Global Off Price Retail Market Growth (Status and Outlook) 2023-2029

Global Off Price Retail Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Off Price Retail Industry Forecast” looks at past sales and reviews total world Off Price Retail sales in 2022, providing a comprehensive analysis by region and market sector of projected Off Price Retail sales for 2023 through 2029. With Off Price Retail sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Off Price Retail industry.
This Insight Report provides a comprehensive analysis of the global Off Price Retail landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Off Price Retail portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Off Price Retail market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Off Price Retail and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Off Price Retail.
The global Off Price Retail market size is projected to grow from US$ 262400 million in 2022 to US$ 465300 million in 2029; it is expected to grow at a CAGR of 8.5% from 2023 to 2029.
The main companies of global off price retail include TJX Companies, Ross Stores, Inc., Burlington Stores, Inc., etc. The top 5 companies hold a market share about 25%. North America is the largest market, with a share about 42%, followed by Europe and Asia Pacific with the share about 28% and 24%.In terms of product, retail apparel and footwear is the largest segment, with a share over 45%. And in terms of application, the largest application is offline sales, followed by online sales.
This report presents a comprehensive overview, market shares, and growth opportunities of Off Price Retail market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Retail Apparel and Footwear
Home Fashions
Jewelry and Accessories
Other
Segmentation by application
Online Sales
Offline Sales
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TJX Companies
Ross Stores, Inc
Burlington Stores, Inc.
Nordstrom Rack
Macy’s Backstage
Saks Off 5th
Bluefly
GEO CLEAR

Please note: The report will take approximately 2 business days to prepare and deliver.