An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock, closeout, factory seconds, or lower-quality versions manufactured specifically for outlets. 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.[1]
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.[2] 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.[citation needed]
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 and 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.[2] In 2003, outlet malls in the U.S. generated $15 billion in revenue from 260 stores.
The number of U.S. outlet malls increased from 113 in 1988 to 276 in 1991 and to 325 in 1997[2] and 472 in 2013.[3]
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.[2]
Similarly in Vietnam in recent years, the trend of outlet shopping in general and outlet shoes in particular has been growing and becoming a new trend. Therefore, more and more outlet stores are opened not only by the brand itself but also by other private entities[4] to meet the above demand.
Difference between outlet and regular stores
A majority of the products sold by clothing and accessory manufacturers at outlet stores are specifically manufactured for outlets using lower-quality materials and manufacturing processes than their higher-priced products sold in regular stores.[5][6]
Outlet stores often have more stringent return policies than regular stores, and manufacturers will typically not allow returns or exchanges for products purchased at outlets stores at their regular stores.[7]
References
^Pérez-Peña, Richard (2007-11-17). "Harold Alfond, Donor and Shoe Factory Owner, Dies at 93". The New York Times. ISSN 0362-4331. Retrieved 2021-09-12.
^ abcd"A Survey of Outlet Mall Retailing: Past, Present and Future". insead.edu.
^rvl. "All Outlet Shopping Malls and Centres in the USA (All states)". factoryoutletstores.info.
^Chao, Mary. "Q&A: The differences between an outlet and mall store". Democrat and Chronicle. Retrieved 2023-01-22.
^"Retail vs. outlet store: Can you tell which outfit costs more?". TODAY.com. Retrieved 2023-01-22.
^"Outlet shopping: The deal is in the details". Consumer Advice. 2019-07-10. Retrieved 2023-01-22.
April 18, 2023
outlet, store, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, march, 2020,. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Outlet store news newspapers books scholar JSTOR March 2020 Learn how and when to remove this template message An outlet store factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock closeout factory seconds or lower quality versions manufactured specifically for outlets 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 1 The Nebraska Crossing Outlets Mall Gretna Nebraska 2004 History Edit Merrimack Premium Outlets in New Hampshire in 2012 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 2 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 citation needed 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 and 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 2 In 2003 outlet malls in the U S generated 15 billion in revenue from 260 stores The number of U S outlet malls increased from 113 in 1988 to 276 in 1991 and to 325 in 1997 2 and 472 in 2013 3 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 2 Similarly in Vietnam in recent years the trend of outlet shopping in general and outlet shoes in particular has been growing and becoming a new trend Therefore more and more outlet stores are opened not only by the brand itself but also by other private entities 4 to meet the above demand Difference between outlet and regular stores EditA majority of the products sold by clothing and accessory manufacturers at outlet stores are specifically manufactured for outlets using lower quality materials and manufacturing processes than their higher priced products sold in regular stores 5 6 Outlet stores often have more stringent return policies than regular stores and manufacturers will typically not allow returns or exchanges for products purchased at outlets stores at their regular stores 7 References Edit Perez Pena Richard 2007 11 17 Harold Alfond Donor and Shoe Factory Owner Dies at 93 The New York Times ISSN 0362 4331 Retrieved 2021 09 12 a b c d A Survey of Outlet Mall Retailing Past Present and Future insead edu rvl All Outlet Shopping Malls and Centres in the USA All states factoryoutletstores info Truong Quoc Dat vietnam outlet shoes giayoutletvietnam info Chao Mary Q amp A The differences between an outlet and mall store Democrat and Chronicle Retrieved 2023 01 22 Retail vs outlet store Can you tell which outfit costs more TODAY com Retrieved 2023 01 22 Outlet shopping The deal is in the details Consumer Advice 2019 07 10 Retrieved 2023 01 22 Retrieved from https en wikipedia org w index php title Outlet store amp oldid 1148036250, wikipedia, wiki, book, books, library,
