MANAGEMENT

Detailed explanation-1: -Definition: Off-price retailers are retailers who provide high quality goods at cheap prices. They usually sell second-hand goods, off-the-season items etc. Description: These retailers offer inconsistent assortment of brand name and fashion-oriented soft goods at low prices.

Detailed explanation-2: -Ross Stores (Ross Dress for Less), T.J. Maxx (USA), T.K. Maxx (UK, Germany, Australia), and Burlington are examples of independent off-price retailers. Ross Dress for Less® is an off-price retailer with 1, 480 locations in the United States.

Detailed explanation-3: -Discount stores are a category of retail stores where retailers sell merchandise at a discounted price.

Detailed explanation-4: -1. What is off-price retail? Off-price is the selling of branded or designer items to consumers at significantly lower prices than full-price stores.