The latest Tanger Outlet Center, number 43 in their national chain, measures a whopping 330, 000-square-foot center and will be home to more than 80 retailers.
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Steven Tanger was present to cut the ribbon on the brand new and highly imposing Tanger Outlet Center which opened for business last weekend, with considerable fanfare.
The latest Outlet Center in the Tanger Chain is located in Prince George’s County in Maryland, within a short car ride from Washington, D.C. , on the banks of the Potomac River looking across the water to the city of Alexandria in the state of Virginia.
Among the retailers represented at the new center are Banana Republic, Brooks Brothers , Calvin Klein, Coach, H&M, Michael Kors, Tommy Hilfiger and White House Black Market among many others.
The latest Tanger development was put together at a cost of over $100 million, with 340, 000-square-foot of shopping, backed up a 6, 000-space parking lot was full, capable of providing shopping comfort for the up to 100, 000 shoppers that are liable to converge on the center in search of bargains.
Local council officials are excited about the obvious financial benefits that the anticipated flood of visitors liable to converge on the center, especially over the weekends and public holidays, as well as the fact that the Tanger Center has already created close to one thousand jobs for the region
Steven Tanger, CEO of Tanger Factory Outlet Centers Inc. is the son of the late founder Stanley Tanger and has been involved in the family business since completing his university education, first gaining a Bachelor of Science degree in Business Administration from the University of North Carolina at Chapel Hill, later going on to earn his masters at the Stanford University School of Business Executive Program.
Tanger has been CEO of the company since January 2009, taking over from his father when he stood down. Previous to that, Steven Tieger held the post of Director, President and later Chief Operating Officer at Tanger Factory Outlet Centers Association.
Steven Tanger / Getty
Stanley Tanger opened the first Tanger Factory Outlet Center in 1981, in the town of Burlington, North Carolina, and gradually became recognized as one of the driving forces behind the concept of the outlet mall.
After being released from the American Air Force at the end of World War I, Tanger returned home to the family home in Reidsville, North Carolin, taking over the management of the family business, Creighton Shirtmakers. Under his dynamic operation, Creighton Shirtmakers began to gradually expand, opening a series of five outlet stores, initially only marketing shirts made in the company’s factory. Soon Stanley Tanger introduced other compatible business to his concept, which eventually evolved into the first Tanger Factory Outlet Center.
The first Tanger Factory Outlet Center proved to be an outstanding success and led to dramatic expansion, Tanger Factory Outlet Centers, as they had been renamed, becoming the first retail outlet development company to be publicly traded on the New York Stock Exchange just twelve years later.