Global Off-Price Retail Market to Reach $282.1 Billion by 2028: TJX, Ross Store & Carrefour to Hold High Share

Evolve business intelligence, today has published a new market research report on “The global Off-Price Retail market size was valued at $ 206.4 billion in 2020 and is expected to reach $ 282.1 billion by 2028 growing at the CAGR of 3.86% from 2021 to 2028. An increase in Internet penetration and growing disposable income are some of the key factors influencing the market growth.

For more information on the report: https://evolvebi.com/product/off-price-retail-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the off-price retail market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the off-price retail market report also includes the following data points:
• COVID19 Impact on off-price retail market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the off-price retail market

Analyst View
According to Swapnil, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to have a negative impact on the off-price retail market. The decline in consumer spending across the world has resulted in lower purchasing power. the various government instruction across the globe has resulted in the closing of retails stores as well as online e-commerce stores as a precautionary measure for non-essential goods. This has largely impacted the off-price retail industry.

Competitive Scenario
Some of the major off-price retail players holding high market share include Ross Stores, TJX, Carrefour, and Target Corporation. These players use partnership and expansion as a key strategy to gain significant market share to compete.

Segmental Analysis
The off-Price Retail market is analyzed across the below-mentioned segments:
• Application
o Internet Sales
o Store Sales
• Type
o Consumer Electronics
o Food Retail/Grocery
o Apparel & Footwear
o Beauty Products
o Durable Goods
o Furniture & Furnishings
o Others
• Store Type
o 3rd Party
o Manufacturer

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the off-price retail market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Ross Stores
• TJX
• Marshalls
• Target Corporation
• Burlington Coat Factory
• DollarTree
• Stein Mart
• Aldi Einkauf
• Carrefour
• Kohl’s

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/off-price-retail-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the off-price retail market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the off-price retail market
• To provide an overview of the value chain analysis pertaining to the off-price retail industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall off-price retail market
• To analyze opportunities in the market by identifying high-growth segments of the off-price retail market
• To profile key players in the off-price retail market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global off-price retail market

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