Off-price retailers enjoy tremendous loyalty from bargain hunters and they have successfully turned that devotion into one of the strongest sub-sectors of retail operating today. In 2016, off-price retailers followed by research firm Morningstar captured 19 percent of overall clothing and accessories sales in the U.S., up from 15 percent in 2012.
“The category is taking massive amounts of share,” says Bridget
Weishaar, a senior consumer discretionary equity analyst with
Morningstar, referring to T.J. Maxx, Marshalls, Home Goods, Ross,
Burlington and Nordstrom Rack. “It is a trend that we don’t see turning
around in the near future.”. . . more