FACTORY STORE Meaning and
Definition
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A factory store, also commonly known as a factory outlet or outlet store, is a retail establishment that sells products directly from the manufacturer to the consumer. These stores typically offer a wide range of products, including clothing, footwear, accessories, home goods, and electronic gadgets, at a significantly discounted price compared to regular retail stores.
The concept of a factory store originated as a way for manufacturers to offload excess inventory, irregular items, discontinued products, or unsold merchandise from previous seasons. By selling directly to consumers, manufacturers can avoid middlemen and distributor markups, allowing them to offer substantial discounts to shoppers.
Factory stores are often located in close proximity to the manufacturing facilities or production centers of the company, providing an opportunity for consumers to access discounted products conveniently. Additionally, many factory stores have a wider range of sizes, colors, and styles compared to traditional retail stores, as they stock merchandise directly from the manufacturer.
While the primary focus of a factory store is to offer discounted products, some of these establishments may also provide additional services such as warranties, alterations, or repairs. Customers typically visit factory stores to take advantage of the cost savings offered and to purchase merchandise from their favorite brands at reduced prices.
Common Misspellings for FACTORY STORE
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Etymology of FACTORY STORE
The word "factory store" is a compound term derived from two separate words: "factory" and "store".
The term "factory" originates from the Latin word "factorium", which refers to a place where goods are produced or works are carried out. It came into the English language around the 16th century with the meaning of a building or establishment where products are manufactured.
The word "store" can be traced back to the Old French word "estore" or "estorer", meaning "to fill" or "supply". It later evolved to have the meaning of a place where goods are kept, and eventually to a place where goods are sold.
When used together, "factory store" typically refers to a retail establishment usually operated directly by a manufacturer where customers can purchase goods directly from the company.
