When you visit a factory outlet center

When you visit a factory outlet center, you will find perhaps 25 to 100 outlet stores offering an extensive selection of merchandise from leading product designers and manufacturers. Many outlet centers also feature restaurants, food courts, and gourmet food shops.

Outlet shopping has grown nationwide, and people travel long distances to take advantage of top-shelf products and designer label clothing at a fraction of the suggested list price. In fact, outlet shopping has become so popular that an outlet center is often a destination in and of itself, and not just something to visit on a rainy day. Some people even plan long weekends and vacations around outlet shopping!

A typical outlet store sells quality products at discount prices, direct from the manufacturer. You will usually find men's, women's, and children's clothing, shoes, and accessories, as well as home appliances and home decor products. In addition to these popular personal and home consumer goods, more specialized outlet stores feature everything from hair accessories to equipment for outdoor enthusiasts!

In addition to periodic sales, outlet stores offer top-quality, in-season merchandise at discount prices every day of the week. While the product selections and prices may vary from those found in normal retail stores, the merchandise often consists of overstocks sold for a fraction of what you would pay elsewhere.

Factory Outlet Shopping features information about individual outlet malls and their outlet stores located throughout the United States. Many of these stores are located near popular tourist attractions and travel destinations, and vacationers often take the opportunity to shop for bargains during their vacations, perhaps on a rainy day when shopping is more fun than sightseeing!

Tanger Factory Outlet Centers

Tanger Factory Outlet Centers operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers.

As of September 30, 2005, Tanger owned and operated 33 factory outlet centers in 22 states totaling 8.7 million square feet of gross leasable area. It also provides development, leasing, and management services for its outlet centers. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to Federal income taxes provided it distributes at least 90% of its taxable income to its shareholders. Tanger Factory Outlet Centers was founded by Stanley K. Tanger in 1981.

The company is headquartered in Greensboro, North Carolina. With 31.62 million shares outstanding and 6.86 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SKT. According to quarterly data provided by the SEC, there were still 353,923 shares of SKT that were failing-to-deliver as of January 29, 2008.