Tanger
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We're seeing a lot of shopper traffic in summer 2025, says Tanger CEO
CNBC Television· 2025-08-05 16:26
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]
Wall Street Rallies as S&P 500 Jumps 1.5% | Closing Bell
Bloomberg Television· 2025-08-04 20:31
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Scarlet Fu taking you through to that closing bell with a global simulcast. It starts now.Carol Massar in the radio booth Matt Miller in today for Tim Stenovec as we welcome our audiences across all of our platforms television, radio and our partnership with YouTube, a phenomenal day. Carol Massar was a recoup some of the phenomenal losses from last Friday. It's kind of amazing because Friday, I mean, it just felt ...