What is an off price retailer?

Off price retailers are retail businesses that offer merchandise at lower prices than regular retail stores, by implementing a mixture of buying strategies and lean operations models, that allow them to pass the savings achieved by those models to their customers. The three main types of off price retailers are:

Can off price retailers offer low prices?

In order to be able to offer merchandise at such low prices, off price retailers will have to get creative with their buying and use a mix of different buying sources. These sources include: Furthermore, off price retailers don’t stick to the regular seasonal buying like other retail chains.

Are there any online off-price retailers?

This is the big list of online off-price retailers, but of course, there are lots of brands that now have online outlet stores featuring their own brands. One of the most well-known of these is J.Crew Factory. Would you shop these online off-price retailers, or do you prefer the thrill of the hunt and to shop these types of stores in-person?