Wednesday, November 15, 2017

Soaring Off-Price Retail Chains May Be Set For A Fall

The off-price business, those stores that sell brands for less every day, like Burlington Coat Factory, Ross Stores and TJ Maxx, face problems that are not being recognized. Those problems aren’t immediate but they are strategic, fundamental and important. They are going to be very serious problems in the next several years.

Right now off-price is one of the few bright spots in multi-brand retail. Major retailers, especially department stores, are finding themselves with too many square feet and no way to grow their business. They are expanding into the off-price market. Macy’s has opened Backstage, Nordstrom has Nordstrom Rack, Saks has Saks OFF 5th and there will be more. . . . more

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