In this episode of the Matthews Mentality Podcast, we sit down with Stephen Yalof, CEO of Tanger, to discuss his journey from transactional real estate to leading a major retail company. Stephen shares valuable insights on leadership, the importance of trust within a team, and the evolution of the retail industry post-COVID. From his early days influenced by his father’s career at Macy’s, to his significant roles at Gap and Ralph Lauren, and eventually his transition to CEO during a global pandemic, Stephen offers a wealth of experience and knowledge. Listeners will also hear about Tanger's innovative use of customer data and AI to stay ahead in the retail market, and the future of shopping centers in an evolving consumer landscape. This episode is packed with practical advice for young professionals and seasoned executives alike.
00:00 Introduction
01:31 Welcome to the Podcast
01:45 Stephen's Background and Career
04:44 Insights on the Retail Industry
07:14 Leveraging Data and AI in Retail
14:28 Stephen's Early Life and Influences
17:44 Career Journey and Key Successes
29:08 Transitioning to Management
29:30 Taking on European Business
30:03 Building and Managing a Team
30:36 Overcoming Adversity in Career
31:11 Challenges of Letting Go
34:07 Scaling and Trusting the Team
35:50 Becoming CEO of Simon and Tanger
37:56 Navigating COVID-19 Challenges
40:58 Adapting to New Retail Realities
41:55 Personal Drivers and Motivations
45:57 Advice for Young Professionals
50:57 Best Career Advice Received
53:07 Valuable Resources and Hobbies
57:04 Conclusion and Final Thoughts
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