Chapter
The Origin of Outlet Malls
40:03 - 43:54 (03:51)
Outlet Malls originated from the idea of retailers disposing of odd-sized or refurbished items at a cheaper price. This resulted in big brands selling products, including shoes manufactured in low-wage countries, at lower costs.
Clips
The creation of outlet malls was spawned by the sale of discounted shoes and led to the creation of off-price retail shopping.
40:03 - 41:39 (01:36)
Outlet Malls
Summary
The creation of outlet malls was spawned by the sale of discounted shoes and led to the creation of off-price retail shopping. However, the concept does not have the same success as it did in the past as consumers are now drawn to online shopping.
ChapterThe Origin of Outlet Malls
Episode#215 - What Venture Capital Will Look Like in the Future
PodcastMy First Million
The podcast discusses how cheap international products started flooding the American market, the impact of this on Warren Buffet's investments, and the business legacy he has left.
41:39 - 43:54 (02:14)
Warren Buffet
Summary
The podcast discusses how cheap international products started flooding the American market, the impact of this on Warren Buffet's investments, and the business legacy he has left.