The 1941 line is/was
Coach's more upscale line with premium leathers, sometimes leather lined bags, heavier hardware, and more details. Within the past couple of weeks, it looks like Coach is doing away with 1941 and blurring the Coach New York and 1941 lines together.
Coach Outlet stores are actual outlets, if you go to the store locator section on their site, it lists both boutiques and outlet stores when you do a search. And they do have a separate website,
www.coachoutlet.com but you have to be invited to shop there. I've been banned from it for several years now.... The outlet sells their own lines of items, we call them MFF here (made for factory) and they also sell deletes, which are full priced overstock from past season.