Thanks in part to solid fundamentals like a robust merchandise pipeline, a healthy consumer base and plenty of runway for brick-and-mortar expansion, the off-price segment is on pace to reach $18 billion to $19 billion of incremental sales by 2021, according to a September note on the sector from JPMorgan analysts. Around the same time, Moody's Investors Service released a note saying much the same thing, crediting the retailers' significant scale, flexible purchasing, strong and expanding vendor relations and adaptable real estate strategies, for their endurance.
But does a century-old retail concept, in the age of instantaneous price-checking, the rise of e-commerce and a glut of apparel sellers, really have staying power?. . . more