From Power Shopping to Place-Making: Tanger’s Stephen Yalof on the New Outlet Experience
Tanger is evolving its outlet center strategy beyond discount-focused shopping toward open-air lifestyle destinations that integrate food, wellness, entertainment and community experiences. The company's acquisition of The Town Center at Levis Commons in Ohio exemplifies this shift as it expands from traditional outlet retail into full-price lifestyle properties.
This story was produced through MarketScale. See how Retail teams put it to work with Sales Enablement.
Key takeaways
Outlet shopping is shifting from a focus on discounts to enhanced experiences.
Retailers are reinvesting in store experiences to attract consumers.
Outlet trips are becoming more of a comprehensive visitor experience.
For decades, the outlet trip had a familiar rhythm: get in the car, drive beyond the city, hunt for deals and come home with bags full of discounted finds. But that old model is giving way to something more layered. As retailers reinvest in store experiences to give consumers more reasons to visit, outlet centers are being reimagined as open-air destinations where food, wellness, entertainment and discovery sit alongside the promise of value. Tanger’s recent acquisition of The Town Center at Levis Commons in Perrysburg, Ohio — its fourth open-air lifestyle center — puts that strategy into focus. For a company founded in outlet retail 45 years ago, the move signals how Tanger is expanding its portfolio, from refreshed outlet centers to full-price lifestyle destinations.
What happens to the outlet model when shoppers still want value, but also expect food, entertainment, discovery and community?
In this episode of Retail Refined, host Melissa Gonzalez speaks with Stephen Yalof, President and Chief Executive Officer of Tanger. Their conversation explores how Tanger is “lifestyling” its outlet centers, why food, beverage, wellness and entertainment are becoming central to the shopping experience, and how recent acquisitions — including Town Center at Levis Commons in Ohio — reflect Tanger’s broader vision for open-air retail.
What you’ll learn…
Stephen Yalof is the President and Chief Executive Officer of Tanger, where he leads a portfolio of outlet and open-air lifestyle centers across the United States and Canada. He has spent his career at the intersection of retail and real estate, with leadership roles at Simon Premium Outlets, Ralph Lauren and Gap. He also serves as a Trustee of the International Council of Shopping Centers and sits on advisory boards for the Real Estate Roundtable and George Washington University’s Center for Real Estate Studies.
Article written by MarketScale.
About the author
Industry-recognized influencer, leader, and storyteller in Retail. Lead Retail Industry Contributor at MarketScale. Principal at MG2 Design. Host of "Retail Refined" Podcast. As a global brand and retail experience disruptor, Melissa possess strong proficiency in consumer insights, experiential design, retail technology integration, and brand innovation. During her career, she have created powerful visual narratives through physical spaces, imprinting complex concepts and ideas to consumers in genuine, tactile, and persuasive manners. She have also served as a consumer engagement trendsetter, “pop-up” industry pioneer, and entrepreneur. Melissa founded and launched a consumer experiential design firm that achieved a successful exit, driving initial client wins, monetization, and exponential revenue growth. "Melissa brings both her industry knowledge and an approachable and educational point of view to her interviewing skills. With an authentic style, she facilitates an engaging dialogue, one where listeners can walk away from with tangible insights and thought provokers!" -Jeffrey Roseman, Vice Chairman of Retail at Newmark "What sets Melissa apart is her ability to cut through the noise and provide actionable insights. Whether you’re a store owner looking to revamp your space or a tech enthusiast curious about the next big thing in retail, you’ll find tangible ideas to build on. From seasoned designers to pioneering tech gurus - ensuring that listeners are always engaged with diverse and forward-thinking perspectives. Retail Refined doesn’t just skim the surface; it dives deep into topics that matter. If staying ahead of the retail curve is important to you, start here." -Nate Frazier, Chief Operating Officer of GNC
