Tanger Inc. Named 2024 Retailer of The Year by The NC Retail Merchants Association

RALEIGH, NC (April 22, 2024) – Tanger Inc. has been named 2024 Retailer of the Year, one of two leading businesses to receive the honor from the North Carolina Retail Merchants Association (NCRMA). The awards were presented during NCRMA’s Annual Retailer of the Year awards dinner at the Proximity Hotel in Greensboro on April 18th.

In 1981, Stanley Tanger founded what became Tanger Factory Outlet Centers and shaped the course of a new industry by opening the first strip center with brand name factory outlet stores in Burlington, North Carolina.

Now, over 40 years later, Tanger Factory Outlet Centers is simply Tanger Inc., and their portfolio includes 38 outlet centers, one adjacent managed center, and one open-air lifestyle center with over 15 million square feet across 20 US states and Canada. Tanger centers represent over 3,000 stores operated by more than 700 different brand name companies.

North Carolina is home to two of those centers, one in Asheville and one in Mebane, and Tanger is also a joint venture owner of the Premium Outlets in Charlotte. More importantly, with the significant growth and success the company has seen over the years, Tanger has remained firmly rooted in North Carolina with its corporate headquarters in Greensboro where they employ more than 100 team members.

“While Tanger may not be the quintessential retailer we usually recognize with this award, there certainly isn’t a better representative of how retail can drive an economy and support a community,” said NCRMA President and General Counsel Andy Ellen.

In addition to supporting their retail partners, Tanger has established themselves as a forward-thinking company focused on creating long-term value for their stakeholders, supporting their employees, and building strong communities while considering the future of our planet.

Through programs such as TangerKids and Hometown Heroes, Tanger has collectively delivered close to $4 million during the past 25+ years to support students, teachers, and those who protect and serve our communities. Meanwhile, TangerPink has brought together their team members, retail partners, and shopping center guests to raise nearly $19 million since 1994 to fight breast cancer.

Tanger is committed to creating and sustaining a company culture that mirrors the diverse experiences, perspectives and viewpoints of their people, partners, and communities. Tanger has also shown their commitment to minding their environmental impact by taking steps to mitigate climate change through embedding energy efficiency and sustainability measures in center operations, new center development, and retailer partnerships.

“Tanger’s spirit of innovation, expertise, and commitment to excellence for their people, their communities and the environment leave no question as to why they are more than deserving of being recognized as a 2024 NCRMA Retailer of the Year,” Ellen concluded.

Along with Tanger Inc., Carolina Pharmacy was also honored as a 2024 Retailer of the Year.

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About Tanger Inc.

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 30 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. For more information on Tanger, call 1-800-4TANGER or visit the Company’s website at www.tanger.com.

About the North Carolina Retail Merchants Association

The North Carolina Retail Merchants Association (NCRMA) is a nonprofit trade association organized in 1902 to improve the business climate for retailers in North Carolina. Over 100 years later, NCRMA remains the voice of the retail industry for North Carolina. NCRMA represents the interests of individual merchants before the General Assembly and serves as a vital link to state government. Its credibility lies in its longevity and commitment to serving the ever-changing needs of its members. The Association’s membership includes more than 25,000 stores from across the state whose business represents 75 percent of North Carolina’s retail sales volume.  NCRMA serves both large and small retailers from multi-state chains to local “mom and pops” and all types of merchants including antique, apparel, art, automotive, book, carpet, department, drug, electronics, floral, furniture, grocery, hardware, jewelry, paint and variety stores. For more information, visit www.ncrma.org.

Tanger Inc. was named 2024 Retailer of the Year by NCRMA. Tanger was represented at the awards dinner by (L-R), Justin Edwards – SVP, Enterprise Operations; Sarah Joplin – VP, Capital Markets; Stephen Yalof – President & CEO; Josh Cox – SVP, Tax; Jennifer Himes – VP, Associate Counsel; and Kristine Kelly – VP, Associate Counsel. Andy Ellen (far right), NCRMA president and general counsel, presented Tanger with the award.