Describe the different types of off-price retailers. Provide examples of each type
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-A discount store is a retail operation that sells standard merchandise at lower prices by accepting lower margins and selling at higher volume. Examples include Walmart, Costco, Dollar General and Target.
-An off-price retailer is a retailer that buys at less-than-regular wholesale prices and sells at less than retail. Off-price retailers can be found in all areas, from food, clothing, and electronics to no-frills banking and discount brokerages.
-An independent off-price retailer is an off-price retailer that is independently owned and operated or a division of a larger retail corporation. Examples include TJ Maxx and Marshalls.
-A factory outlet is an off-price retailing operation that is owned and operated by a manufacturer and normally carries the manufacturer's surplus, discontinued, or irregular goods. Examples include J. Crew, Gap, Coach and Mikasa.
-A warehouse club is an off-price retailer that sells a limited selection of brand name grocery items, appliances, clothing, and other goods at deep discounts to members who pay annual membership fees. Examples include Costco, Sam's Club, and BJ's.
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