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Outlet store

 
Business Dictionary: Outlet Store

Retail store, operated by a manufacturer, which provides an outlet for selling the manufacturer's irregular, overrun, or end-of-season merchandise. Although it is not always the case, outlet stores are often located close to the manufacturer.

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Wikipedia: Outlet store
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The Nebraska Crossing Outlet Mall

An outlet store or factory outlet or "Best Saving Outlet" is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be brick and mortar or online. Traditionally, a factory outlet was a store attached to a factory or warehouse. Often these stores are grouped together in outlet malls. The invention of the retail outlet store is often credited to Harold Alfond, founder of the Dexter Shoe Company.

Since its origination, outlets have seen variation in project size and an industry reorganization in the early 1990s which resulted in many smaller outlets going dark. As newer outlets continue their popularity, clear differences between new well designed centers and traditional retail centers are becoming harder and harder to differentiate.[citation needed]

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Outlet store" Read more