In 2013, Saks Fifth Avenue Off Fifth were the largest outlets chains in the United States, with an average store size of 28,000 square feet. In comparison, Old Navy Outlet stores were 16,000 square feet in size on average.
What is an outlet store?
Retail establishments come in many forms such as grocery stores, restaurants, shopping malls, and outlet stores. A primary difference between an outlet store and a normal retail store is the function that each one serves. Typically, an outlet store offers shoppers lower prices and good deals. Outlet stores first originated as places where retailers sold damaged products or products at a reduced price. Over the years, outlets have developed into stores that provide consumers with affordable, high-quality name-brand products. Many major retailers use outlet stores to sell overstocked and out-of-season items at a cheaper price. Another feature of an outlet store is that they are often in inconvenient locations, requiring shoppers to travel outside of their local area.
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ICSC. (March 15, 2014). Leading outlet chains in the United States in 2013, by average store size (in 1,000 square feet) [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/
ICSC. "Leading outlet chains in the United States in 2013, by average store size (in 1,000 square feet)." Chart. March 15, 2014. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/
ICSC. (2014). Leading outlet chains in the United States in 2013, by average store size (in 1,000 square feet). Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/
ICSC. "Leading Outlet Chains in The United States in 2013, by Average Store Size (in 1,000 Square Feet)." Statista, Statista Inc., 15 Mar 2014, https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/
ICSC, Leading outlet chains in the United States in 2013, by average store size (in 1,000 square feet) Statista, https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/ (last visited October 05, 2024)
Leading outlet chains in the United States in 2013, by average store size (in 1,000 square feet) [Graph], ICSC, March 15, 2014. [Online]. Available: https://www.statista.com/statistics/265059/size-of-the-leading-us-outlet-chains/