Luxury retailers rev up outlet store expansion

07/16/2013 | Bloomberg Businessweek

Outlet stores already outnumber full-line department stores at Saks and Nordstrom, and Neiman Marcus and Bloomingdale's are likely to follow suit, according to a new Bloomberg Industries report. The trend follows recession-driven revenue declines at Neiman Marcus, Nordstrom and Saks, while bargain retailers such as Ross Stores and TJ Maxx saw revenue gains during the down economy.

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