Now that you know the main differences between Banana Republic and Banana Republic Factory, let’s discuss some of the factors to consider when choosing between the two. Let’s get started.Baby & Toddler. Clearance. Clearance. banana republic. Shop Women Shop Men Women's Clearance Men's Clearance. Factory outlet stores are set up by brands to sell altered, second quality, or previous season’s stock usually at a cheaper price.After comparing Banana Republic and Banana Republic Factory, it is clear that these two brands vary in terms of price and quality.