Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
Rising costs have impacted nearly every industry, including the retail sector. Shoppers looking for some spending reprieve might find what they're looking for at shopping outlets. Stephen Yalof, Tanger Outlets CEO, joined Cheddar News to talk about consumer spending trends. "What's interesting about our space is that we're seeing more customers now come into the outlet space because its an opportunity for them to buy brands at everyday value pricing and I think that's a big trend for the consumer right now," he said.
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.
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