Store closings and retail bankruptcies aren’t bad news for the entire retail industry. While the current turmoil in the business of department stores, toy stores, and clothing stores is bad for those is bad for those chains, it’s great for off-price retailers like TJX, Ross Stores, and Burlington. [More]
off-price stores
TJ Maxx And Marshalls Are Doing Great Because Bargain-Hunting Thrills People
By 5.17.16
For people who enjoy it, bargain-hunting combines all of the primal fun of hunting with no threat of being trampled by an antelope. That’s why, amid recent fretting that American department stores and malls are doomed, there remains a bright spot in the retail business. TJX, parent company of off-price stores T.J. Maxx, Marshalls, and HomeGoods, reported better-than-expected results this quarter, unlike its department store competitors. [More]
The Limited Opened A Stealth Chain Of Off-Price Stores
By 5.5.16
The popular thing for department and clothing stores to do in recent years has been to open their own off-price stores, and women’s clothing retailer The Limited wants to join that party. They’re using the familiar model from Nordstrom Rack, Saks Off Fifth, and J. Crew Factory Stores–some deep-discounted merchandise that didn’t sell in regular Limited stores, but mostly cheaper items designed specifically for price-conscious customers. [More]
Nordstrom And Nordstrom Rack Accept Each Other’s Returns
By 2.11.16
You won’t see it plastered on a sign behind the customer service counter, but here’s some useful information for shoppers: you can return items that you purchased at Nordstrom Rack to a regular Nordstrom store, and the transaction works the other way around, too. Yet while that’s very nice of them, it’s an indicator of an interesting issue in retail: while omnichannel retail is hot, should they be omni-brand? [More]
