Off-price store
An off-price store or sub bidder business is a retail operation , the well-known brand of non-food -area in self-service for a much lower than the usual level of sales price offers.
Demarcation
The off-price store is based on a similar model to the outlet store or factory outlet . In the case of outlet stores or factory outlets, however, the initiative comes from the manufacturers themselves, whereas the off-price stores are independent retailers who purchase their goods from various manufacturers.
Would
Basically, the range of an off-price store can consist of current regular goods as well as irregular goods such as seasonal and surplus goods. The range offered is subject to constant change, as the items are bought according to availability and sold until stocks are exhausted . For this reason, it is usually not possible to reorder or order items.
distribution
Like the outlet store concept, the off-price concept comes from the USA . At the end of the 1990s there were only very few German outlet stores; meanwhile they have established themselves on the German market. On the other hand, off-price stores in Germany are still in their infancy, but there are more and more German companies that focus exclusively on this market. Impetus for the German market is currently coming from the Anglo-American sector. So has z. For example, the British designer fashion retailer TK Maxx opened its first branch in northern Germany at the end of 2007 and now operates 110 branches throughout Germany.