We have an outlet here- I love it! You should expect to pay between $150-$200 for a "tote" style bag, if I recall correctly - I usually buy smaller bags, and they run $90-$120. Wristlets are $39.99 with their 20% coupon, so $32. Wallets are around $79 or so.
There is outlet specific merchandise, but the outlets also carry store items, either overstock, discontinued, or the motherlode of savings, the *damaged* item - those are usually outlet priced, which is roughly half of retail, minus an additional 30% or more. They may have small watermarks, or other damage -but nothing that affects the integrity or the appearance (you have to search for the damage, sometimes) the bag.
An interesting thing I learned recently - if the item has a dust bag, it's a made for retail item. Made for outlet stuff doesn't come with dustbags.