Tanger CEO: Holiday Shopping Strong, Consumers Willing to Spend
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- Holiday Shopping Trends: Tanger CEO Stephen Yalof noted that despite declining consumer confidence, U.S. retail spending rose 4.2% year-over-year during the holiday season, indicating strong consumer willingness to shop under promotional conditions, reflecting market resilience.
- Effective Promotional Strategies: Tanger's outlet centers leveraged heavy promotions to attract customers, ensuring sustained traffic and sales during the holiday season, demonstrating retailers' ability to effectively meet consumer demands amid high price pressures.
- Shifting Shopping Methods: According to preliminary data from Visa, in-store shopping accounted for 73% of spending during the holiday season, while online sales grew by 7.8% year-over-year, showcasing consumers' diverse shopping preferences.
- Optimistic Future Outlook: Yalof anticipates strong retail demand continuing into 2026, emphasizing brands' focus on physical stores, indicating that retailers remain confident in the prospects of brick-and-mortar retail amidst ongoing consolidation.
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Analyst Views on SKT
Wall Street analysts forecast SKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKT is 36.89 USD with a low forecast of 33.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 32.910
Low
33.00
Averages
36.89
High
40.00
Current: 32.910
Low
33.00
Averages
36.89
High
40.00
About SKT
Tanger Inc. is an owner and operator of outlet and open-air retail shopping destinations, with expertise in the retail and outlet shopping industries. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlets and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company operates about 38 outlet centers, one adjacent managed center and three open-air lifestyle centers comprising over 16 million square feet positioned across tourist destinations and markets in 21 United States (U.S.) states and Canada. It offers over 3,000 stores operated by more than 700 different brand name companies. Its consolidated outlet centers include Tanger Outlets Deer Park, Tanger Outlets Riverhead, Tanger Outlets Foley, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Tanger (SKT) Declares $0.2925 Quarterly Dividend with 3.49% Yield
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