all report title image
  • Published In : May 2024
  • Code : CMI6007
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

Regional Analysis

Off Price Retail Market Regional Insights

To learn more about this report, request a free sample copy

The North America region, particularly the U.S., has long dominated the global off-price retail market. The region is expected to account for 38.8% of the market share in 2024. With a highly developed consumer economy and vast network of highways and interstates enabling efficient logistics, the vast geography of the U.S. has allowed off-price chains to establish widespread store coverage across the country. Chains like TJX have mastered the model of sourcing excess inventory from name-brand designers and manufacturers, and distributing these deals to locations within a day's drive of consumer population centers.  The density of population in major U.S. metro areas also means off-price shopping remains a cost-effective leisure activity. Consumers regularly visit their local TJ Maxx or Marshalls stores to discover the latest brand-name fashions at significant discounts. The off-price model has been refined over decades in the U.S. to a high-science, with companies maximizing inventory turns and minimizing costs to ensure profits on even steep discounts. No other market rivals the operational efficiency and scale of off-price leaders like TJX in North America.

While North America remains the dominant force, the Asia Pacific region is emerging as the hottest growth opportunity for off-price chains. Countries like China and India boast massive populations of emerging middle-class consumers, many influenced by pop culture trends from Western brands. The absence of major domestic off-price competitors means international operators have significant room for expansion. Factors like a growing emphasis on value among Chinese consumers are boosting the appeal of branded treasures at a bargain. Beyond traditional retail hubs of India and China, other Southeast Asian markets like Vietnam and Indonesia are seeing especially rapid wage and GDP growth. The influx of disposable consumer income in dynamic economies makes off-price an attractive proposition. Moreover, governments in Asia Pacific have prioritized infrastructure development like airports and highways that ease logistics. Off-price leaders will be well-positioned to benefit by establishing early beachheads as Asian consumers' appetite for discounted designer brands continues expansion.

View Our Licence Options

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request Discount
Logo

Reliability and Reputation

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Reliability and Reputation

27001:2022

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.