Average store size of U.S. outlet chains 2013
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.
Saks Fifth Avenue
Saks Fifth Avenue is an American luxury department store chain, owned by the Hudson’s Bay Company. The company also operates a chain of outlet stores under the name Saks Fifth Avenue Off Fifth or Saks Off Fifth. Saks Fifth Avenue is a well-known brand, visited by consumers of varying ages. The company is one of the leading retailers in the United States.