A new shopping powerhouse has emerged as the majority of buyers now prefer to spend their money on quality clothing at prices that are hard to beat. They are willing to search for those must-have stilettos with a price tag they feel good about because they refuse to overpay. Demand for below wholesale clothing and accessories that first developed out of necessity in the 2008 recession has remained and persisted as a market preference for almost a decade, and off-price retailers have even grown to outperform high-end, department stores.
According to a 2016 report from NPD Group, two-thirds of all shoppers spend at off-price retailers.
For the OFFPRICE Show, helping retailers find unbelievable deals isn’t just a trend, it is more than two decades of commitment to the off-price industry. From August 12-15, over 500 exhibiting companies and thousands of retail buyers both national and international will convene at the OFFPRICE Show at the Sands Expo at Venetian/Palazzo Resort in Las Vegas, Nev. Buyers will not only spend less, but build better and stronger stores.
“This August will mark the 46th show for OFFPRICE,” said Stephen Krogulski, chief executive officer of OFFPRICE. “Over the years, we’ve grown to be the largest trade show of its kind in the country. But it’s our significant industry history and retail expertise that has allowed us to cultivate lasting relationships between our exhibitors and retailers looking for a great deal to pass onto their customers.”
When asked why the off-price industry has risen to the top of retail, Krogulski answered, “It has always been a quiet leader in retail, but now the secret is out and consumers are loving the deals their favorite stores are offering them. We have been connecting off-price retail professionals for over 23 years at the OFFPRICE Show, and we welcome retailers searching for a competitive advantage to join our off-price community.”
According to Krogulski, shoppers aren’t the only ones benefitting. “Consumers don’t just want transparent retail, they demand it,” he said. “The OFFPRICE Show allows retailers to incorporate great margin-building products in their store, while passing along the savings to their customers. It’s a win-win for everyone.”
With very few options currently in the market for retailers to find affordable, wholesale children’s merchandise, the OFFPRICE Show is responding by featuring a newly-expanded children’s section this August. Retailers can also expect to find apparel, accessories, jewelry and footwear for men, women and children at below wholesale pricing.
“Every retailer needs an off-price strategy,” said Krogulski. “If you don’t have one, engage with us and we can help you find opportunities for fresh, in-demand merchandise.”
Find out what thousands of retailers in the off-price community already know August 12-15 in Las Vegas during Fashion Week. Learn the secret to retail success and register for the event online or call 262-754-6929.
The OFFPRICE Shows and Publications are produced by Tarsus Group plc (TRS.L on the London Stock Exchange), an international media group with interests in exhibitions, conferences, publishing and the Internet. Headquartered in Dublin, with offices in London, Paris, Shanghai and Milwaukee (home of OFFPRICE), Tarsus serves niche markets with trade events and online media. For further information on Tarsus and OFFPRICE, go to Tarsus.com or OffPriceShow.com.