Outlet store

An outlet store, factory outlet or factory shop is a brick and mortar or online store in which manufacturers sell their stock directly to the public. Traditionally, a factory outlet was a store attached to a factory or warehouse, sometimes allowing customers to watch the production process such as in the original L.L. Bean store. In modern usage, outlet stores are typically manufacturer-branded stores such as Gap or Bon Worth grouped together in outlet malls. The invention of the factory outlet store is often credited to Harold Alfond, founder of the Dexter Shoe Company.

History

Outlets first appeared in the eastern United States in the 1930s. Factory stores started to offer damaged or excess goods to employees at a low price. After some time, the audience expanded to include non-employees. In 1936, Anderson-Little (a men’s clothing brand) opened an outlet store independent of its existing factories. Until the 1970s, the primary purpose of outlet stores was to dispose of excess or damaged goods.

In 1974, Vanity Fair opened up the first multi-store outlet center in Reading, Pennsylvania. Throughout the 1980s and 1990s, outlet malls grew rapidly in the United States. A typical outlet mall in the U.S. is opened with between 100,000 to 200,000 square feet (about 1 to 2 hectares) of retail space. This can gradually increase to 500,000 to 600,000 feet (around 5 hectares). The average outlet mall has an area of 216,000 square feet.In 2003, outlet malls in the U.S. generated $15 billion in revenue from 260 stores.

The number of U.S. malls increased from 113 in 1988 to 276 in 1991 and to 325 in 1997 and 472 in 2013.

Outlet malls are not an exclusively American phenomenon. In Canada, the Dixie Outlet Mall dates from the late 1980s, and was followed by Vaughan Mills in 1999, and Toronto Premium Outlets in 2013. In Europe, retailer BAA McArthurGlen has opened 13 malls with over 1,200 stores and 3 million square feet (about 30 hectares) of retail space; describing itself as an “outlet village”, Bicester Village, on the edge of the town of Bicester in Oxfordshire in England, is a regular stop for bus-tours of foreign tourists, especially from China. Stores have also been emerging in Japan since the mid to late 1990s.

Difference between factory outlet and outlet store

At factory outlets, the products sold are from one brand only. Manufacturers who sell only their own products at a reduced price run factory outlets. On the other hand, retailers run outlet stores, and various brands are sold there.

Factory outlets have been around longer than outlet stores and were typically built next to the factories where the products were manufacture

6 Responses to Outlet store

  1. slot gacor hari ini says:

    Selamat Datang Di Situs BONANZA138, Judi Online terlengkap dan terpercaya.
    kelebihan bermain di BONANZA138 :
    -. Minimal Depositnya Hanya IDR 10.000,-
    -. Didukung 6 bank Nasional seperti BCA, BNI, BRI, MANDIRI, CIMB NIAGA, DANAMON.
    -. Grafis dan gameplay yang baik.
    -. 100% Fairplay.
    -. Adanya Bonus Jackpot pada permainan.
    -. Bisa dimainkan di smartphone baik itu android maupun iphone.
    -. Sistem deposit dan withdraw tercepat.
    -. Pelayanan Customer Service 24jam yang ramah dan professional.
     
    Segera bergabung dan bermain bersama puluhan ribu member lain dan Rasakan sensasi yang seru dan menyenangkan hanya di BONANZA138.
    Link Alternatif : Slot Gacor Hari ini

  2. GaoMon says:

    Since its start in 2010, Gaomon (https://www.gaomon.com/) has been committed to making quality household products more accessible to families. We design affordable, full-featured products, and want to be an online store for one-stop shopping, to help you furnish and organize your home while making your life easier and more comfortable.
    GaoMon Home Official offer home appliances, kitchen appliances, modern furniture, kids toys, home goods, outdoor gears etc. The valuable feedback we continually receive from our customers, allows us to continuously improve our products and your experience, by adapting our growth to your needs.

  3. GaoMon says:

    GaoMon Home Official (https://www.gaomon.com/) offer home appliances, kitchen appliances, modern furniture, kids toys, home goods, outdoor gears etc. We have a vast selection of affordable products online. Enjoy big savings and fast free shipping on high quality brand products. Shop the best home goods for modern home that suit your new style.

  4. 머니상 says:

    I think your website has a lot of useful knowledge. I’m so thankful for this website.
    I hope that you continue to share a lot of knowledge.
    This is my website.
    넷마블머니상

  5. My heart hurts. Whenever I read something beautiful, my heart aches and I’m sad. That’s how much I feel.메이저놀이터

  6. anyhill says:

    You’ve made some really good points there. I looked on the web to find out more about the issue and found most people will go along with your views on this site.

Leave a Reply

Your email address will not be published. Required fields are marked *

Powered by WordPress | Theme Designed by: axis bank bankmandiri bank bca bank bni bank bri bank btn bank cimbniaga bank citibank bank danamon bank indonesia bank klikmbc bank ocbc bank panin bank syaria hmandiri dana google gopay indihome kaskus kominfo linkaja.id maybank ovo telkom telkomsel