Luxury retailers rev up outlet-store expansion

07/16/2013 | Bloomberg Businessweek

Saks and Nordstrom outlet stores already outnumber their full-line department stores, and Neiman Marcus and Bloomingdale's are likely to follow suit, according to a new Bloomberg Industries report. "It's predominantly an entirely different customer for these companies. They know they can't afford the full-line stuff, but they still desire the brand," said analyst Poonam Goyal.

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