Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Cyber Monday sales set record

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...

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Tanger buys controlling stake in Deer Park outlet

Tanger Outlets in Deer Park opened on Oct.

(Credit: Alexi Knock)

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...

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