Reported 2 months ago
In a recent discussion following Tanger Outlets' earnings report, CEO Stephen Yalof highlighted that 97% of Gen Z still prefers shopping in physical stores. He noted the attractiveness of mid-range brands like Gap and Old Navy during high inflation periods, emphasizing that while online shopping is popular, consumers appreciate the in-store experience for its social and enjoyable aspects. Yalof also mentioned that Tanger is adapting its spaces to align with changing consumer preferences.
Source: YAHOO