About Off Price Retail
Off-price retailers are retailers who provide high-quality goods at cheap prices. They usually sell second-hand goods, off-the-season items, etc. These retailers offer an inconsistent assortment of brand names and fashion-oriented soft goods at low prices. They buy manufacturer irregulars, seconds, closeouts, canceled orders, overruns, goods returned by other retailers, and end-of-season closeout merchandise.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are operating in this market, are exploring new regions by adopting various mergers & acquisitions, expansions, investments, new products, and collaborations as their market growth strategies. There are various growth players are exploring in new areas through the expansions and acquisitions across the globe to benefit competitive advantage through integrated synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Off Price Retail market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kohl's (United States), Ross Stores (United States), CVS Health (United States), Marshalls (United States), Target Corporation (United States), Burlington Coat Factory (United States), DollarTree (United States), Stein Mart (United States), Aldi Einkauf (Germany), Carrefour (France), Home Depot (United States) and TJX Companies (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Schwarz Unternehmens Treuhand KG (Germany), Kroger (United States), J. C. Penney (United States) and Walmart (United States).
Segmentation Overview
AMA Research has segmented the market of Global Off Price Retail market by Type (Consumer Electronics, Food Retail/Grocery, Apparel & Footwear, Beauty Products, Durable Goods, Furniture & Furnishings and Others), Application (Internet Sales and Store Sales) and Region.
On the basis of geography, the market of Off Price Retail has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Consumers' Increased Price Sensitivity and Insulation from E-commerce
Challenges:
Lack of Awareness
Restraints:
Off-price Companies Depend on Manufacturing Mistakes for their Product Supply
Opportunities:
Off-Price Retailers have the Opportunity to Expand their Brand Partnerships and Rising Demand from the Developing Economies
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.