Burlington coat factory is part of a group of off-price retailers seeing positive financial results while department stores struggle with sluggish foot traffic and online competition.
Off-price retailers have one key advantage over their department store and full-line competitors — the treasure hunt experience is hard to duplicate online.
That’s the conclusion of a report from the Telsey Advisory Group on “The Hunt for Value – An Overview of the Off-Price Sector.” As the value-oriented consumer shifts discretionary dollars to the off-price channel, Telsey Advisory Group concluded that the everyday low-pricing model of off-price retailers gives consumers confidence that they are getting a great deal. And while new entrants such as department stores try to take a piece of the market, off-price retailers already have an understanding of the buying and flow of goods cadence that isn’t easily replicated.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)