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An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock , closeout , returned , factory seconds , or lower-quality versions manufactured ...
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During the 1970s and 1980s, Service Merchandise was a leading catalog-showroom retailer. At its peak, the company achieved more than $4 billion in annual sales. As the company expanded, it began to open showrooms nationwide, mostly in the vicinity of major shopping malls, which were in vogue in the 1970s.
Company was liquidated in 1999, though some chains it operated, including Bakers, have survived. Fashion Bug – plus-size women's clothing retailer that once spanned more than 1000 stores. Parent company Charming Shoppes, which owned other plus-size retailers including Lane Bryant, shuttered the brand in early 2013.
The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada. [2]
The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials. [5] The company changed its name to Floor & Decor Holdings, Inc. in April 2017. [2] [6] The company doubled in size in the five years between 2011 and 2016, and revenues went from $277 million in 2011 to more than $772 million in 2016.
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