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In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. The company had a total revenue for 2011 of US$3.4 billion.
Great Lakes Crossing Outlets: Auburn Hills: 1,400,000 sq ft (130,100 m 2) Enclosed 180 + Super regional outlet: Taubman Centers Lakeside Mall: Sterling Heights: 1,550,450 sq ft (144,000 m 2) Enclosed 150 + Super regional full-line Out Of The Box Ventures Fairlane Town Center
The average outlet center has an area of 216,000 square feet. In 2003, outlet malls in the U.S. generated $15 billion in revenue from 260 stores. The number of U.S. outlet centers increased from 113 in 1988 to 276 in 1991 and to 325 in 1997 and 472 in 2013. Outlet malls are not an exclusively American phenomenon.
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Retail. The Outlet Company, Providence, Rhode Island, c. 1910. The Outlet Company was formed in 1891 when brothers Joseph and Leon Samuels opened a department store at 176 Weybosset Street in downtown Providence. Known as The Outlet, it quickly became a Providence landmark to the point of occupying an entire city block and attracting shoppers ...