Kohl's is the Latest Retailer to Go Outlet Crazy

Kohl’s is about to try its hand at “off price” retail, becoming the latest retail chain to open an outlet store to lift sales and profits. The department store will open a single 30,000 square-foot store in Cherry Hill, N.J., near Philadelphia, in June that will be stocked with “like new” clothes, accessories and home goods returned to Kohl’s stores or its e-commerce site. Discounts will be 70 percent to 90 percent off of full price.