define factory outlet - Search
  1. Dictionary

    fac·to·ry out·let
    [ˈfakt(ə)rē ˈoutˌlet, ˈoutlət]
    noun
    factory shop (noun) · factory shops (plural noun) · factory outlet (noun) · factory outlets (plural noun)
    1. a store in which goods, especially surplus stock, are sold directly by the manufacturers at a discount.
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  2. People also ask
    What is a factory outlet?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.
    en.wikipedia.org
    What is the difference between a retail store and a factory outlet?Factory outlet stores sell items that can't be sold in retail stores, often at a steep discount. The primary difference between a factory outlet store and a retail store is the goods sold in each. A retail store, like a clothing store in a shopping mall, sells a retailer’s current lineup of items. These items may be from one brand or from many.
    What is the difference between Factory Outlet Center and outlet mall?Selling a lower quality product through factory outlets lowers the brand value of the company. Factory outlet center is a store owned or rented by one company and is only for one company’s products. Whereas an outlet mall consists of a number of factory outlet stores of different brands organized in a mall fashion.
    Why are factory outlet centers reducing customer life time value?There are considerable chances that the products bought from factory outlet centers may get torn off or become unusable in a very short duration which in turn upset the customer and he might not turn up to this company or brand next time ever thus reducing the customer life time value. 2.
     
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