There is no difference, factory stores are outlet stores. Nike was just getting away from the term "outlet" because of what people come to expect. There are clearance stores, factory stores and brand stores, 2 of which are Nike Towns while the rest are just Nike stores.
There is a difference........If you go to a factory store and an outlet store, you`ll see a different in the products they sell.
Like in the outlet thread, alot of folks post pictures from nike outlet locations. if i took pics of what the two nike factory stores here in Saint Louis had, you`d definitely be able to tell which was which.
one example, the factory store still has lowtop Lebron XI in that lime yellow or bright yellow colorway and they are $130. the ONLY size they have them in is sz 11......i mean a TON of them and no other sizes. there was some type of flaw with the sz 11s of that model and color (i was told) so thats why they still have them.
Shoe is over 2 years old, lol.