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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)