factory outletEnglishOxford New American Dictionaryfactory outlet /ˈfakt(ə)rē ˈoutˌlet, , ˈfækt(ə)ri ˈaʊtˌlɛt, ˈoutlət, ˈaʊtlət/ ▸ noun a store in which goods, especially surplus stock, are sold directly by the manufacturers at a discount.