Tanger Inc. - SKT STOCK NEWS

Tanger Factory Outlet Centers (NYSE: SKT) has appointed Deanna Dancy as Vice President of Field Marketing, effective immediately. Dancy, who has over 25 years of experience in the real estate industry, previously served as Senior Vice President at Simon Property Group. Her role at Tanger will focus on developing marketing strategies to enhance traffic, sales, and profitability at Tanger locations through various promotional avenues. The company also announced seven internal promotions within its marketing and operations teams.

Tanger Factory Outlet Centers (NYSE: SKT) announced a partnership with Delivering Good to aid families in need this holiday season. They will sell limited edition "Goodness Gives" beanies at Tanger centers across the U.S. for $15, with $10 from each sale going to Delivering Good. Additionally, Tanger is donating at least 1,000 hats to various nonprofit partners. This initiative aims to support those impacted by poverty, particularly during the COVID-19 pandemic, and underscores Tanger's commitment to corporate social responsibility.

Tanger Factory Outlet Centers (NYSE: SKT) has partnered with LugLess to facilitate holiday shopping by allowing customers to ship purchases directly from stores to any domestic address. This service, called Shop. Ship. Smile, aims to enhance the overall shopping experience by eliminating the need for additional trips to the post office. Launching at the National Harbor location on November 20, 2020, the program offers complimentary shipping supplies and personalized letters for gifts, showcasing a commitment to innovative customer service.

Tanger Factory Outlet Centers (NYSE: SKT) announced that its management team will present at the Nareit's REITworld 2020 Virtual Annual Conference on November 18th at 8:45 am EST. Registration for the conference is complimentary and available on the REITworld website. Additionally, the latest management presentation can be accessed on Tanger's Investor Relations website.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has kicked off the holiday shopping season with exclusive sales running throughout November. The company aims to enhance customer experiences while ensuring safety amid the pandemic. Highlights include a 20% off promotion, the Pre-Thanksgiving Merry Sale, a $5,000 holiday shopping package giveaway, and Super Sale Days during Thanksgiving week. A new virtual Santa experience will also be available from November 13 to December 26, offering gift cards for participants. For more details, visit www.tangeroutlets.com.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) reported Q3 2020 financial results, highlighting a net income per share of $0.14, down from $0.25 in Q3 2019, due to COVID-19 impacts. Rent collections improved to 89% of billed amounts. The company has $640 million in liquidity, with 99% of stores reopened. Third-quarter funds from operations (FFO) were $0.44 per share, down from $0.58 YoY. The occupancy rate was 92.9%, declining from 95.9% a year prior. Dividend distributions were suspended to conserve cash amid ongoing pandemic uncertainties.

Tanger Factory Outlet Centers (NYSE: SKT) has published its 2019 Corporate Responsibility Report, showcasing significant achievements in environmental, social, and governance (ESG) practices. Key highlights include a 5.7% reduction in greenhouse gas emissions at stable centers and an 11.4% decrease since 2016. Over 30% of its centers have received LEED Gold certification. The company reported that women represent 87% of field employees and 53% of the Executive Leadership Team. In charitable initiatives, Tanger contributed over $1.2 million in 2019, totaling more than $20.4 million since 1994.

Tanger Factory Outlet Centers (NYSE: SKT) announced its participation in the Civic Alliance, a non-partisan coalition aimed at promoting safe elections. The company will support the Power the Polls initiative to recruit poll workers, encouraging employees to volunteer with paid time off. This effort aligns with Tanger's commitment to civic engagement, including a recent partnership with HeadCount to facilitate voter registration at its locations. Tanger emphasizes the importance of voting and civic participation ahead of the November election.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has appointed Leslie Swanson as Executive Vice President of Operations, effective immediately. Swanson will oversee Tanger's outlet portfolio, enhancing operational strategies and driving revenue opportunities. Reporting directly to Stephen Yalof, President and COO, she brings over 25 years of experience in shopping center management, notably achieving eight consecutive years of NOI growth at Simon Premium Outlets. Swanson expressed excitement about leveraging her expertise to foster growth and operational efficiencies at Tanger.