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Off-price
Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to other stores which purchased an initial run. Among the largest retailers of this type are TJX Companies and Ross Stores. The model is more common in countries that import fashion-oriented or household goods, as the discount role in producer countries is usually filled by factory outlets or small-scale open-air marketplaces. Characteristic features The term applies to fashion retail. Off-price is different from other special pricing formats (such as Outlet Store and Discount Store) in that one store might contain a great deal of products, price rates and trademarks. The range of goods is usually measured in millions of product items, whereas the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zayre
Zayre () was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters was in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain, and in June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx. A number of stores retained the Zayre name until 1990, by which time all stores were either closed or converted into Ames stores. The TJX Companies, which also owns Marshalls, HomeGoods, and Sierra, is still in operation as of 2022. History Zayre was founded in 1919 as the New England Trading Company in Boston, Massachusetts, by brothers Max and Morris Feldberg. An underwear and hosiery wholesaler, the company began as a supplier to full-line department stores and specialty shops. Ten years later, the brothers launched their first retail operation, Bell Hosiery Shops (la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marshalls
Marshalls is an American chain of off-price department stores owned by TJX Companies. Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store, covering 42 states and Puerto Rico, and 61 stores in Canada. Marshalls first expanded into Canada in March 2011. Marshalls is one of the largest U.S. off-price family apparel and home fashion retailers, along with its sister company, TJ Maxx. Its slogans are ''Your Surprise Is Waiting'' and ''Never Boring, Always Surprising''. History Marshalls traces its history to 1956, when Alfred Marshall gathered a band of innovative entrepreneurs on the East Coast, including Bernard Goldston, Norman Barren, and Irving Blitt (Frank Estey and Bernard Ribas joined the entrepreneurs in 1960 by purchasing Bernard Goldston's shares), to collectively start up the "Brand Names For Less" concept. Marshalls did not carry clothing until Irving Blitt (who later handled the sporting goods concession) called his friend Al M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Category killers So-called category killer stores, speciali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TJ Maxx
TJ Maxx (stylized as T•J•maxx) is an American department store chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in the country. TJ Maxx is the flagship chain of the TJX Companies. It sells men's, women's and children's apparel and shoes, toys, bath and beauty, accessories, and home products ranging from furniture to kitchen utensils. TJ Maxx and Marshalls operate as sister stores, and share a similar footprint throughout the country. While their prices are nearly identical and they have similar store layouts, Marshalls has a more upscale appearance than TJ Maxx and typically sells a larger range of fine jewelry and accessories. Some higher-volume stores have a high-end designer department called The Runway. The CEO of TJX Companies is Ernie Herrman. History TJ Maxx was founded in 1976 in Framingham, Massachusetts, by Bernard Cammarata and the Zayre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winners
Winners Merchants International L.P is a chain of off-price Canada, Canadian department stores owned by TJX Companies. It offers brand name clothing, footwear, bedding, furniture, fine jewelry, beauty products, and housewares. Products are at a 20-60% discount rate and the stores generally do not carry the same merchandise for an entire season. The firm does not sell online. Its market niche is similar to the American store TJ Maxx, and it is a partnered retailer to department stores HomeSense and Marshalls. History In 1982, Winners was founded in Toronto, Ontario by David Margolis and Neil Rosenberg. It was one of the first off-price department stores in Canada. In 1990, it merged with TJX Companies, the world's largest off-price department store owner. Since late 2001, Winners stores have been paired with HomeSense, a home accessory retailer, modelled on TJX's American HomeGoods stores. Winners acquired the struggling "Labels" brand from Dylex in 2001. Labels had been me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burlington (department Store)
Burlington, formerly known as Burlington Coat Factory, is an American national off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation with more than 1,000 stores in 40 states and Puerto Rico, with its corporate headquarters located in Burlington Township, New Jersey. In 2007, it was acquired by Bain Capital in a transaction and in 2008, Tom Kingsbury became president and CEO. The company went public again in 2013. Burlington is the third largest off-price retailer after TJX Companies and Ross Stores. History Monroe Milstein and his father, Abe, had been running a successful wholesale and retail outerwear business together since 1946. In 1972, Henrietta Milstein convinced her husband Monroe to purchase a former factory outlet in Burlington, New Jersey, for $675,050, using money she had saved from her job as a librarian for most of the $75,000 down payment. Initially, the Milsteins sold coats and jackets wholesale, but in order to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Filene's Basement
Filene's Basement, also called The Basement, was a Massachusetts-based chain of department stores which was owned by Retail Ventures, Inc. until April 2009 when it was sold to Syms. The oldest off-price retailer in the United States, Filene's Basement focused on high-end goods and was known for its distinctive, low-technology automatic markdown system. As of late 2006, the company operated stores in metropolitan areas in eight U.S. states and Washington, D.C. and used a distribution center in Auburn, Massachusetts. The store's name was derived from the subterranean location of its flagship store, in the basement of the former Filene's department store at Downtown Crossing in Boston, Massachusetts. The flagship Downtown Crossing store closed in September 2007 while the building above it underwent construction and had been set to reopen following the conclusion of the construction. The 2009 economic crisis negatively impacted the chain, prompting the closing of many stores and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TJX Companies
The TJX Companies, Inc. (abbreviated TJX) is an American Multinational corporation, multinational Discount store, off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre, Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. , TJX operates TJ Maxx (in the United States) and TK Maxx (in Australia and Europe), its flagship store chains, along with Marshalls, HomeGoods, HomeSense, Sierra (retailer), Sierra in the United States, and HomeSense, Marshalls, Winners in Canada. There are over 4,557 discount stores in the TJX portfolio located in nine countries. TJX ranked No. 97 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. History Zayre The roots of The TJX Companies date back to 1977 when the first TJ Maxx store opened in Auburn, Massachusetts as part of the discount department store chain Zayre. In June 1987, Zayre esta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ross Stores
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California. It is the largest off-price retailer in the U.S.; as of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam, covering much of the country, but with no presence in New York, northern New Jersey, Alaska, Puerto Rico, and areas of the Midwest. History Ross Department Store was first opened in San Bruno, California, in 1950 by Morris "Morrie" Ross. Morris would work 85 hours a week doing all of the buying and bookkeeping for his department store. In 1958 Ross sold his store to William Isackson to become a residential and commercial real estate developer. Isackson built the company to six stores, located in San Bruno, Pacifica, Novato, Vacaville, Redwood City, and Castro Valley. In 1982 a group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sierra Trading Post
Sierra Trading Post, Inc., doing business as Sierra, is an online and brick-and-mortar retailer of off-price merchandise operated by the TJX Companies. The Framingham, Massachusetts–based company offers products in categories such as outdoor recreation, fitness and adventure gear, and apparel, along with footwear, clothing, and home decor. Sierra sells merchandise through 46 retail stores as of November 2019 and a company website. It carries products from approximately 3,000 name-brand manufacturers. Sierratradingpost.com launched in December 1998 and was included in the "Internet Retailer Top 400 List" in 2004 and the "Top 500 List" in 2005, 2006, 2007, 2010 and 2011. History Sierra Trading Post was founded in Reno, Nevada, in 1986, and headquartered there until 1992. It was acquired for an estimated $200 million by Framingham, Massachusetts–based TJX Companies in 2012. The original company had of office space. The existing stores average of operating space. The busines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordstrom Rack
Nordstrom Rack is an American off-price department store chain founded in 1973. It is a sister brand to the luxury department store chain Nordstrom. As of 2021, Nordstrom Rack operates 352 stores in 41 U.S. states and three Canadian provinces. History In 1973, Nordstrom Rack opened their first store in Seattle as a clearance outlet full-line store. The first Nordstrom Rack location was in the basement of a downtown Seattle Nordstrom store. Their website was launched in February 2014 by Hautelook HauteLook is a member-only shopping website offering flash-sales and limited-time sale events featuring women's and men's fashion, jewelry and accessories, beauty products, kid's clothing and toys, and home décor. HauteLook offers discounts of 5 ... which was acquired by Nordstrom in 2011. The Nordstrom Rack e-commerce site was built on a shared platform with Hautelook, which is Nordstrom's flash sale business. When visiting the Nordstrom Rack's website, there is an option to n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Filene's
Filene's (formally William Filene & Sons Co.) was an American department store chain; it was founded by William Filene in 1881. The success of the original full-line store in Boston, Massachusetts, was supplemented by the foundation of its off-price sister store Filene's Basement in 1908. Filene's, in partnership with Abraham & Straus, Lazarus, and Shillito's, was an original member of the holding company Federated Department Stores upon its establishment in 1929. Filene's expanded into shopping malls throughout New England and New York in the later half of the twentieth century, and was rivaled by fellow Boston-based department store Jordan Marsh. Federated sold Filene's to The May Department Stores Company, and spun off Filene's Basement into a separate company, in 1988. With this reorganization, the Filene's nameplate replaced the Hartford-based G. Fox & Co. in 1992 and Steiger's in 1994; the store assumed control of the Pittsburgh-based department store chain Kaufmann's in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
