the second to be built in Georgia.
Expansion continued into 1994, when Tanger added six new centers to its portfolio.
1995: Tanger introduces its 30-day lowest price guarantee and concludes a period of rapid growth.
The strategy kept the company's revenues growing at a steady rate even as REIT stock prices fell in 1998.
In April 1999 the REIT stock sector was boosted when investor Warren Buffett bought a 5 percent stake in Tanger.
The company completed 216,000 square feet in expansions in 2000.
Tanger reported continued growth for the first quarter of 2002.
2002: Tanger has 29 outlet centers in 20 states.
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Tanger Outlets competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Macerich | 1964 | $918.2M | 670 | 46 |
| Forest City Realty Trust | 1920 | $911.0M | 1,548 | - |
| Simon Property Group | 1993 | $6.0B | 3,300 | 201 |
| Sears Holdings | 2005 | $1.4B | 85,000 | 750 |
| PREIT | 1960 | $432.7M | 233 | 1 |
| Kimco Realty | 1958 | $2.0B | 484 | 27 |
| Taubman | 1950 | $661.1M | 420 | - |
| Rite Aid | 1962 | $24.1B | 50,000 | 1 |
| Acadia Realty Trust | 1998 | $359.7M | 100 | 15 |
| Federal Realty Investment Trust | 1962 | $1.2B | 313 | 18 |
Tanger Outlets history FAQs
Zippia gives an in-depth look into the details of Tanger Outlets, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tanger Outlets. The employee data is based on information from people who have self-reported their past or current employments at Tanger Outlets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tanger Outlets. The data presented on this page does not represent the view of Tanger Outlets and its employees or that of Zippia.
Tanger Outlets may also be known as or be related to TANGER FACTORY OUTLET CENTERS, INC, Tanger Factory Outlet Centers, Tanger Factory Outlet Centers Inc., Tanger Factory Outlet Centers, Inc. and Tanger Outlets.