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18.02.2021 17:45:00

Shoppers Are Flocking to Tanger Factory Outlet Centers

The pandemic isn't over yet, but shoppers at Tanger Factory Outlet Centers' (NYSE: SKT) properties are acting like it is. The outlet center operator's fourth-quarter report was full of good news and signs that the company is on a clear path to recovery.Tanger suffered during the worst of the pandemic last year as retail stores were shut down due to the pandemic. Tanger allowed tenants to defer some rents, and other rents due will never be collected due to tenant bankruptcies. At the same time, traffic was down even after stores reopened as shoppers avoided brick-and-mortar stores.Image source: Getty Images.Continue reading
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