a store that sells factory-made goods directly to consumers for less than current retail prices.
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British Dictionary definitions for factory outlet
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012