Could off-price retailers start grabbing market share from each other?
So far, department stores and other mainstream retailers have the most to fear as TJX, Ross and Burlington open hundreds of stores each year.
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Department stores losing market share to resale
Off-price retailers have little to fear from rapidly growing secondhand sales, though, according to research from Bank of America analysts.
Ross opens 17 stores, pushing forward with brick-and-mortar expansion
The store openings, which span its namesake banner and DD’s Discounts, are part of the off-price retailer’s efforts to open 110 new locations this year.
The Weekly Closeout: Burlington plots store openings, Mattel expands Brick Shop
The off-price retailer plans to open over 100 new locations this year, while the toy company debuted new brick sets featuring Lamborghini and Chevrolet.
Saks Global retreats from off price, closing most stores and all e-commerce
Just a dozen Saks Off 5th locations will stay open, and they’ll sell only residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.
Kohl’s rules out major store closures despite disappointing Q4
The struggling department store is simplifying promotions and adding value-priced merchandise to appeal to its lower- to middle-income customer. But is it going far enough?