2022 will not be off-price apparel’s year
August 30, 2022
Ross Stores, TJX Companies and Nordstrom Rack are all forecasting continued uncertainty around their prospects for the remainder of 2022. Inflation and talks of a recession have made consumers focus on necessities and put off making discretionary purchases. On the other hand, full-price retailers dealing with inventory glut are willing to unload merchandise at great prices to off-pricers.
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