My sister and I spent a day at the Premium Outlets mall. It is a long bus ride from the south end of the strip (we started at the Luxor, so the ride would be much faster for those at the north end of the strip).
Like any outlet mall, this one was hit and miss. Some stores have amazing deals (like the shoes I got at the ECCO outlet that were less than half the price they were on Zappos), and some have average deals that you could find anywhere. Now that outlet malls are so prevalent, they are no longer automatically the source of great deals as they were 10 years ago. Still, they hold some appeal to those of us who don't have great shopping in our home town.
Stand-outs for us were the BCBG outlet, with racks of stuff marked down to $29 and $39, including dresses that retailed for $200-300 (and excellent service from the staff). And I have to mention the $125 shoes my sister got at BCBG for $9 (last pair)! WOW! The ECCO outlet was pricing stuff to move (friendly staff but not helpful at all). JCrew was unimpressive on prices, as were several other stores. The Coach store was super busy and seemed to have a lot of good sales, though I am not that familiar with the brand (we just went in to see what all the fuss was about).
There is a small food court with standard mall food--Panda Express, Subway, Starbucks, etc.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.