The U.S. off-price retail sector remains a bright spot in the turbulent retail environment plagued with bankruptcies and store closings.
Off-price chains continue to buck the trend that’s negatively impacting many flailing bricks-and-mortar retailers. They boast rising same-store sales and growing physical footprints, and many are even looking to grow online. While department stores are suffering from waning foot traffic and reduced store counts, off-price retail is thriving.. . . more