U.S. shoppers are willing to spend this holiday season — despite falling consumer confidence and anxiety over prices — but only if the deals are there, Tanger CEO Stephen Yalof told CNBC on Tuesday."Retailers are discounting to meet the consumer, and the consumer is responding by shopping," Yalof said on CNBC's "Money Movers." Yalof said Tanger tries to offer shoppers access to premium brands at prices that feel consistently compelling. Retailers across the company's outlet portfolio leaned heavily into pro ...

Core Insights - The retail sector is experiencing brisk demand, with Tanganger reporting record leasing volume, indicating strong interest in retail space [1] - There is a bifurcated economy, with some consumers facing challenges, yet many brands continue to expand and seek new locations [2] - Retailers are primarily focused on a one-year outlook for traffic and sales, with ongoing deals for future years [3][4] Consumer Behavior - Value has become increasingly important for consumers, especially in the outlet channel, where everyday sales resonate well with shoppers [5] - Younger consumers are being attracted to brands that offer products priced below inflation, enhancing their appeal [6] Retail Forecast - Key metrics for forecasting the holiday season include stock levels and staffing in stores, with current observations showing stores are well-stocked and staffed [7][8] - Despite potential economic challenges, there is optimism for continued consumer spending, with the National Retail Federation projecting an increase in spending compared to last year [9]

Core Insights - Tanger reported strong third-quarter performance, leading to an increase in guidance for 2025, driven by sales momentum, recent property acquisitions, and a diversified tenant mix [1][6] - The company is optimistic about the holiday outlook, indicating robust tenant demand and record leasing volume [2][5] Financial Performance - For the third quarter ended September 30, net income available to common shareholders was $31.8 million, or 28 cents per share, compared to $24.6 million, or 22 cents per share, in the prior year [2] - Funds from operations (FFO) available to common shareholders was $71.1 million, or 60 cents per share, up from $62.7 million, or 54 cents per share, in the prior year [3] - Tanger raised its guidance for diluted FFO per share to $2.28 to $2.32, from a previous forecast of $2.24 to $2.31 [3] Operational Highlights - Occupancy rate was 97.4% as of September 30, 2025, compared to 96.6% on June 30, 2025, and 97.4% on September 30, 2024 [10] - Average tenant sales per square foot increased to $475 for the 12 months ended September 30, 2025, compared to $465 for the 12 months ended June 30, 2025, and $438 for the 12 months ended September 30, 2024 [11] Strategic Initiatives - The company launched everyday Black Friday sales on November 1, promoting them through various channels to drive early customer engagement [4] - Tanger remains active in the acquisitions market, having added three lifestyle centers and three outlet centers in the past couple of years [6][7] - The acquisition of Legends Outlets for $130 million was completed, with expectations of an 8% return in the first year [8][9]