Sunday, October 19, 2008

Tangers Outlet Centre

When we left the Titanic, it was like we were in the North Atlantic with the amount of rain that was falling (this was the only time it rained during our vacation) so we though that we would use the opportunity to see if we could pick up a bargain or two from some of the 65+ stores at the Tangers Outlet Centre. Stanley Tanger developed the idea of factory outlet shopping centres to sell-off manufacturers' overstock in 1981 & began construction 50,000 sq feet Burlington Manufacturer's Outlet Center (BMOC) off Interstate 85 in Burlington, NC. In 1993, Tanger became the first outlet centre developer to be listed on the New York Stock Exchange as a publicly traded Real Estate Investment Trust & in 1995 he implemented a money-back low price guarantee program for customers where they receive a difference in price cash refund if a consumer finds the same brand name product for less anywhere other than Tanger.