Unlock stock picks and a broker-level newsfeed that powers Wall Street.
23 Best Outlet Malls in America For Great Deals

In This Article:

In this article, we will take a detailed look at the 23 Best Outlet Malls in America For Great Deals with insights into the number of stores in each mall and people's opinions on Reddit threads. For a quick overview of the Best Outlet Malls in America, read our article 5 Best Outlet Malls in America For Great Deals.

Going to outlet malls can be a fun day out with family or friends, especially if you're looking for discounts. The best outlet malls in the USA offer a wide variety of stores, including both high-end brands and more affordable options. Premium outlets in the USA also provide discounts on merchandise, often up to 70% off regular retail prices.

A Look Into Outlet Malls Industry

The outlet mall industry has been disturbed since the 2020 pandemic. Outlet mall visits in June 2022 were down 6.7% year-over-year and 14.3% from 2019. Only 10% of US internet users planned to shop at an outlet store during the 2021 holiday season, compared to 57% shopping online and 47% shopping at departmental stores.

Simon Property Group Inc. (NYSE:SPG) is a leading global owner, operator, and developer of retail real estate, with a portfolio of 235 properties, including malls and premium outlets, comprising 191 million square feet in North America, Europe, and Asia. Simon Property Group Inc. (NYSE:SPG) launched National Outlet Shopping Day to attract more shoppers, offering deals and giveaways at its 90 outlet properties over two days in June. In the Q2 2023 earnings call transcript, Simon Property Group Inc. (NYSE:SPG) reported funds from operations of $1.08 billion, or $2.88 per share.

Gap Inc. (NYSE:GPS) is the largest specialty apparel company in the US with a portfolio of purpose-led, billion-dollar lifestyle brands, including Athleta, Old Navy, and Banana Republic. Gap Inc. (NYSE:GPS) expanded its Athleta brand with two new outlet stores in the fall season of 2022. Athleta partnered with ThredUP and Shop Premium Outlets to offer customers new online shopping experiences.

Tanger Factory Outlet (NYSE:SKT) is the lead operator of upscale open-air outlet centers. It fully manages a portfolio of 37 centers that include under development. The company that operates these centers contains 14 million square feet. It is located in 20 states and has over 2,700 stores used by over 600 brand-name companies.

Best Outlet Malls in America For Great Deals
Best Outlet Malls in America For Great Deals

Song Heming/Shutterstock.com

Methodology

We sourced data from Foot Wear News and Lists for All to rank the 23 Best Outlet Malls in America For Great Deals. People's opinions matter a lot when deciding on the Best Outlet Malls in America For Great Deals. We analyzed numerous Reddit threads using relevant search terms such as "best outlet malls in USA" and "best outlet shopping places in USA" to understand Reddit users' opinions on the best outlet malls.