The original idea behind outlets was to sell off excess/faulty stock. Now more than 80% of outlet stock is made for outlet, so using cheaper materials to sell for profit at the outlet price. The other 20% of stock is pretty much at the usual boutique prices. There are no bargains worth the trip.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us. #Save_Bangladeshi_students #ALjazerra #Bbcnews #CNN #TheWashingtonPost #TheNewYorkTimes #TheGuardian #BBC #AlJazeeraEnglish #TheWallStreetJournal #CNBC #DhruvRathee #UnitedNations #NewYorkTimesOpinion #ABCNews #NewYorkPost #ProjectNightfall #AbhiandNiyu #QuotaReformProtest #বাংলাদেশ_কোটা_আন্দোলন #কোটা_আন্দোলন_২০২৪ #no_more_quotha #protect_students #save_students #bangladesh_quotha_movement #focus_on_bangladesh
Yup and not worth the the wait in lines, the time to park and deal with all the people. Some of it looks like they double or triple the price just to say they are 50-75% off..
Notice how they said cIf you're interested in THE BRANDS at a deal, ghen you'll like outlets." I don't think people care about brands. That's why Wish and Temu exist.
@@downsjmmyjones101 People still care about brands. I believe the original posters first comment is correct; this is more about the concept of "discounts" vs "deals". While they still have discounted goods, outlet stores very rarely offer name brands at any sort of deal that is worth it to consumers anymore. That is why they are struggling. A Nike sweatshirt used to be $60 retail and $30 at an outlet. People that wanted a Nike sweatshirt but didn't want to pay full price were willing to go to an outlet to have the product at a price they could swallow. Today a Nike sweatshirt may be $100-$120 retail and the outlet may have it discounted to $70. While it is still a "discounted" price for that name brand sweatshirt, the price is no longer palatable for those looking for a deal. $70 may be a discount, but it is very far from a deal. It has forced those consumers to look at non-name brand products instead; not because they want to but because they have to. They still want the Nike sweatshirt, they just aren't willing (or maybe able) to pay that much for one when you can buy a no-name brand for $20 online. I look at Nike (or fill in the name brand) sweatshirts that I like all the time but I refuse to pay that much. Its not that I don't care about the brand or that I don't prefer that brand; its that I am too sensible with my money to spend that much for a sweatshirt. My final point on consumers still caring about brands is this. My daughters love the white fox brand for sweatshirts. They are soft, comfortable, and trendy. They are also expensive and shipped from Australia. The company doesn't get regular purchases from our family but when we have a birthday or Christmas roll around those sweatshirts always show up on the list and we splurge (hopefully with a sale). So I very much believe consumers still care about brands.
@@anthonypicciano3803 the stores save a lot on lease which means they can sell at cheaper prices, that's just how outlet malls work. If people feel like the savings are not worth the drive anymore, it just shows how strong people's personal economy is. That said, not everybody feels that way, and my local outlet malls are pretty busy.
Unless if you've been to the Philippines, our malls here are booming and malls in the US, don't have a strong corporation like SM Supermalls. The malls supposed to be not just for shopping but for everything like food court, cinema, skating rink, bowling center, amusement park/arcade, many restaurants, etc. Having a mall with just shopping alone isn't gonna work, you need to provide more because not all people wanna go shopping but have fun and leisure instead.
Outlet malls no longer offer value. They charge the same for the same items sold elsewhere. Its no longer overstock or last seasons unsold items. Brands are selling items specifically in their outlet stores. Better deals can be found online.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us. #Save_Bangladeshi_students #ALjazerra #Bbcnews #CNN #TheWashingtonPost #TheNewYorkTimes #TheGuardian #BBC #AlJazeeraEnglish #TheWallStreetJournal #CNBC #DhruvRathee #UnitedNations #NewYorkTimesOpinion #ABCNews #NewYorkPost #ProjectNightfall #AbhiandNiyu #QuotaReformProtest #বাংলাদেশ_কোটা_আন্দোলন #কোটা_আন্দোলন_২০২৪ #no_more_quotha #protect_students #save_students #bangladesh_quotha_movement #focus_on_bangladesh
Problem is companies have gotten better logistically that they have less irregular items and less overstock at the end of the season which is why you see more items made specifically for the outlets.
Malls are unique however, you must admit. They might not have value, but they provide a great communal space to gather, everything looks beautiful, everything smells good, sounds good. Ive spent many hours just getting in steps at malls, because its great indoor walking. I think malls just need to innovate and get creative. Add more game spaces, more unique stores, more local stores perhaps. I think ultimately, Malls will survive, they just need to evolve, change, adapt and pivot to something else.
@@WhyWorldWet I agree. Malls never innovated in order to keep up with changing times. They could have put indoor parks and basket ball courts in them instead of just putting more chairs with phone charging stations in them.
Outlets used to be spaces where stores sold 'irregular jeans' or other non-selling product at a 70% discount and everybody was happy. Now they have Gucci stores and crazy expensive prices on EVERYTHING. Bring back the old model and customers will return.
Yeah you're right, the prices at these so-called "outlets" are ridiculously high. Gimme 70 percent off, and I'll buy it, if it's something I truly need. Give me only 30 percent off, and there's just no way I'm buying it. Charging $69 for a $100 shirt or coat is NOT a good price. Of course we're not shopping at these places anymore.
Oh man! I do remember the "irregular" clothes at the outlets. Man, I'm old, I still have a sweet leather Wilson Leather coat that I bought back in 2000 when I was in my early-20's. Original price at the Wilson leather store, $400 at the outlet mall, $100 The irregular part is that some the stitching was a little curved. Nobody has ever noticed it. And I still have the same Bass dress shoes too from that clothes shopping day. The Bass shoes had a bit of extra glue on the back side. I just painted that black with shoe polish. No stranger has ever stopped me on the street and said, "hey bud, you got some extra glue on your shoes"
Was going to post something similar…. Saw your post… In the end no matter what brand is there, Outlet malls used to begin pricing discount at 60-70%…. Now a days it is more like 30-40%…. The whole idea was to move merchandise at dirt cheap prices… but all brands have moved away from this
Many companies have two different production lines, one for malls and one for outlets. The outlet line produces lower quality products even though they are under the same brand.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us. #Save_Bangladeshi_students #ALjazerra #Bbcnews #CNN #TheWashingtonPost #TheNewYorkTimes #TheGuardian #BBC #AlJazeeraEnglish #TheWallStreetJournal #CNBC #DhruvRathee #UnitedNations #NewYorkTimesOpinion #ABCNews #NewYorkPost #ProjectNightfall #AbhiandNiyu #QuotaReformProtest #বাংলাদেশ_কোটা_আন্দোলন #কোটা_আন্দোলন_২০২৪ #no_more_quotha #protect_students #save_students #bangladesh_quotha_movement #focus_on_bangladesh
The jig is up. Outlet malls used to be cheap because it was an overstock or slight defect of items. Now corporations are intentionally producing lower quality cheaper stuff on purpose for the outletmall line up.
I found that this varies greatly. I find the quality of the north face outlet to be really good, and the prices are far more reasonable than their retail stores. As far as I can tell, maybe it isn’t the latest style of jackets, and some of them do have more visible branding which not everyone likes, but for a winter coat, I don’t care about either of those things so I’ll take the savings. On the other hand, The J.Crew outlet store stuff is trash. Got a couple T-shirts there less than a month ago and have already gotten rid of them
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us. #Save_Bangladeshi_students #ALjazerra #Bbcnews #CNN #TheWashingtonPost #TheNewYorkTimes #TheGuardian #BBC #AlJazeeraEnglish #TheWallStreetJournal #CNBC #DhruvRathee #UnitedNations #NewYorkTimesOpinion #ABCNews #NewYorkPost #ProjectNightfall #AbhiandNiyu #QuotaReformProtest #বাংলাদেশ_কোটা_আন্দোলন #কোটা_আন্দোলন_২০২৪ #no_more_quotha #protect_students #save_students #bangladesh_quotha_movement #focus_on_bangladesh
Malls are unique however, you must admit. They might not have value, but they provide a great communal space to gather, everything looks beautiful, everything smells good, sounds good. Ive spent many hours just getting in steps at malls, because its great indoor walking. I think malls just need to innovate and get creative. Add more game spaces, more unique stores, more local stores perhaps. I think ultimately, Malls will survive, they just need to evolve, change, adapt and pivot to something else.
@@WhyWorldWetagreed. In Asia malls still thriving because of family culture and they build inside the center city unlike in the west where is car centric culture and most malls are in outside city outskirts.
@@WhyWorldWetyes correct. Likewise, people become more sociable as well...i recall teenagers used to go to malls on weekends all dressed up and checking out each other...😂 Well, those were fun days too...
@@WhyWorldWet yeah but Outlet Malls are 2 very different things. Outlet Malls were never meant to be a place for people to congregate. They were deliberately placed outside cities since they were not meant to provide competition to regular malls. The idea outlet malls was a good one. Sell excess inventory, damaged (but still usable and in good condition) products, defective clothing etc.
Maybe not 15, but prior to the pandemic people had to spend a lot of money on a wardrobe for work that they wore every day. But since the pandemic and the push for remote work, people found out they didn't need all those clothes they bought previously just to wear to the office.
Online retailers, streaming services, car payments, and payment plans for $ 1200+ phones is one reason people don’t shop at outlets. Rising rents, cost of living, and stagnant salaries is the other side of it. This is just a result of being pushed the furthest we can possibly tolerate and now they are crying that we are prioritizing self preservation over their superficial goods.
Exactly. All companies think that the US resident has unlimited spending power - that we can pay 50% more for housing than we did 5 years ago, that we can spend $125 for basic jeans, that a $150 dinner out is reasonable for 2 people. Nope, none of it is. We don't have that kind of money.
Outlets are a scam today. Outlets mall made sense in the 1990s early 2000s. Items were merchandise out of season or returns from main stores. Then companies started making lower quality products to sell at Outlets only stores, and at prices just slightly lower than the real product. A total scam to the customer.
When I was in high school in the late 90s, outlet malls were where you went to buy name brand things but a season behind. I bought gap jeans that were in the non-popular washes/colors for $10, but they lasted forever. now they are crappy and don't last.
All the brands that used to be reliably mid-range - Gap, J.Crew, Tommy Hilfiger etc. - are turning into fast fashion crap, unfortunately. I will say though, there are still some decent items at Gap if you look around. I’ve had good luck with buying T-shirts off their website
Pretty clear why this is- consumers are savvy and have caught on to the fact that 95% of products in U.S. Outlet stores are made just for the outlet stores using lower quality materials vs. the main brand. Since there's no great value, it's not worth the inconvenience of traveling to an Outlet mall. Unfortunately for brands like Nike, Coach, Ralph Lauren, Gap- the majority of their bricks & mortar retail revenue and profit comes from the Outlet business.
I don’t feel like going to the regular mall to shop, let alone drive 30+ min out to an outlet mall when I can shop for exactly what I want online vs rummaging thru junk to find a “deal”
@@davidcantor293 yes! It used to be fun to go to the outlet growing up. But times have changed. I value my time and walking aimlessly around an outlet mall isn't worth my time anymore.
The problem? Outlets aren't really outlets. Some retailers have send inventory directly to the outlets instead of the usual clearance, off-season, or excess inventory. It needs to reduce the stigma that it's just an outdoor mall.
Like many of these comments mention, I think this video misses a huge point that consumers have realized brands are now making clothes specifically for their outlets with cheaper, lower quality materials. So it’s no longer a “good deal” you’re just paying less for a crappier item….
As usual, corporate greed is guilty of their own demise. Once their prices started climbing, and people no longer see value in the outlets, there is no reason to go out of your way to shop there.
Also, another thing frustrating about retail stores often they don’t have what you’re looking for. Something that normally they would carry. They will say well we don’t have that in stock, but we can order it for you and have it here the next day or delivered to your house in the next few days. We have to order it online. Well, if that’s the case so why even show up to the store we might as well just do it ourselves online in the first place and avoid the potential for wasting time and gas going to the store and in turn having an online order. This is wiping out the advantage retailers have over online shopping.
Marshall’s, TJ Maxx, Ross and Nordstrom rack has a better edge than outlet malls. I notice outlet malls tend to be in very obscure areas not too accessible near high populated areas so it’s kind of out of the way to get there. Also prices have gone up it is almost the same as buying from the actual store!
I haven’t bought anything from Nordstrom rack in a couple years but my impression was always that they still had really high-quality stuff. I hope they haven’t slipped into the fast fashion thing like Gap and Old Navy, where you may as well buy this Garbage on Shein because it’s the same crap quality
Yep not only are outlets far they are not located in the nicest parts of town. These are typically areas that don’t offer much. I’d rather shop online. Amazon for athletic wear. Direct to consumer brands for business attire.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
In Las Vegas, where tourists think they're actually getting a deal going to outlets, locals know that the outlets of 20-30 years ago, no longer exist. You would go to the outlet knowing you were getting off-season merchandise because it was A LOT cheaper. You were ok buying shorts in the winter or long sleeves in the summer, because you didn't care about fashion. Now Outlets are just regular malls, branded as outlets, to make people think they are getting a deal. To compete with online stores, outlets should price their merchandise the same as it is online or only slightly higher, like $2 more. People would go to the outlet, just to not have to wait 2 days for their item. But if it's $10 more in the store, they'll wait. But again, what made outlets successful, is that things were SIGNIFICANTLY cheaper. That's why you would drive to the middle of nowhere to go to them. Now, their prices are the same as everywhere else.
I just assume that they're struggling because instead of good stuff at a discount, those stores are filled with low-quality crap made for the outlets. The savings aren't even that great any more, what reason is there to even go there?
Went to an outlet mall to find some shoes for my son. All 3 stores I checked didn’t have his size. Should have just shopped on Amazon instead of wasting time!
I HATE shopping. Things are of such low quality or when you go into a 'better' store, the prices are so absurd. You go to a medium priced place where in the past you bought a t-shirt knowing it would last you 8+ years. Now you go into any store and you know just by touching and looking at the item, that it is going to fall apart within a few washes. And not to mention the sale madness. You see a shirt you love, it's 100 dollars, fine, you buy it, but a few days later it's on sale for 30%-50%. So do you become the bad consumer and bring it back, get your 100 dollars back to buy the same for $60? Or worse, same brand, but they have an online sale and everything you saw in the shop is %10 off with free shipment. I'm scared to buy anything now because I fear it will become cheaper on sales, but maybe during the sale my size will be sold out?! Plus we are more aware of the environmental impact of the textile industry, so why aren't there better quality control mechanisms? (and yes, I prefer to buy 2nd hand these days. It's cheap and often much better quality!)
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us. #Save_Bangladeshi_students #ALjazerra #Bbcnews #CNN #TheWashingtonPost #TheNewYorkTimes #TheGuardian #BBC #AlJazeeraEnglish #TheWallStreetJournal #CNBC #DhruvRathee #UnitedNations #NewYorkTimesOpinion #ABCNews #NewYorkPost #ProjectNightfall #AbhiandNiyu #QuotaReformProtest #বাংলাদেশ_কোটা_আন্দোলন #কোটা_আন্দোলন_২০২৪ #no_more_quotha #protect_students #save_students #bangladesh_quotha_movement #focus_on_bangladesh
Many reasons: - most brands now offer their clearance items online. They don’t have to worry about hiring store reps and high rent for outlets stores. - the rise of 4-payments option allowing buyers to get their stuff online and split the cost over time. - the rise of online competition where you could literally get the same discounted Gucci Bag from Amazon and other online retails for prices cheaper even than Gucci’s outlet store. It’s only a matter of time before the outlet malls disappear or relocate to rural areas where shopping by mail is not an easy option.
Outlet malls went from being the home of rejected but mostly GOOD quality products with a quality name behind them to being simply lower quality than the already poor quality products (with the exact same name behind them). I point to LL Bean as an example of this happening pretty much in real time. They went from having an unlimited warranty to only have a single year warranty on their products (along with not allowing the replaced product to be returned if THAT one fails as well). They attributed a combination of factors, but it included the changing clothing techniques (lesser quality zippers, sewing techniques changing to allow for style over function).
Here in Denver one of the largest malls (Cherry Creek) decided the genius idea to start charging for parking... instead of attracting customers they are doing the opposite...
That’s the least of the problems with Denver. I lived in Denver for 21 years. Went to cherry cherry mall twice in that timeframe. The first time I was dragged there by a GF. The last time was 20 years later, because it was the only Sears still around.
I went to 2 outlet malls looking for a piece of Samsonite luggage. Both outlet malls have the brand store, however, the cheapest single hard-shell piece is over $159-, and 2-piece set starts with $199, anything look slightly good is $299-349. Well, one can buy a 3-piece set good looking luggage for $149 in Costco when it is available. Same goes for Ricardo. One piece I liked was for sale in Costco for $79, but outlet mall wants $149. I definitely do not want to pay the intelligence tax to outlet mall.
I ended up getting Samsonite luggage from an online vendor... maybe it was Amazon. It was a bargain. The Samsonite store at a Tanger outlet had prices so high they were laughable.
I understand the challenges of any malls. I hope they still flourish, I do enjoy seeing the actual product and be able to determine whether it's a good fit or not. I also enjoy experiencing and seeing the human interaction happening.
I feel the same way. We only have a couple of malls here in the Portland metro area which I’d describe as doing OK, and one of those is already starting to slip a bit. It lost its main anchor, Nordstrom, which is never a good thing
Depends on the outlet. I’ve been buying my winter jackets at the Northface outlet for the past decade and I am pleased with everything I’ve purchased there. The prices are far more reasonable than their normal retail prices. On the other hand, the J.Crew factory store, which is their outlet, has really low quality stuff. It’s cheap, but it also shows. So, some stores you’re better off buying from the official store in my opinion
All malls in my city and the surrounding cities are being closed down and replaced by luxury homes, luxury boutiques, and upscale restaurants. The outlet malls are some distance away from my city so most folks looking for retail deals are shopping online. The mall model with big box anchors is rapidly disappearing.
I was just in the Philippines, and they have two of the eight largest malls in the world! And the way they designed their malls is not catered on solely for shopping items! It is well thought out, you can go the park? You can have a margarita in the park, surrounded by green grass and trees! You can host an event! You buy a Ferrari you can go the church and have a wedding there! You can watch movies and play dota at the same time! All in a single mall. 😂
there's government offices as well, office spaces and condominiums on the upper floors. During calamities it is also an evacuation center. The only thing missing is funeral parlor.
Not to mention, you can still buy perfect quality items with outlet prices from outlet places there like Acienda outlet mall, Paseo outlet mall, SM Clearance outlet and others. As for malls in general there whether they're indoor enclosed malls, lifestyle centers, strip malls, commercial centers, or whatever... They're treated like mini cities where you can find everything. Some even offers mini hotels within malls.
I used to spend a lot of time shopping at stores in outlet malls, looking for bargains. I would need things to cost 20 to 35 cents on the dollar in order for it to be worth buying. I practically NEVER found anything at a deep enough discount. So there were all these trips I made and all these hours shopping, but I never bought anything because nothing I wanted or needed was ever cheap enough. So yes, I have abandoned outlet malls, just as the title of this video suggests.
These were fun a couple of decades ago. Now, we all get it that they're not really outlets at all, never were, and that the exact same things can be found for much less online. But let's thank them for all the new flea market spaces these 'outlet' malls have created for us.
Malls here in the US needs to look at malls around Asia like the Philippines. Malls in Asia, you will find not just clothing stores, but more like movie theaters, bowling alleys, arcades, amusement rides, skating rinks, live music featuring local artists, and tons of food options! This is how you can beat online retailers and remain relevant! You got to sell customer experience!
I remember an outlet mall where our family had some acreage and an older house we would drive to maybe 4 times a year to attend to. 20 years ago we got great deals of actual leftover merchandise. Over the past ten years prices ended up being the same as an ordinary retail shop. No deals to be found at all and no point of going there anymore.
Most outlets aren't worth shopping at because they just sell garbage made for the outlet. The only outlet stores worth shopping at are the super luxury outlets that only have one or two outlet stores total.
True! There's a luxury outlet near Paris France called La Vallee. We did purchase a few items there Tod's mens shoes for €80 The Wolford store was pretty good too my wife found pantyhose marked as 'seconds' for about half retail price as well as body wear ,Wolford is a high end brand so it was good to find .
I live in Orlando and I don’t even go to outlets anymore because of tourist buying they raised the prices up and locals don’t really shop there as much
Mostly the same for me too, these days. Sometimes though, if my wife is popping into the mall to get something I will poke around and occasionally walk out with something new. I try not to impulse buy, though
Well ur generation doesn't see malls as a social place, we did, malls were a fun place as a teenager, and we weren't glued to a cellphone either. I truly believe those phones have stunted alot of y'all's generations maturity levels. Obviously not everyone, but just watching interactions of Gen z in confrontations it's almost always emotional vs logical.
@@ninjanerdstudent6937 do you not realize malls were so fun in the 90s, who was teenagers in the 90s. So sad y'all have a cell phone with instant information on 99.99% of everything and yet Gen Z and Gen Alpha can't even answer grade school stuff like geography, simple math and history of America. I've watched so many videos watching them get stumped on simple questions. Come on y'all, you have to run the world one day, oh my.
Interesting, thanks. My "go tos" are Costco, Amazon, and and a few specialty online retailers. You neglected the issue of time. Most outlet malls in Houston, where I live, are an hour or more drive away from where I live, too far away. Outlet malls have little for older people as well.
outlet malls no longer are outlet/last years model being sold for deep discounts, walk into any outlet mall and the stores are stocking the same items for the same price as their counterpart in regular malls
Retailers are forced to pay exorbitant rates by mall owners. It’s crazy. Now with online shopping, malls and similar commercial spaces will cry because retailers simply can’t not survive.
A good number of the stores in outlet malls are regular stores and offer no discounts. Worked for a store that had a lot of stores in outlet malls and people would say "I got it for a deal at an outlet". We had the same prices as the outlet store.
Because of the fast internet and the growing number of mobile phone users. More and more individuals prefer to shop online instead of visiting shopping malls. Today's young people no longer gather to bond because we now have "group chat". TVs at home are no longer used for bonding or being with family and friends, but rather as a decorative item. This is just one of those things that will gradually go away, and I'm not sure where it will take us... But I just wanted to share... I miss those times when you go out and rent a VHS at a video rental business; your energy is high because you're browsing for movies, possibly due to enjoyment or excitement. If I compare today... While sitting on the sofa with the remote control, I'm running out of time scrolling through a Netflix movie till I get dizzy and fall asleep.
Most outlet malls I go to anymore have the same items as the regular stores for the same price. Nothing like it used to be. You would go in winter to the outlet and they had last years summer leftover and discounted cheap. Not anymore. They open a store and just add the word outlet next to it. Nothing discounted about it.
The actual strategy for outlet malls has been to put them far away, as consumers are more likely to purchase something if they’ve had to travel a far distance to get there, as not “waste “the trip. Not to mention lower real estate prices in remote areas. Basically, you’ve driven all that way so you had better find something by schlepping around the entire mall. In states like California, where the malls are located in hot dry locations, it can be so oppressive because they don’t put up shade and benches to relax, with an intention to keep people moving from air conditioned store to air conditions store. As we’ve gotten older, and the temperatures have gotten hotter, we no longer shop these malls . We only stop in to buy something specific at the few stores that we like… like Coach, which is selling colorful if not high-quality products developed specifically for the outlet malls. And we only stop in when we’re traveling and happened to pass. Simon has made so many of its properties inhospitable that it’s simply not worth the trouble.
The question is whether people are actually buying things. I used to see people with bags of stuff. These days it’s maybe a bag or two. It seems more of a place to hang out than actually shop.
@@marcl7307when I was a kid I would only go to look and see women lol that was it I don’t even go anymore I would never shop at a mall unless it was clearance and I really want that item
I'm surprised more closed malls haven't been turned into outlet malls. Part of the problem of outlet malls is accessibility. They are usually in harder to get to locations because of land costs, but if they were more accessible for people who don't always have cars at their disposal there could be great potential for new shopping options.
The rationale for the location is that the companies don't want to poach business from their own stores. If they located them in urban centers, that's what would happen.
@@DonoVideoProductions But they do have outlet stores in urban centres, sometimes in regular malls alongside non outlet stores. I've seen it many times in different cities.
My theory is that vast majority of people tries to keep up with the Jones. That means they have to buy labels. Think coach, Calvin Klein, Ralph Lauren etc. But outlets started to sell all these brands that anyone can afford including the not so well off. So the brands can be seen worn by everyone. The Joneses competitors can't shop those brands anymore because everyone has the same brand and everyone knows you're either wearing outlet purchase or it's a knock off. You can tell who is actually wealthy and who is pretending.
Only some companies still use outlet malls for their original purpose which is as a giant clearance center, Adidas and Nike and shoe stores are a good one that comes to mind. Most of the clothing though is companies slapping a label on a much cheaper product and selling it at a price worthy of the lower quality. They've completely gotten rid of the original reason to go there, so why even bother?
I think the question could be on reverse, why malls are thriving outside the US? Because here in Asia, malls are still go-to place where people want to eat together or simply hangout with friends. From what i know, malls in the US mostly in the middle of nowhere, whereas in Asia mostly in the city center. Also malls in here aren't necessarily super big like in the US, so they don't have operate at large scale as long as the tenants are in demand.
Think of it this way. Imagine when you go to the shopping mall and how it feels to be around that vibrant atmosphere, the smell of the food court, the sound of people, the lighted signs of the various stores, the excitement of finding something in person that fits you just right - and compare that to scrolling through a bland website or app on your phone, at home, alone. There’s no comparison. We can’t just completely let the in person element of our society go. Humans need to be around each other and stay connected not just through little pieces of glass and plastic
People don't want to have to drive (and get stuck in traffic) only to spend time in an artificial sprawl. They'd rather go to a downtown area that seems more organic, especially if it's walkable and has public transportation. There's a lot of backlash against malls and outlets in the younger generation as well.
The quality of the regular stores has already gone down so much - why would I pay for the garbage at the outlet? There's maybe one outlet clothing store I'll consider (Banana Republic).
The issue for outlet malls this video isn’t including is the temperatures are getting hotter. That’s going to hurt the outdoor experiences the outlet malls are trying to put.
Shopping Malls were for rural people that have to drive to go shopping, so go where you only park once. The Post Office is closer, now so the internet gets the business.
I prefer TJ and Marshals over outlet malls for shopping, but for a fun experience for my family I prefer an indoor mall, but if I’m really on a quest for a specific outfit or piece of clothing, I’ll go to the fancy open air mall. But when I lived in rural WI an outlet mall was closer than driving to the cities to go shopping, plus back then it was a LOT cheaper
Of course they are, who wants to pay 85-90% of regular price for flawed or cheaper quality items. Even chain bargain stores and the online marketplace stores or major brands are selling their seconds are "New" flawed items when the customer should be getting a "perfect" item when it's described as new.
1. outlets were the places to find better deals, now a thing of the past. 2. Some lively environment, hanging out, window shopping, and probably some real shopping in the malls. This was and still is an idea for many people. 3. With AI and automation coming in, more and more people are pushed out of their jobs. Now everyone thinks twice before spending on gas to drive to some mall and ending up with unnecessary stuff bought. On one side, the industries automate everything, increase production, AND reduce jobs. These jobless people were your consumers once upon a time. And now the same industry struggles to stay up float with reduced consumers.
Outlet malls isn't really an outlet mall. Literally, you drive 20 miles or more to visit an Outlet mall and they literally have 5% of the merchandise at Outlet prices. And these items ranges from crap nobody buys after 3 years being on the shelf, a Superbowl shirt from 2 years ago, or a broken coffee maker. The rest you can buy at any other mall. Outlet is more of a ploy to bring shoppers in, it may worked some years ago...but now majority of these shoppers see that it's not really an Outlet (Bargain) mall.
I don’t mind shopping online, but sometimes it’s so cool to go to the store and feel the clothes and see the people and go to the food court and things like that because get this sometimes we don’t find it online you at the mall trying to find it anyway🤣
I haven’t been Thrifting for a while but I’ve been reading even those are starting to fill up with secondhand fast fashion trash, so I don’t know if that’s going to be a reliable long-term approach either. I hate how everything is so cheap and disposable these days
The reason these places are dying is because is so easy to shop and compare prices instantly and get the bottom of the barrel price. Malls had an advantage of being convenient but now that doesn't apply. Someone can live in CA and shop from a seller in any of the other 49 states and/or globally to get a better deal. There is no real benefit any more to shop at local mall outlets. It's so easy now to buy directly from the Brands you love and they offer great sales. At least 4 times a year Levi's runs sales where I am able to get jeans for around $12 with free shipping, use a cash back app and a discounted gift card and price comes down to $10 all without leaving home. Mean while the same jeans at those outlet malls would be 3x or 4x higher. It's a no brainer.
The outlet mall by me is always slammed with people. It was one of those 90s Mills properties that Simon bought up. When it was built, it was built just four miles from another mall, so that started to suffer the very month that it opened. People blame e-commerce, but the truth is that there were simply too many malls. Anyway, Tanger built an outlet not far from me, only it’s outdoor. Even during Christmas, it’s a ghost town. I like how they integrated free charging stations for EVs, because if you actually do need to charge, shopping gives you something to do. But being outdoors it’s either too hot, or too cold, or raining. As I type this, it is currently 97 degrees, with a heat index of 104. It’s also suppose to get hotter later today. Outdoor shopping centers in general are a horrible idea. When I go to one, it’s just to one specific store. I don’t walk around and shop like I would indoors. That said, I went to two different ones in Florida, also both owned by Simon, and they were slammed with people! Of course there was another outdoor outlet Simon owns that was busy, despite the intense heat. I haven’t been back to it though… …it sort of made international news I believe. You see, with indoor malls, there are signs everywhere telling you that no firearms are allowed, but it’s difficult to post these signs at outdoor malls. I’m sure if there were a sign that was made more obvious to people, all those shoppers would still be alive today.
The original idea behind outlets was to sell off excess/faulty stock. Now more than 80% of outlet stock is made for outlet, so using cheaper materials to sell for profit at the outlet price. The other 20% of stock is pretty much at the usual boutique prices. There are no bargains worth the trip.
This is 100% it.
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100% true
80% + 20% correct
Yup and not worth the the wait in lines, the time to park and deal with all the people. Some of it looks like they double or triple the price just to say they are 50-75% off..
-Outlets DO NOT offer actual bargains anymore.
-Outlets are also in the middle of nowhere and I live somewhere. Not worth the gas.
Notice how they said cIf you're interested in THE BRANDS at a deal, ghen you'll like outlets." I don't think people care about brands. That's why Wish and Temu exist.
I swear every outlet mall is 40 minutes away from everyone
@@downsjmmyjones101 People still care about brands. I believe the original posters first comment is correct; this is more about the concept of "discounts" vs "deals". While they still have discounted goods, outlet stores very rarely offer name brands at any sort of deal that is worth it to consumers anymore. That is why they are struggling. A Nike sweatshirt used to be $60 retail and $30 at an outlet. People that wanted a Nike sweatshirt but didn't want to pay full price were willing to go to an outlet to have the product at a price they could swallow. Today a Nike sweatshirt may be $100-$120 retail and the outlet may have it discounted to $70. While it is still a "discounted" price for that name brand sweatshirt, the price is no longer palatable for those looking for a deal. $70 may be a discount, but it is very far from a deal. It has forced those consumers to look at non-name brand products instead; not because they want to but because they have to. They still want the Nike sweatshirt, they just aren't willing (or maybe able) to pay that much for one when you can buy a no-name brand for $20 online. I look at Nike (or fill in the name brand) sweatshirts that I like all the time but I refuse to pay that much. Its not that I don't care about the brand or that I don't prefer that brand; its that I am too sensible with my money to spend that much for a sweatshirt. My final point on consumers still caring about brands is this. My daughters love the white fox brand for sweatshirts. They are soft, comfortable, and trendy. They are also expensive and shipped from Australia. The company doesn't get regular purchases from our family but when we have a birthday or Christmas roll around those sweatshirts always show up on the list and we splurge (hopefully with a sale). So I very much believe consumers still care about brands.
Amazon took over the world
@@anthonypicciano3803 the stores save a lot on lease which means they can sell at cheaper prices, that's just how outlet malls work. If people feel like the savings are not worth the drive anymore, it just shows how strong people's personal economy is. That said, not everybody feels that way, and my local outlet malls are pretty busy.
This video absolutely missed the whole point why outlet malls are failing. The comments section is more factual than the experts in this video
"experts"
Companies messed it up by making clothes specifically for outlets
The quality is outlet quality
Ppl are smarter and more aware of the scams
yup! quality feels very cheap and designers are very bad
It’s sadly hard to find any quality, even when you pay more.
Not really, or else Temu and Shein wouldn't be so popular. People still buy crappy clothes, but now they do so online.
Once a good idea, ruined by greed
Cheap garbage produced overseas is the lifeblood of the American economy.
It’s not rocket science, outlet malls used to be places to get deals, now they’re not
Facts. They could have saved 9 minutes and just said this.
@@Daddy_Dirk_Diggler Pocket Science.
Unless if you've been to the Philippines, our malls here are booming and malls in the US, don't have a strong corporation like SM Supermalls. The malls supposed to be not just for shopping but for everything like food court, cinema, skating rink, bowling center, amusement park/arcade, many restaurants, etc. Having a mall with just shopping alone isn't gonna work, you need to provide more because not all people wanna go shopping but have fun and leisure instead.
@@PinoyBowlerGS92 there's no online shopping in the Phillippines
In Canada we have all sorts of sales and deals, designer brands are offering 40% off plus right now
Outlet malls no longer offer value. They charge the same for the same items sold elsewhere. Its no longer overstock or last seasons unsold items. Brands are selling items specifically in their outlet stores. Better deals can be found online.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us.
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Problem is companies have gotten better logistically that they have less irregular items and less overstock at the end of the season which is why you see more items made specifically for the outlets.
Malls are unique however, you must admit. They might not have value, but they provide a great communal space to gather, everything looks beautiful, everything smells good, sounds good.
Ive spent many hours just getting in steps at malls, because its great indoor walking. I think malls just need to innovate and get creative. Add more game spaces, more unique stores, more local stores perhaps.
I think ultimately, Malls will survive, they just need to evolve, change, adapt and pivot to something else.
😊😊
@@WhyWorldWet I agree. Malls never innovated in order to keep up with changing times. They could have put indoor parks and basket ball courts in them instead of just putting more chairs with phone charging stations in them.
Outlets used to be spaces where stores sold 'irregular jeans' or other non-selling product at a 70% discount and everybody was happy.
Now they have Gucci stores and crazy expensive prices on EVERYTHING. Bring back the old model and customers will return.
Yeah you're right, the prices at these so-called "outlets" are ridiculously high. Gimme 70 percent off, and I'll buy it, if it's something I truly need. Give me only 30 percent off, and there's just no way I'm buying it. Charging $69 for a $100 shirt or coat is NOT a good price. Of course we're not shopping at these places anymore.
Oh man! I do remember the "irregular" clothes at the outlets. Man, I'm old, I still have a sweet leather Wilson Leather coat that I bought back in 2000 when I was in my early-20's. Original price at the Wilson leather store, $400 at the outlet mall, $100 The irregular part is that some the stitching was a little curved. Nobody has ever noticed it. And I still have the same
Bass dress shoes too from that clothes shopping day. The Bass shoes had a bit of extra glue on the back side. I just painted that black with shoe polish. No stranger has ever stopped me on the street and said, "hey bud, you got some extra glue on your shoes"
Was going to post something similar…. Saw your post…
In the end no matter what brand is there, Outlet malls used to begin pricing discount at 60-70%…. Now a days it is more like 30-40%….
The whole idea was to move merchandise at dirt cheap prices… but all brands have moved away from this
Many companies have two different production lines, one for malls and one for outlets. The outlet line produces lower quality products even though they are under the same brand.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us.
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The jig is up. Outlet malls used to be cheap because it was an overstock or slight defect of items. Now corporations are intentionally producing lower quality cheaper stuff on purpose for the outletmall line up.
I mean, once I realized that the quality of the outlet clothes were not close to the ones in the regular retail stores, I stopped going.
I found that this varies greatly. I find the quality of the north face outlet to be really good, and the prices are far more reasonable than their retail stores. As far as I can tell, maybe it isn’t the latest style of jackets, and some of them do have more visible branding which not everyone likes, but for a winter coat, I don’t care about either of those things so I’ll take the savings. On the other hand, The J.Crew outlet store stuff is trash. Got a couple T-shirts there less than a month ago and have already gotten rid of them
Yep, I went to a real Gap store and noticed the difference.
Also, the real stores with the same manufacture cheapen out with shoddy material. I just online shop and buy only what I really need.
Now all clothes are poor quality!
That's not always true, sometimes they are overstock.
There was a time in the 1990s when outlet malls were fantastic places to shop for great deals. Now they’re just another scam.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us.
#Save_Bangladeshi_students
#ALjazerra
#Bbcnews #CNN #TheWashingtonPost
#TheNewYorkTimes #TheGuardian
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#no_more_quotha
#protect_students
#save_students #bangladesh_quotha_movement
#focus_on_bangladesh
Malls are unique however, you must admit. They might not have value, but they provide a great communal space to gather, everything looks beautiful, everything smells good, sounds good.
Ive spent many hours just getting in steps at malls, because its great indoor walking. I think malls just need to innovate and get creative. Add more game spaces, more unique stores, more local stores perhaps.
I think ultimately, Malls will survive, they just need to evolve, change, adapt and pivot to something else.
@@WhyWorldWetagreed. In Asia malls still thriving because of family culture and they build inside the center city unlike in the west where is car centric culture and most malls are in outside city outskirts.
@@WhyWorldWetyes correct. Likewise, people become more sociable as well...i recall teenagers used to go to malls on weekends all dressed up and checking out each other...😂 Well, those were fun days too...
@@WhyWorldWet yeah but Outlet Malls are 2 very different things. Outlet Malls were never meant to be a place for people to congregate. They were deliberately placed outside cities since they were not meant to provide competition to regular malls.
The idea outlet malls was a good one. Sell excess inventory, damaged (but still usable and in good condition) products, defective clothing etc.
The lockdown was a blessing in this sense. People realized that they have enough crap at home. You don't need 15 pairs of jeans.
😅
Guilty. I have over 100 pairs….
Maybe not 15, but prior to the pandemic people had to spend a lot of money on a wardrobe for work that they wore every day. But since the pandemic and the push for remote work, people found out they didn't need all those clothes they bought previously just to wear to the office.
But 14 is fine right??? 😂😅
Damn I am only at 5 pairs of blue jeans
Outlet malls pretend to offer deals but don't.
Online retailers, streaming services, car payments, and payment plans for $ 1200+ phones is one reason people don’t shop at outlets. Rising rents, cost of living, and stagnant salaries is the other side of it. This is just a result of being pushed the furthest we can possibly tolerate and now they are crying that we are prioritizing self preservation over their superficial goods.
You’re broke
Exactly. All companies think that the US resident has unlimited spending power - that we can pay 50% more for housing than we did 5 years ago, that we can spend $125 for basic jeans, that a $150 dinner out is reasonable for 2 people. Nope, none of it is. We don't have that kind of money.
@@charleshawk6668 yes, we are. Could you lend me 500 dollars please
Wait, didn't the President just say we were all in the best shape ever?
Don’t forget student loans😢
Outlets just sell at standard prices these days. There are no advantages to going to the outlet mall.
Outlets are a scam today.
Outlets mall made sense in the 1990s early 2000s.
Items were merchandise out of season or returns from main stores.
Then companies started making lower quality products to sell at Outlets only stores, and at prices just slightly lower than the real product.
A total scam to the customer.
It's the big retailers' fault, you dont find deals anymore, they stuff it with things just as expensive and think customers won't notice
When I was in high school in the late 90s, outlet malls were where you went to buy name brand things but a season behind. I bought gap jeans that were in the non-popular washes/colors for $10, but they lasted forever. now they are crappy and don't last.
All the brands that used to be reliably mid-range - Gap, J.Crew, Tommy Hilfiger etc. - are turning into fast fashion crap, unfortunately. I will say though, there are still some decent items at Gap if you look around. I’ve had good luck with buying T-shirts off their website
if you want good clothes shop online for Eropean clothes they will cost a little at times but they will last for years
@@newmobile1455any recommendations?
Same, we used to go to the outlets in Lancaster, PA and get really good deals on nice clothing that our HS/College budgets could afford.
buying bling is expensive jeans and t shirts never go out of style and mine come from Euroupe and non made in China 15 year old jeans still looks good
I'm old enough to remember when outlets actually had low prices.
Pretty clear why this is- consumers are savvy and have caught on to the fact that 95% of products in U.S. Outlet stores are made just for the outlet stores using lower quality materials vs. the main brand. Since there's no great value, it's not worth the inconvenience of traveling to an Outlet mall. Unfortunately for brands like Nike, Coach, Ralph Lauren, Gap- the majority of their bricks & mortar retail revenue and profit comes from the Outlet business.
I don’t feel like going to the regular mall to shop, let alone drive 30+ min out to an outlet mall when I can shop for exactly what I want online vs rummaging thru junk to find a “deal”
Facts
Exactly! Plus, ordering online saves well over an hour of your time per trip.
@@davidcantor293 yes! It used to be fun to go to the outlet growing up. But times have changed. I value my time and walking aimlessly around an outlet mall isn't worth my time anymore.
This , exactly
@@KristinaNorman Yes, more time to stare at your phone.
The problem? Outlets aren't really outlets. Some retailers have send inventory directly to the outlets instead of the usual clearance, off-season, or excess inventory.
It needs to reduce the stigma that it's just an outdoor mall.
Like many of these comments mention, I think this video misses a huge point that consumers have realized brands are now making clothes specifically for their outlets with cheaper, lower quality materials. So it’s no longer a “good deal” you’re just paying less for a crappier item….
most clothes, products and even homes and buildings today have become a cheap cartoon imitation of the past great crafts.
As usual, corporate greed is guilty of their own demise. Once their prices started climbing, and people no longer see value in the outlets, there is no reason to go out of your way to shop there.
Nope. They will be compensated for their "losses" by government subsidies and tax breaks.
Also, another thing frustrating about retail stores often they don’t have what you’re looking for. Something that normally they would carry. They will say well we don’t have that in stock, but we can order it for you and have it here the next day or delivered to your house in the next few days. We have to order it online. Well, if that’s the case so why even show up to the store we might as well just do it ourselves online in the first place and avoid the potential for wasting time and gas going to the store and in turn having an online order. This is wiping out the advantage retailers have over online shopping.
Marshall’s, TJ Maxx, Ross and Nordstrom rack has a better edge than outlet malls. I notice outlet malls tend to be in very obscure areas not too accessible near high populated areas so it’s kind of out of the way to get there. Also prices have gone up it is almost the same as buying from the actual store!
I haven’t bought anything from Nordstrom rack in a couple years but my impression was always that they still had really high-quality stuff. I hope they haven’t slipped into the fast fashion thing like Gap and Old Navy, where you may as well buy this Garbage on Shein because it’s the same crap quality
Yep not only are outlets far they are not located in the nicest parts of town. These are typically areas that don’t offer much. I’d rather shop online. Amazon for athletic wear. Direct to consumer brands for business attire.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Impressive gains! how can I get your advisor please, if you don't mind me asking? I could really use a help as of now.
Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
In Las Vegas, where tourists think they're actually getting a deal going to outlets, locals know that the outlets of 20-30 years ago, no longer exist. You would go to the outlet knowing you were getting off-season merchandise because it was A LOT cheaper. You were ok buying shorts in the winter or long sleeves in the summer, because you didn't care about fashion. Now Outlets are just regular malls, branded as outlets, to make people think they are getting a deal. To compete with online stores, outlets should price their merchandise the same as it is online or only slightly higher, like $2 more. People would go to the outlet, just to not have to wait 2 days for their item. But if it's $10 more in the store, they'll wait. But again, what made outlets successful, is that things were SIGNIFICANTLY cheaper. That's why you would drive to the middle of nowhere to go to them. Now, their prices are the same as everywhere else.
I just assume that they're struggling because instead of good stuff at a discount, those stores are filled with low-quality crap made for the outlets. The savings aren't even that great any more, what reason is there to even go there?
Went to an outlet mall to find some shoes for my son. All 3 stores I checked didn’t have his size. Should have just shopped on Amazon instead of wasting time!
I HATE shopping. Things are of such low quality or when you go into a 'better' store, the prices are so absurd. You go to a medium priced place where in the past you bought a t-shirt knowing it would last you 8+ years. Now you go into any store and you know just by touching and looking at the item, that it is going to fall apart within a few washes. And not to mention the sale madness. You see a shirt you love, it's 100 dollars, fine, you buy it, but a few days later it's on sale for 30%-50%. So do you become the bad consumer and bring it back, get your 100 dollars back to buy the same for $60? Or worse, same brand, but they have an online sale and everything you saw in the shop is %10 off with free shipment. I'm scared to buy anything now because I fear it will become cheaper on sales, but maybe during the sale my size will be sold out?! Plus we are more aware of the environmental impact of the textile industry, so why aren't there better quality control mechanisms? (and yes, I prefer to buy 2nd hand these days. It's cheap and often much better quality!)
Outlets aren't outlets no more there ain't no discount fr that make u go o imma buy that
It's always cheaper options online.
We (Bangladeshi) students are currently peacefully protesting against quota,but Student League an organization of the government ambushed us.Nearly two hundred people were injured and many were killed in the attack. At this time we need you very much because the journalists of our country are on the side of the government.They have no news on this issue.They have not promoting about on this issue.Seeking freedom has now become a crime for us.
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#no_more_quotha
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#focus_on_bangladesh
Many reasons:
- most brands now offer their clearance items online. They don’t have to worry about hiring store reps and high rent for outlets stores.
- the rise of 4-payments option allowing buyers to get their stuff online and split the cost over time.
- the rise of online competition where you could literally get the same discounted Gucci Bag from Amazon and other online retails for prices cheaper even than Gucci’s outlet store.
It’s only a matter of time before the outlet malls disappear or relocate to rural areas where shopping by mail is not an easy option.
Outlet malls went from being the home of rejected but mostly GOOD quality products with a quality name behind them to being simply lower quality than the already poor quality products (with the exact same name behind them). I point to LL Bean as an example of this happening pretty much in real time. They went from having an unlimited warranty to only have a single year warranty on their products (along with not allowing the replaced product to be returned if THAT one fails as well). They attributed a combination of factors, but it included the changing clothing techniques (lesser quality zippers, sewing techniques changing to allow for style over function).
online sales come to your house and they usually have the right size unlike most stores which did not always have what you needed
Here in Denver one of the largest malls (Cherry Creek) decided the genius idea to start charging for parking... instead of attracting customers they are doing the opposite...
That’s the least of the problems with Denver. I lived in Denver for 21 years. Went to cherry cherry mall twice in that timeframe. The first time I was dragged there by a GF. The last time was 20 years later, because it was the only Sears still around.
It’s pretty cheap parking. I’ve only ever paid $2.00 to shop at Cherry Creek. Try parking at Boston’s Copley Square or at Prudential, it’s $20 and up.
I went to 2 outlet malls looking for a piece of Samsonite luggage. Both outlet malls have the brand store, however, the cheapest single hard-shell piece is over $159-, and 2-piece set starts with $199, anything look slightly good is $299-349. Well, one can buy a 3-piece set good looking luggage for $149 in Costco when it is available. Same goes for Ricardo. One piece I liked was for sale in Costco for $79, but outlet mall wants $149. I definitely do not want to pay the intelligence tax to outlet mall.
I ended up getting Samsonite luggage from an online vendor... maybe it was Amazon. It was a bargain. The Samsonite store at a Tanger outlet had prices so high they were laughable.
I understand the challenges of any malls. I hope they still flourish, I do enjoy seeing the actual product and be able to determine whether it's a good fit or not. I also enjoy experiencing and seeing the human interaction happening.
I feel the same way. We only have a couple of malls here in the Portland metro area which I’d describe as doing OK, and one of those is already starting to slip a bit. It lost its main anchor, Nordstrom, which is never a good thing
I like it when cnbc does mini docs
They do a great job. I also enjoy the mini docs from Vox and Fortune
This is the worst I've seen most presenters are just not it
Yeah, it's a nice and simple format. Doesn't try to get all glitzy with the animations. Music fits in.
Biggest turn offs at shopping in person is the store employees attitude, time consuming, travel distance and their return policies
Depends on the outlet. I’ve been buying my winter jackets at the Northface outlet for the past decade and I am pleased with everything I’ve purchased there. The prices are far more reasonable than their normal retail prices. On the other hand, the J.Crew factory store, which is their outlet, has really low quality stuff. It’s cheap, but it also shows. So, some stores you’re better off buying from the official store in my opinion
While I agree with this, the North Face has also lowered their quality pretty dramatically the past 10-15 years. I rarely buy their product now.
All malls in my city and the surrounding cities are being closed down and replaced by luxury homes, luxury boutiques, and upscale restaurants. The outlet malls are some distance away from my city so most folks looking for retail deals are shopping online. The mall model with big box anchors is rapidly disappearing.
I was just in the Philippines, and they have two of the eight largest malls in the world! And the way they designed their malls is not catered on solely for shopping items! It is well thought out, you can go the park? You can have a margarita in the park, surrounded by green grass and trees! You can host an event! You buy a Ferrari you can go the church and have a wedding there! You can watch movies and play dota at the same time! All in a single mall. 😂
there's government offices as well, office spaces and condominiums on the upper floors. During calamities it is also an evacuation center. The only thing missing is funeral parlor.
Not to mention, you can still buy perfect quality items with outlet prices from outlet places there like Acienda outlet mall, Paseo outlet mall, SM Clearance outlet and others.
As for malls in general there whether they're indoor enclosed malls, lifestyle centers, strip malls, commercial centers, or whatever... They're treated like mini cities where you can find everything. Some even offers mini hotels within malls.
Ferrari in a Philippine mall? What mall is this?
You can also buy groceries inside the mall in Ph, unlike in the US Walmart is a separate establishment.
@@phoenix5054 Maybe the Mall of Asia
I used to spend a lot of time shopping at stores in outlet malls, looking for bargains. I would need things to cost 20 to 35 cents on the dollar in order for it to be worth buying. I practically NEVER found anything at a deep enough discount. So there were all these trips I made and all these hours shopping, but I never bought anything because nothing I wanted or needed was ever cheap enough. So yes, I have abandoned outlet malls, just as the title of this video suggests.
it’s getting way too hot outside these years for outlet malls
These were fun a couple of decades ago. Now, we all get it that they're not really outlets at all, never were, and that the exact same things can be found for much less online. But let's thank them for all the new flea market spaces these 'outlet' malls have created for us.
Malls here in the US needs to look at malls around Asia like the Philippines. Malls in Asia, you will find not just clothing stores, but more like movie theaters, bowling alleys, arcades, amusement rides, skating rinks, live music featuring local artists, and tons of food options! This is how you can beat online retailers and remain relevant! You got to sell customer experience!
No matter where you go, you are never far from a vacant SEARS parking lot with doughnut tire tracks.
I remember an outlet mall where our family had some acreage and an older house we would drive to maybe 4 times a year to attend to. 20 years ago we got great deals of actual leftover merchandise. Over the past ten years prices ended up being the same as an ordinary retail shop. No deals to be found at all and no point of going there anymore.
Most outlets aren't worth shopping at because they just sell garbage made for the outlet. The only outlet stores worth shopping at are the super luxury outlets that only have one or two outlet stores total.
True!
There's a luxury outlet near Paris France called La Vallee. We did purchase a few items there Tod's mens shoes for €80 The Wolford store was pretty good too my wife found pantyhose marked as 'seconds' for about half retail price as well as body wear ,Wolford is a high end brand so it was good to find .
Also online shopping is one of the biggest factors that appeal to people. especially the younger generation to shop instead of going to the outlets.
The many factory outlets are not dying in Orlando; it's still an attraction for tourists (mostly foreign).
The outlet mall in Orlando is the best I've ever seen and would travel back there specifically for that alone.
I was in Orlando last month and the prices are crazy expensive now. From grocery to fast food. 20usd for an inexpensive meal is insane.
I live in Orlando and I don’t even go to outlets anymore because of tourist buying they raised the prices up and locals don’t really shop there as much
We have one outlet mall here in Tampa bay near Ellenton and it’s ALWAYS packed. I can’t find parking even on a Wednesday noon.
That's because taxes in foreign countries are typically over 15%. NY outlets also have mostly foreigners
By the time I was shopping in the 90s “outlets” were no real bargain. Lower prices were more myth than reality.
I rarely go to malls. I always have a specific purchase in mind before I go.
Mostly the same for me too, these days. Sometimes though, if my wife is popping into the mall to get something I will poke around and occasionally walk out with something new. I try not to impulse buy, though
Well ur generation doesn't see malls as a social place, we did, malls were a fun place as a teenager, and we weren't glued to a cellphone either. I truly believe those phones have stunted alot of y'all's generations maturity levels. Obviously not everyone, but just watching interactions of Gen z in confrontations it's almost always emotional vs logical.
@@MagikFingers420 In that case, you must be lost generation, boomer, or even older.
@@ninjanerdstudent6937 what? See y'all can't even do math properly
@@ninjanerdstudent6937 do you not realize malls were so fun in the 90s, who was teenagers in the 90s. So sad y'all have a cell phone with instant information on 99.99% of everything and yet Gen Z and Gen Alpha can't even answer grade school stuff like geography, simple math and history of America. I've watched so many videos watching them get stumped on simple questions. Come on y'all, you have to run the world one day, oh my.
Interesting, thanks. My "go tos" are Costco, Amazon, and and a few specialty online retailers.
You neglected the issue of time. Most outlet malls in Houston, where I live, are an hour or more drive away from where I live, too far away.
Outlet malls have little for older people as well.
outlet malls no longer are outlet/last years model being sold for deep discounts, walk into any outlet mall and the stores are stocking the same items for the same price as their counterpart in regular malls
Retailers are forced to pay exorbitant rates by mall owners. It’s crazy. Now with online shopping, malls and similar commercial spaces will cry because retailers simply can’t not survive.
A good number of the stores in outlet malls are regular stores and offer no discounts. Worked for a store that had a lot of stores in outlet malls and people would say "I got it for a deal at an outlet". We had the same prices as the outlet store.
Outlets now are not a bargain like before. Definitely much cheaper online and better quality. Consumers got smart to Outlets tricks.
Because of the fast internet and the growing number of mobile phone users. More and more individuals prefer to shop online instead of visiting shopping malls. Today's young people no longer gather to bond because we now have "group chat". TVs at home are no longer used for bonding or being with family and friends, but rather as a decorative item. This is just one of those things that will gradually go away, and I'm not sure where it will take us... But I just wanted to share... I miss those times when you go out and rent a VHS at a video rental business; your energy is high because you're browsing for movies, possibly due to enjoyment or excitement. If I compare today... While sitting on the sofa with the remote control, I'm running out of time scrolling through a Netflix movie till I get dizzy and fall asleep.
online shopping is the rootcause of declining volume of shoppers going to the malls.
About 90% of my wardrobe is from my neighborhood Costco. Good value and it works for me. 😅
Yup!!! Sometimes they have good clothes and so cheap!!! Except for sneakers... those you need to look elsewhere.
Drive 2 hours to the middle of nowhere to find some junk… maybe. That’s why.
Most outlet malls I go to anymore have the same items as the regular stores for the same price. Nothing like it used to be. You would go in winter to the outlet and they had last years summer leftover and discounted cheap. Not anymore. They open a store and just add the word outlet next to it. Nothing discounted about it.
The actual strategy for outlet malls has been to put them far away, as consumers are more likely to purchase something if they’ve had to travel a far distance to get there, as not “waste “the trip.
Not to mention lower real estate prices in remote areas.
Basically, you’ve driven all that way so you had better find something by schlepping around the entire mall.
In states like California, where the malls are located in hot dry locations, it can be so oppressive because they don’t put up shade and benches to relax, with an intention to keep people moving from air conditioned store to air conditions store.
As we’ve gotten older, and the temperatures have gotten hotter, we no longer shop these malls . We only stop in to buy something specific at the few stores that we like… like Coach, which is selling colorful if not high-quality products developed specifically for the outlet malls.
And we only stop in when we’re traveling and happened to pass. Simon has made so many of its properties inhospitable that it’s simply not worth the trouble.
Are they really struggling? I see them jam packed friday through sunday, impossible to find parking.
Some are.. There's a giant one built in my area within last 10 years complete ghost town now
The question is whether people are actually buying things. I used to see people with bags of stuff. These days it’s maybe a bag or two. It seems more of a place to hang out than actually shop.
@@marcl7307when I was a kid I would only go to look and see women lol that was it
I don’t even go anymore
I would never shop at a mall unless it was clearance and I really want that item
We stopped patronizing Outlet Malls because they operate under pretense that you save money, while things there cost same as in regular stores.
I'm surprised more closed malls haven't been turned into outlet malls. Part of the problem of outlet malls is accessibility. They are usually in harder to get to locations because of land costs, but if they were more accessible for people who don't always have cars at their disposal there could be great potential for new shopping options.
The rationale for the location is that the companies don't want to poach business from their own stores. If they located them in urban centers, that's what would happen.
@@DonoVideoProductions But they do have outlet stores in urban centres, sometimes in regular malls alongside non outlet stores. I've seen it many times in different cities.
@@johnnolan5579 Individual stores, not malls, which is what the OP was talking about.
My theory is that vast majority of people tries to keep up with the Jones. That means they have to buy labels. Think coach, Calvin Klein, Ralph Lauren etc. But outlets started to sell all these brands that anyone can afford including the not so well off. So the brands can be seen worn by everyone. The Joneses competitors can't shop those brands anymore because everyone has the same brand and everyone knows you're either wearing outlet purchase or it's a knock off. You can tell who is actually wealthy and who is pretending.
Only some companies still use outlet malls for their original purpose which is as a giant clearance center, Adidas and Nike and shoe stores are a good one that comes to mind.
Most of the clothing though is companies slapping a label on a much cheaper product and selling it at a price worthy of the lower quality. They've completely gotten rid of the original reason to go there, so why even bother?
I think the question could be on reverse, why malls are thriving outside the US? Because here in Asia, malls are still go-to place where people want to eat together or simply hangout with friends. From what i know, malls in the US mostly in the middle of nowhere, whereas in Asia mostly in the city center. Also malls in here aren't necessarily super big like in the US, so they don't have operate at large scale as long as the tenants are in demand.
Think of it this way. Imagine when you go to the shopping mall and how it feels to be around that vibrant atmosphere, the smell of the food court, the sound of people, the lighted signs of the various stores, the excitement of finding something in person that fits you just right - and compare that to scrolling through a bland website or app on your phone, at home, alone. There’s no comparison. We can’t just completely let the in person element of our society go. Humans need to be around each other and stay connected not just through little pieces of glass and plastic
I went to the mall last week after almost a decade and really enjoyed the experience.
Outlet stores used to have left over stuff for 50% off. Now everything is the same price as the regular store at the mall.
I, nor anyone I know, can’t remember the last time we went to an outlet store!
Outlets Malls are just malls now. The markdown disappeared years ago due to greed. They offer no value anymore so they will disappear.
Outlet malls just seem like regular malls now. The prices aren’t any different.
Outlets don’t offer discounts any longer. Plus, the price of everything is going up, so people are making smarter choices with their money now.
People don't want to have to drive (and get stuck in traffic) only to spend time in an artificial sprawl. They'd rather go to a downtown area that seems more organic, especially if it's walkable and has public transportation. There's a lot of backlash against malls and outlets in the younger generation as well.
The quality of the regular stores has already gone down so much - why would I pay for the garbage at the outlet? There's maybe one outlet clothing store I'll consider (Banana Republic).
The issue for outlet malls this video isn’t including is the temperatures are getting hotter. That’s going to hurt the outdoor experiences the outlet malls are trying to put.
Shopping Malls were for rural people that have to drive to go shopping, so go where you only park once. The Post Office is closer, now so the internet gets the business.
I prefer TJ and Marshals over outlet malls for shopping, but for a fun experience for my family I prefer an indoor mall, but if I’m really on a quest for a specific outfit or piece of clothing, I’ll go to the fancy open air mall. But when I lived in rural WI an outlet mall was closer than driving to the cities to go shopping, plus back then it was a LOT cheaper
My generation thinks if you buy stuff at a mall then you’re a sucker.
Of course they are, who wants to pay 85-90% of regular price for flawed or cheaper quality items. Even chain bargain stores and the online marketplace stores or major brands are selling their seconds are "New" flawed items when the customer should be getting a "perfect" item when it's described as new.
I’ve never even been to one and I expect I haven’t missed out on a darn thing. 😂😂😂
1. outlets were the places to find better deals, now a thing of the past.
2. Some lively environment, hanging out, window shopping, and probably some real shopping in the malls. This was and still is an idea for many people.
3. With AI and automation coming in, more and more people are pushed out of their jobs. Now everyone thinks twice before spending on gas to drive to some mall and ending up with unnecessary stuff bought.
On one side, the industries automate everything, increase production, AND reduce jobs. These jobless people were your consumers once upon a time. And now the same industry struggles to stay up float with reduced consumers.
There is no value there. Those places are just as overrated and overpriced as the malls.
Outlet malls isn't really an outlet mall. Literally, you drive 20 miles or more to visit an Outlet mall and they literally have 5% of the merchandise at Outlet prices. And these items ranges from crap nobody buys after 3 years being on the shelf, a Superbowl shirt from 2 years ago, or a broken coffee maker. The rest you can buy at any other mall. Outlet is more of a ploy to bring shoppers in, it may worked some years ago...but now majority of these shoppers see that it's not really an Outlet (Bargain) mall.
Is that guy an AI avatar
I couldn’t hear anything over the way he kept saying “outlet malls”
He probably has his Zoom "touch-up" option set to max so, his face looks weird.
😂😂😂😂
Vampire teeth
@@DKudratt His voice sounds funny because he is British, but he oddly says outlet malls in the American fashion "mawls", not "malls".
I don’t mind shopping online, but sometimes it’s so cool to go to the store and feel the clothes and see the people and go to the food court and things like that because get this sometimes we don’t find it online you at the mall trying to find it anyway🤣
Tech bros teamed up with laziness to make the United States a boring, desolate wasteland.
Suburbs are the boring, desolate wasteland. Cities are still interesting. (At least, compared to the burbs)
@shsd4130 every US city is a suburb except NYC Chicago and few more.
@@sdsd4139 true. Very true.
😢You may be on to something
There is no such thing as outlet malls anymore, its just re-branded retail shopping
Why spend a lot for sub-par quality items at an outlet store when you could spend a fraction of that for better quality items at a thrift store?
I haven’t been Thrifting for a while but I’ve been reading even those are starting to fill up with secondhand fast fashion trash, so I don’t know if that’s going to be a reliable long-term approach either. I hate how everything is so cheap and disposable these days
Consumers have figured out that outlet merchandise is of inferior quality to match the price.
Not necessarily.
Who can afford to shop at outlets? Not me.
The reason these places are dying is because is so easy to shop and compare prices instantly and get the bottom of the barrel price. Malls had an advantage of being convenient but now that doesn't apply. Someone can live in CA and shop from a seller in any of the other 49 states and/or globally to get a better deal. There is no real benefit any more to shop at local mall outlets. It's so easy now to buy directly from the Brands you love and they offer great sales. At least 4 times a year Levi's runs sales where I am able to get jeans for around $12 with free shipping, use a cash back app and a discounted gift card and price comes down to $10 all without leaving home. Mean while the same jeans at those outlet malls would be 3x or 4x higher. It's a no brainer.
Yes they charge just as much as regular malls. Cheaper to shop online tbh
The outlet mall by me is always slammed with people. It was one of those 90s Mills properties that Simon bought up. When it was built, it was built just four miles from another mall, so that started to suffer the very month that it opened. People blame e-commerce, but the truth is that there were simply too many malls.
Anyway, Tanger built an outlet not far from me, only it’s outdoor. Even during Christmas, it’s a ghost town. I like how they integrated free charging stations for EVs, because if you actually do need to charge, shopping gives you something to do. But being outdoors it’s either too hot, or too cold, or raining. As I type this, it is currently 97 degrees, with a heat index of 104. It’s also suppose to get hotter later today.
Outdoor shopping centers in general are a horrible idea. When I go to one, it’s just to one specific store. I don’t walk around and shop like I would indoors. That said, I went to two different ones in Florida, also both owned by Simon, and they were slammed with people! Of course there was another outdoor outlet Simon owns that was busy, despite the intense heat. I haven’t been back to it though… …it sort of made international news I believe. You see, with indoor malls, there are signs everywhere telling you that no firearms are allowed, but it’s difficult to post these signs at outdoor malls. I’m sure if there were a sign that was made more obvious to people, all those shoppers would still be alive today.
There is a large percentage of the American population that prefers to NOT walk. Outlet malls require walking outside.
Maybe if they walked more they wouldn't be so obese. Honestly America needs more walking/activity places and shops, but it needs to be affordable.
I haven't watched the video but in Miami they're probably struggling because it's so freaking hot outside
TERRIBLE land use. Too much parking with no housing units
Add some townhomes in the parking lots and build units above the shops