Tanger CEO on consumer demand: Customers are very resilient and looking to spend

Consumer Confidence and Spending Trends - December consumer confidence data shows the fifth consecutive month of declines, reaching the lowest level since April [1] - Despite declining confidence, overall consumer spending is reported to be 4% higher than last year, indicating resilience among consumers [1] Holiday Spending Insights - The National Retail Federation (NRF) projects holiday spending to exceed one trillion dollars for the first time, highlighting a significant milestone [3] - Retail traffic in shopping centers remains strong, with full parking lots and active customer engagement observed [3] Retailer Strategies and Consumer Behavior - Retailers are discounting products to align with consumer expectations, leading to increased shopping activity [4] - Consumers are showing a preference for aspirational brands, purchasing items that may typically be above their price point but are available at value prices [6] Brand Performance - Notable brands such as Ralph Lauren, Gap, Kate Spade, Michael Kors, Coach, and Tory Burch are performing well in the current market [6]