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Tanger Factory Outlets

Website: http://www.tangeroutlet.com

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Tanger Factory Outlet Centers, Inc., is a publicly-traded Real Estate Investment Trust headquartered in Greensboro, NC. It presently operates and has ownership of a portfolio of 33 upscale outlet shopping centers in 22 states coast to coast, totaling approximately 10.2 million square feet leased to over 2,100 stores operated by more than 375 different brand name companies.

More than 160 million shoppers visit Tanger Outlet Centers annually. The company says nearly 70% of shoppers at its outlets are women age 25-54.

Some of the brands found at Tanger Outlets are Banana Republic, Coach, Gap Outlet, Nike, Old Navy, Polo Ralph Lauren, Tommy Hilfiger and more.

For 2009, Tanger reported revenues of $271.6 million and net income of $67.4 million.

Tanger says it has 186 full-time employees, located at corporate headquarters in North Carolina, its regional office in New York and our 31 business offices. It also employs 221 part-time employees at various locations.

History

In 1981, Stanley Tanger (1923-2010) pioneered the Outlet Industry by building the country’s first authentic outlet shopping center in Burlington, NC. This was not only the beginning of Tanger Factory Outlet Centers, Inc., but also of a thriving retail venue – the Outlet Industry, which has grown to hundreds of outlet centers worldwide today.

Steven Tanger (current President and Chief Executive Officer as of 2009) joined forces with his father Stanley in 1986 as the company’s fourth employee. Under their leadership, the company prospered and grew to 13 outlet centers by 1992. Then, in 1993 Tanger led the way again by becoming the first outlet center developer to be listed on the New York Stock Exchange as a publicly traded Real Estate Investment Trust (REIT).

Benefits

Tanger Factory Outlet Centers, Inc. offers a comprehensive benefits program, including: Group Medical & Dental Coverage, Life Insurance Coverage, 401K & Section 125 Plans, Health Care & Dependent Care Flexible Spending Accounts; Paid Holiday, Vacation & Sick Time, Short Term & Long Term Disability Insurance Coverage and an Educational Assistance Program.

Updated November 25, 2010