Stanley K. Tanger (April 13, 1923 – October 23, 2010[1]) was an American businessman, philanthropist and pioneer of the outlet shopping industry. Tanger founded Tanger Factory Outlet Centers, which began with a single location in Burlington, North Carolina in 1981,[2] and now has 45 shopping centers throughout the United States and Canada as of April, 2015.[3] In doing so, he invented "the very concept of the outlet mall", according to the News & Record of Greensboro, North Carolina.[1] Tanger Outlets grossed $270 million in 2009.[1]
Biography[]
Tanger was the son of Harriette and Moe Tanger, who were from Wallingford, Connecticut. Tanger served as a pilot during World War II.[1] After World War II, Tanger began to run Creighton Shirtmakers, the family business in Reidsville, North Carolina.[1] Under Tanger, Creighton Shirtmakers expanded to five outlet stores.[1] Tanger soon organized other similar businesses and manufacturer outlets into a small, brand name outlet strip mall in Burlington, North Carolina in the early 1981.[1][2] The company, now known as Tanger Factory Outlet Centers, had since expanded to more than forty-one outlet centers in twenty-five U.S. states and four in Canada, as of April, 2015.[3] In 1993, Tanger Factory Outlet Centers became the first outlet developer to be publicly traded on the New York Stock Exchange.[1][2]
Real Estate by Inc. Magazine named Tanger as "Entrepreneur of the Year" in 1994.[2] Tanger remained chairman of Tanger's board of directors until his retirement from a daily role with the company on August 7, 2009.[4] He resigned as chairman of the board in September 2009,[4] but remained a member of Tanger's board of directors until his death in 2010.[2]
Tanger and his wife, Doris Tanger, a breast cancer survivor, [1] were local, North Carolina philanthropists. Much of Tanger's philanthropy focused on breast cancer awareness, including a one-million-dollar contribution to Moses Cone Health System's Regional Cancer Center in Greensboro.[1] Tanger also funded a variety of beautification projects throughout the city of Greensboro, including the creation and preservation of city parks, including the Bicentennial Gardens.[1]
Stanley Tanger, a resident of Greensboro, died of pneumonia on October 23, 2010, aged 87.[1] He was survived by his wife of sixty-three years, Doris Tanger, and his children and grandchildren. Tanger's funeral was held at Temple Emanuel, a Reform Judaism congregation in Greensboro.[1] His son, Steven, was named President and CEO of Tanger Factory Outlet Centers in January 2010.[1][4]
References[]
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 Lehmert, Amanda (2010-10-25). "Stanley Tanger, outlet industry pioneer, dies". News & Record (Greensboro). http://www.news-record.com/content/2010/10/24/article/stanley_tanger_outlet_industry_pioneer_dies. Retrieved 2010-11-11.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Outlet developer Stanley Tanger dies". The Business Journal. 2010-10-25. http://www.bizjournals.com/triad/news/2010/10/25/outlet-developer-stanley-tanger-dies.html. Retrieved 2010-11-11.
- ↑ 3.0 3.1 http://www.tangeroutlet.com/center/
- ↑ 4.0 4.1 4.2 Lavender, Chris (2010-10-25). "Founder of Tanger Factory Outlet Centers dies". Times-News (Burlington, North Carolina). http://www.thetimesnews.com/articles/tanger-38011-outlet-factory.html. Retrieved 2010-11-11.
The original article can be found at Stanley Tanger and the edit history here.