It's a bet Mr. Tanger has been making for years, even as online retail threatens to flatten every shopping center in America. Mr. Tanger's strongest rebuttal is that human beings will always prefer to buy some merchandise in person. During the lockdowns, Mr. Tanger suspected that his homebound customers were craving more than just shoe deals. By cutting executive pay, Mr. Tanger hoped to send a message to employees that "we are all in this together." Mr. Tanger's pandemic response isn't complete, of course.

Source: Bangkok Post July 10, 2020 23:37 UTC