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Off-price store. Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a ...
Saks OFF 5TH, formerly Saks Fifth Avenue Off 5th, is an American off-price department store chain founded in 1990, and a sister brand to the luxury department store chain Saks Fifth Avenue. Both chains were owned by holding company Saks, Inc. until its acquisition by the Canadian-founded Hudson's Bay Company in 2013.
The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. [5] It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.
Source: Burlington Although all off-price retailers focus on selling brand-name merchandise at reduced prices, their business models aren't exactly identical. Business models help distinguish ...
Giant Tiger opened its first store in Ottawa in 1961, modeled on Woolworths. Winners was founded in 1982 in Toronto, and sells off-price brand clothing. Costco entered Canada in 1986. In 1990, the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts. Dollarama was founded in Quebec in 1992.
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California. [6] It is the largest off-price retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 U.S. states, Washington, D.C. and Guam, [7] covering much of the country, but with no presence in New England, Alaska, and areas of ...
Macy's Backstage – chain of off-price stores-within-stores located inside 319 full-line Macy's department stores, with 9 freestanding locations. [74] Some brands sold in Macy's Backstage stores are not (or are no longer) sold by full-line Macy's stores, such as Authentic Brands Group's Izod and Arrow brands, and Ralph Lauren Corporation's ...
Marshalls store in Erin Mills Town Centre, Mississauga, Ontario, Canada. Marshalls is an American chain of off-price department stores owned by TJX Companies.Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store (stores operating with HomeGoods combined), covering 49 states and Puerto Rico, and 61 stores in Canada.