At the outlet that I go to, you can return new, unused items back to that outlet and receive the refund in the same manner as you used to pay for it. Cash back if you paid with cash, etc.
Yup, I lost $ on one of the bags I returned but I will never use it so I just sucked it up and returned it to get what I really wanted.Also, without a receipt- you get the lowest price sold if it's an outlet item :/