By  on December 19, 2012

So what if the country is over-stored and over-malled. Outlet centers are a different animal, and Steven B. Tanger sees a big future for the format.


“There could be as many as 100 new centers in the U.S. in the next 10 years,” Tanger, the president and chief executive officer of Tanger Factory Outlet Centers Inc., told WWD. That’s on top of the 150 outlet centers currently operating in the U.S., totaling about 55 million to 60 million square feet, which, as Tanger suggested, is a mere speck on the overall 7.3 billion square feet of shopping center space in the U.S.

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