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The outlet business is growing at a faster pace than the larger apparel market.
Over the last 10 to 15 years, the outlet business has changed considerably, market experts said.
Neil Stern, senior partner with McMillanDoolittle, a Chicago-based retail consulting firm, said that the mall reflected a shift in the outlet business.
Woodbury Common does a large portion of the country's outlet business, with more than $1.3 billion in sales annually, or average sales of roughly $1,550 a square foot.
But Saks also has a number of mall locations that are thought to be less profitable, and it is trying to build an outlet business with its Off Fifth concept.
Saks said in its most recent reporting period that it experienced relative strength in its women's designer sportswear, handbags, shoes and jewelry categories, as well as its OFF 5th outlet business.
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Fourth-quarter revenue fell 4.9 percent, to $5.43 billion, after the company left its catalog and outlet businesses.
Sears said this was mostly a result of the separation of its Sears Hometown and Outlet businesses, the impact of having fewer Kmart and Sears stores in operation and lower revenue from stores open at least a year.
Again, Forrester sees this shift stating in a recent report that as mobile matures as a marketing outlet businesses it will become imperative to constantly iterate the entire marketing approach.
Media outlets Business Insider and Forbes reported on the news earlier today, citing an amended SEC statement.
Personally I have no problem with media outlets, businesses and individuals making jokes at the expense of homophobes, or hanging out the queer pride flag.
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