There are two Las Vegas Premium Outlets in the city; the one located on the north end of the Strip just off of Charleston Boulevard past Stratosphere is an outdoor shopping mall while the one located south of Mandalay Bay is an indoor mall.
This is an incredibly popular shopping mall for both locals and travelers who want to get great deals on dozens of name brand items. You can find high-end retailers like Coach and Michael Kors mixed in with the likes of Charlotte Russe, J. Crew and Nike Factory Store.
The north outlet mall has a shaded structure of the outdoor food court, so those who need a break can do so without baking in the heat.