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by Josie Rubio

Are you a chic but savvy shopper who loves quality goods and brand names, but refuses to spend an entire paycheck at high-end stores like Michael Kors and Coach? Fortunately for consumers like you, outlet stores for such luxury brands, like Last Call Neiman Marcus, Nordstrom Rack, and Saks Fifth Avenue OFF FIFTH, are rich in designer goods at deep discounts — and they’re growing in numbers.

These outlet stores aren’t just appealing to bargain shoppers, however. Business Insider explains how the upcoming sale of Saks Fifth Avenue to Hudson’s Bay Co. (which owns Lord & Taylor) highlights the growing importance of outlet stores for the luxury retail giant. Saks OFF FIFTH currently operates 67 locations in 26 states — a significantly higher number than its 41 full-service stores — and has plans to open 25 more outlet stores in Canada.

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