Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Online spending from desktop computers on Cyber Monday set a record high, reaching $1.735 billion and marking the second day to pass $1 billion in sales this holiday shopping season, according to comScore, a firm that measures and analyzes online consumer behavior.
Despite weeks of discounts both online and in stores, consumers shopped heavily online on Cyber Monday, a daylong holiday shopping...Read more »
Tanger Factory Outlet Centers Inc. has increased its ownership stake in the Tanger Outlet at Deer Park, the company announced.
The Greensboro, N.C.-based real estate investment trust bought the one-third interest in the Deer Park location from Syosset-based Blumenfeld Development Group for $13.4 million in cash and 450,576 Class A shares of Tanger stock. The deal was worth about $27.46 million...Read more »