More outlets for bargains

ALBANY — New York City could see new outlet stores under a settlement announced Monday by state Attorney General Eric Schneiderman.

The agreement prohibits Simon Property Group from continuing to use anticompetitive tactics to thwart the development of competing outlets in the city.

Simon Property agreed to revise existing leases to do away with the contractual 60-mile radius restrictions that prohibited outlet stores at its flagship Woodbury Common in Central Valley, Orange County, from opening in the city.

The AG said the deal will allow for outlet malls that provide the same stores as in Woodbury Common in Brooklyn, the Bronx, Queens, and Staten Island.