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Off Price Works in a Tough Economic Climate

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April 4, 2008 · Posted in CEO’s Corner, Wholesalers
by Jason Prescott

By Bob Nordstrom

The latest issue of Off-Price Apparel magazine has been put to bed and should be arriving in subscribers’ mailboxes in a couple of weeks. The winter has been tough up here in the northern climes and the economic news we’ve been inundated with hasn’t lightened our winter load. But the off-price industry is a unique animal in the apparel industry. For some, economic pain can mean gain, as was reflected by the performance of various off-price retailers and discounters during the past holiday season. In addition, attendance and buying activity at the February Off-Price Specialist Show in
Las Vegas was very strong. Smart retailers, and the list grows as new buyer attendance continues to increase, know that sniffing out the below wholesale deals they find at the Off-Price Show is one of the best ways out there to build margin and remain competitive in a tough market populated by savvy consumers.

The feature article in the upcoming issue of Off-Price Apparel focuses on these issues. Titled “Economic Woes: Pain Means Gain for Some Apparel Retailers,” the article solicits the comments of four experts in the financial field on the current state of the economy and how it affects retailers in general and off-price retailers in particular. This article and others can be found atwww.offpriceshow.com.

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