We're seeing a lot of shopper traffic in summer 2025, says Tanger CEO

Financial Performance - Tanganger shares increased by 4.7% following revenue estimates beat and raised full-year guidance [1] - Tanganger is regaining occupancy after a decline in the last quarter [1] Consumer Shopping Trends - Consumers are seeking value and the best price, especially in the outlet portfolio [3] - Back-to-school shopping is considered the second biggest shopping holiday of the year [3] - Early back-to-school selling was initiated to drive customer traffic [8] - Customers are resilient to tariff increases [7] Retail Strategy & Operations - Retailers are being promotional, especially with back-to-school sales and tax-free week promotions [3][4] - Pricing is a function of inventory, with nimble retailers having sufficient stock [6][7] - Tanganger is focusing on replacing underperforming retailers with new ones, renewing only about 85% of retailers compared to 95% in the past [11][12] - Tanganger is diversifying its offerings with more food, beverages, restaurants, experiences, services, and grocery options to attract customers [10] - Tanganger's occupancy rate is 96.6% [10]