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Outlet Stores Aren’t Actually a Great Deal. Here’s Why

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What Penny Hoarder hasn’t been tempted by the thrill of a good deal?

If you’re into brand name goods, you’ve probably been lured to the local outlet mall in the hopes of snagging some luxury items at deep, deep discounts.

Whether you’re shopping for mid-range brands like Gap and Banana Republic, or the higher-end houses, like Coach and Burberry — outlet malls seem like great places to splurge at a fraction of the cost.

But are you really getting huge discounts at outlet stores? Unfortunately, the answer is usually no.

Here’s the truth about outlet stores that they don’t want

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