YES. When I visited Phoenix last year, I checked out Last Chance. I thought it was the NR outlet but it was more than that. This is apparently where they sell the returned merchandise they accept.
Some examples of what I found at Last Chance. They had a bin of bras. All were $5.99- lots of great brands like LeMystere and Chantelle. The new merchandise was mixed in with clearly worn and washed bras as well. I found a white Kooba purse that someone had spilled punch or red wine on. Maybe it happened at the store, but I thought it was a return. It was still $100! There were a ton of mens suits that had been altered and then returned.
It's an interesting place. Some definite deals, but there was some pretty gross merchandise too.