Wall Street has walloped the retail industryduring the much-hyped “retail apocalypse,” and the country’s two biggest operators of outlet centers—Simon Property Group and Tanger Factory Outlet Centers—have not been spared.
However, some observers think outlet centers—and the REITs that own them, like Simon, Tanger, Macerich and Taubman Centers—don’t belong in the same cart as regional malls. That’s not to say, though, that outlet centers are immune to some of the challenges haunting the retail sector.. . . more