It's more of a FACTORY store as opposed to at outlet I guess. When I think of outlet I think of a place where stores send their end of season merchandise etc. to clear it out. Factory stores to me carry factory made items and the occasional markdown of end of season merchandise. At the MK outlet you will see a lot of bags that are factory bags, but the price is not that much cheaper than the boutique bags. But the quality is still very good - MK doesn't seem to want to differentiate his factory bags from his boutique bags very much.
But if you are looking for wallets, sunglasses, etc. - those prices are excellent. I got a great wallet for $79 and gorgeous sunnies for $79 too. And the clothes are fabulous - don't forget the clothes!!
Good luck and have fun - hope you find something!!