Real Dictionary

factory outlet
A factory outlet is a shop where a factory sells damaged or out-of-date goods directly to customers at reduced prices.

factory outlet in American English
noun: a store that sells factory-made goods directly to consumers for less than current retail prices

factory outlet in British English
noun: a usually low-rent site leased by a factory to sell its end-of-line or damaged stock direct to the customer at reduced prices

factory outlet in Retail
noun: A factory outlet is a premises in which a manufacturer offers goods for sale direct to the public. Such outlets are often cheaper than retail stores because retail costs are not included.