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Outlet Malls and Factory Stores: Deals or No Deals?

The markdowns may look fantastic, but how much are you really saving?

En español | Harold Alfond, founder of the Maine-based Dexter Shoe Co., had an entrepreneurial epiphany in the mid-1960s. Rather than continue to sell the occasional pair of slightly irregular, "factory-second" shoes manufactured in his plant to jobbers — who in turn marked them up exponentially and sold them to the public — why not cut out the middleman and sell the defects directly to the public himself?

With that, the concept of the factory outlet store was born.
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