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Despite low confidence, consumer spending is resilient, positively impacting SKT's outlet sales.
What happened, with direct paths to the underlying reporting
U.S. consumers are shopping this holiday season despite low confidence levels. Tanger CEO noted strong holiday traffic and retailer discount strategies. In-store shopping generated 73% of sales, suggesting resilience in physical retail. Consumer confidence fell to 89.1, indicating anxiety over high prices. Retailers are optimistic about demand continuing into 2026.
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