Comment and analysis on all things Charlotte

Charlotte Premium Outlets to open

And to mark the occasion, the Charlotte Observer offers up an informative look at the outlet mall business model. A highlight:

“Off-price … is growing much faster than the rest of the retail industry,” Saks’ owner, Hudson Bay Co., wrote in its annual report to investors. The company also noted there’s “very little overlap” between customers who shop its full-price and outlet stores.

Because there’s so little overlap, Hudson Bay told investors it’s confident it can open more Saks Fifth Avenue Off 5th stores “without cannibalizing our full-line business or harming the Saks Fifth Avenue brand.”

2 Responses to “Charlotte Premium Outlets to open”

  • Jul
    29
    2014

    Of the three premium retailer outlets, Saks Off Fifth is the worst as far as finding merch from the mainline store. Neiman Marcus Last Call is the best, Nordstrom Rack is in the middle.

    I did find a nice pair of Samuelsohn corduroy pants cut from Loro Piana Zealander wool at the Triangle Off Fifth. Not much else.

  • Jul
    29
    2014

    Hmm. I went to the Oakley Vault at Tanger Outlets up off I-85 east of Burlington and the prices there were no lower than at the Oakley store at Crabtree Valley Mall in Raleigh — not one cent lower.

    As far as I am concerned, outlet malls are just malls sans air conditioning and protection from the elements.

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