Off-Pricers Bounce Back In Q1
May 28, 2021
Some U.S. consumers still have some of the government’s pandemic relief money left in their pockets; others have needed the federal boost just to pay their bills. Both kinds of shoppers prize a deal, and are heading to off-price stores to find one. The off-price sector usually weathers challenges like economic downturns with relative ease. But several of the major chains in the space — Ross and Burlington and those run by TJX Cos. — were left to flounder during much of last year, having mostly or entirely rejected e-commerce as a viable sales channel. The supply chain issues that bedeviled a lot of retailers hit off-pricers especially hard. Read more at Retail Dive.
