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Tanger Factory Outlet Centers has grown its occupancy to 97.2 percent as of June, with even more shoppers expected to hit the outlets this month for back-to-school shopping. Tanger Outlets (SKT) CEO Stephen Yalof joined Yahoo Finance Live to discuss the state of the consumer and the economic outlook for the outlet shopping industry as part of the weekly series "Retail Evolution: The New Era." Yalof said, "Outlet centers are a value shopping experience for people that are looking to buy brands at the best possible price. And in this environment right now, that's what the customer is looking for." With regard to luxury brands, Yalof added, "Our customer is an aspirational customer ... they're looking to buy into these brands that they may have never had an opportunity to buy into before ... we see part of the outlet narrative not only providing great value to shopper, but giving the retailer access to a whole new customer that they never saw before." #outlet #shopping #youtube Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV