As avid lovers of fashion we all prefer to shop brands but sadly the extravagant price of branded goods is a major roadblock for most customers. Why can we do in such cases? Well, shop at factory outlets stores of these brands and save a bundle by thriving on mind-boggling discounts. Can’t believe us? Well, read on.
What are Factory Outlet Stores?
All brands that manufacture goods procure it at their factory outlets before they are sent off to be sold at retail stores. Interestingly, when they goods of most brands arrive at the factory outlets, they are priced around the original production cost and the profits for retailers are not included at this stage. For example- A Levi’s Jeans may have the retail price of INR 3000 but has the production cost of INR 1500. The same Jeans will cost a customer only around INR 2000 if purchased directly from the factory outlet store. Isn’t it amazing?
Thankfully, we have a couple of Factory Outlet Stores of some top of line brands in our city of Noida as well. Read on as we list down these stores for you.
Jaypee Factory Outlet
Great discounts on quality garments and apparels from the brand Jaypee. Be ready for a pleasant surprise once you enter the shop. A quick look at the price tag will be a revelation. You will find that the price that you need to pay for the clothes there is much lower than the market price. Well, welcome to shopper’s paradise!
Where: C Block, Sector 8, Noida.
Call: 073013 04565
Louis Philippe Factory Outlet
Up to 50% off Louis Philippe apparel and accessories for men. Factory Outlets primarily mean a store wherein branded apparels are sold at a discount on the MRP price. These apparels are predominantly closed outs. This means goods that do not get sold at full price from their main stores during its season.
Where: Naya Bans, Naya Bans Village, Sector 15, Noida.
Puma Store Factory Outlet
Great deals here. They even offer a flat 50% discounts at times.Factory outlets have products ranging from apparel, accessories, sportswear, footwear, luggage, children’s clothing to wide variety of men’s and women’s clothing. The concept of factory outlets came to India from overseas markets like Singapore, Hong kong, Thailand, Europe and US.
Where: Neelpadam Kunj Complex, Kamma 1, Vaishali, Ghaziabad.
Call: 0120 434 8665
Liberty Factory Price Store
Brand-craving consumers prefer these outlets as they get products with brand tags at an affordable price range. Factory outlets are profitable because of low operating costs, limited services, low rents, and elimination of the distributor or retailer links in the distribution chain.
Where: Shop No.29/115, Ansal Plaza, Yashoda Marg, Vaishali, Ghaziabad.
Koutons Plus Factory Outlet
Their USP is the massive discount they offer around the year that starts at 20 per cent and goes up till 50 per cent on its MRP. For instance, a pair of Nike sneakers that you would pick up from a mall would cost you INR 2,499, but if you buy it from a factory outlet, you will just have to shell out INR 1,249!
Where: B- 54, Sector- 7, Noida.
Bonjour Factory Outlet
Apart from the discount, there are deals of ‘buy two get one free’, ‘pick any for a price of Rs 100’ and so on. Almost all major brands have their factory outlets. Most of the factory outlets operate on franchise norms while others are company owned. Some are exclusive stores.
Where: Shop No. 16-17, Ground Floor, Jagat Plaza, Block E, Chandila, Gamma 1, Greater Noida.
Call: 0120 429 6515
Reason behind their existence: With the rise in incomes, there has been an explosion in consumption expenditure. Coupled with this, the population pyramid has become younger (more than 60 per cent of the population is below the age of 35 years). Therefore, the customer has become brand conscious but is more rational in terms of his net spend to own a brand.