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The campus also includes Mrs. B's Clearance Center and Factory Outlet. Both the Omaha and Kansas City locations house over 85,000 furniture items, 185,000 appliance and electronics items and over 1,000,000 square yards (840,000 m 2 ) of carpet.
It was called "Mrs. B's Clearance and Factory Outlet" and was situated directly across the street from the Furniture Mart. It became profitable by 1991. [1] Buffett acquired the business in 1992. [1] Blumkin continued to be involved in day-to-day operations until shortly before her death at the age of 104.
The average outlet center has an area of 216,000 square feet. [2] 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. [2] Outlet malls are not an exclusively American phenomenon.
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The 1,600,000-square-foot (150,000 m 2) mall consists primarily of factory outlet stores. [4] As of early 2021, the surviving major anchor tenants included Marshalls and Burlington. When the mall first opened in 1989, the original anchors were JCPenney Outlet, Sears Outlet, Ports of the World, 49th St Galleria, Reading China and Glass, and Phar ...
Sears Hometown and Outlet Stores initiated a program to franchise Sears Outlet stores in 2012. In 2013, home appliances made up 78% of Sears Outlet's sales revenue and total revenue from Sears Outlet stores was $610 million. [42] In 2014, Sears Outlet partnered with the Make-A-Wish Foundation to support children with life-threatening conditions ...
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In 2016, the outlet center was sold to Ultra Outlets USA, a company based in Columbus, Ohio, for $2.3 million and was rebranded to Ultra Outlets of Medford. A number of major improvements to the infrastructure, design, and functionality of the center were made over the next few years including the repavement and new traffic configuration of the ...