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Coresight Bites: Bullish Brick-and-Mortar Expansion in US Off-Price Retail

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Coresight Research
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  • In the US, major off-price retailers Burlington Stores, Nordstrom (through its Nordstrom Rack banner), Ross Stores (Ross Dress for Less and dd’s Discounts) and The TJX Companies (which includes US banners T.J. Maxx, Marshalls, Sierra, HomeGoods and Homesense) have been aggressively growing their physical store footprints and show no signs of slowing.
  • In fiscal 2021, the four major retailers plan to open a combined total of 203 stores in the off-price sector. Each retailer has expanded its store portfolios consistently in recent years, at a combined CAGR of 5.0% since fiscal 2010. This is notable given physical store closures over the past 10 years in other retail sectors such as department stores and specialty stores.

Click the image below to read Coresight Research analysis of physical and digital strategies in US off-price retail.

 

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