Free Data Graphic 2 minutesFree ReportCoresight Bites: Bullish Brick-and-Mortar Expansion in US Off-Price Retail Coresight Research September 14, 2021 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. 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. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Self-Checkout and Store Closures, the INFORM Consumers Act, US Retailer CommentaryConsumers Continue To Notice and Adapt to Inflation: US Consumer Tracker 2023, Week 31Shoptalk 2024 “Shark Reef” Startup Pitch: All You Need To KnowInnovator Profile: Hue Promotes Diversity in E-Commerce Marketing via Shoppable Video
