Over the years, Tanger Factory Outlets has grown steadily into a leading outlet center landlord with a portfolio of 44 outlet centers in 22 states coast-to-coast and in Canada. Amazon), outlet centers continue to be a viable and profitable channel of distribution for retailers and manufacturers. Historically, outlet center occupancy levels have not been impacted to the same extent as other retail properties by bankruptcy and store closings. In fact, both Simon and Taubman have entered the outlet center business hoping to capitalize on the growing demand of the lower-cost retail channel. Simon currently owns 71 outlet centers (as per 3Q supplement) plus Clarksburg Premium that opened recently, including 3 that are owned with Tanger in a JV, and Taubman owns 2 outlet centers.

Source: Forbes December 05, 2016 16:09 UTC