What's Inside

Currently, the US off-price retail sector is experiencing significant growth and transformation driven by both supply-side expansions and evolving demand dynamics. Off-price retailers have solidified their presence in the US retail landscape by appealing to a wide range of budget-conscious consumers and tapping into diverse demographics as consumers across income brackets seek to maximize their purchasing power.

Coresight Research explores the size and trajectory of the US off-price retail market and the key factors impacting its growth. We also cover the overall market’s competitive landscape, innovators and themes we are watching in 2024 and beyond.

Data in this research report include:

• The size and year-over-year changes of the US off-price sector, 2019–2028E
• US Consumer Price Index for the apparel, cosmetics, food and housing categories, January 2023–March 2024
• Revenues, market shares, store counts and gross selling space of major US off-price retailers, 2019–2023
• Proprietary survey data on which major US off-price retailers are shopping with, as well as data on cross-shopping patterns among off-price shoppers

Companies mentioned in this report include: Amazon, American Eagle Outfitters, Burlington Stores, Dollar General, Five Below, Macy’s, Nordstrom, Ross Stores, Shein, Target, Temu, The TJX Companies, Walmart

Other relevant research:

• Ebook: Discount Decades
• US Apparel and Footwear—Retail 2024 Sector Outlook: While Resilience Remains, E-Commerce Continues To Cede Share to Physical Stores
• Visit the Coresight Research Fashion and Luxury Hub to explore sector data, reports and company profiles.
• More reports in the Coresight Research Market Outlook series