Tanger watches outlet retail competition with equanimity

11/15/2011 | Wall Street Journal, The

Steven Tanger, president and chief executive of Tanger Outlet Centers, is sanguine as competitors enter his corner of the retail market. He has said that the outlet market in the U.S. could easily expand to 250 centers from its current 150 within a decade. REITs such as Taubman Centers, Macerich and CBL & Associates Properties have been moving into this area.

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