As an Amazon Associate I earn from qualifying purchases.

Independent Off Price Retailer Definition and Explanation PDF Download

Learn Independent Off Price Retailer definition in marketing with explanation to study “What is Independent Off-Price Retailer”. Study independent off price retailer explanation with marketing terms to review marketing course for online MBA programs.

Independent Off Price Retailer Definition:

  • An off-price retailer that is either independently owned and run or is a division of a larger retail corporation.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Independent Off Price Retailer Explanation:

In the present decade, off-value retailing is by and large generally proclaimed as a wonder that is modifying the substance of the business. Possessing the hazy area between full-administration stores and discounters, off-value retailers convey broadly perceived brand names (generally in delicate merchandise) in nitty gritty, pipe-rack style stores. Signs of the quality of this gathering incorporate the accompanying: According to industry examiners, somewhere in the range of 10,000 stores across the country auction value garments, adornments, and footwear, and ring up about 5% of all deals in these classes. By 1990, their volume will add up to about $16.8 billion, or 9.2% of all out attire and footwear deals, as indicated by one expert.

Keep Learning Marketing Explanations

What is Prospecting?

Prospecting is the initial phase in the business procedure, which comprises of recognizing potential clients, otherwise known as prospects. The ...

What is Trade Promotions?

Trade Promotion alludes to showcasing exercises that are executed in retail between these two accomplices. Exchange Promotion is a showcasing ...

What is Potential Market?

Potential market is the piece of the absolute populace that has demonstrated some degree of enthusiasm for purchasing a specific ...

What is Fad?

A prevailing fashion is any impermanent style, thought, and so forth., pursued energetically by a gathering for some period. Typically ...

What is Information Search?

Educational advertisements can seem to be dull. On the off chance that a buyer isn't at all keen on hearing ...

What is Inside Sales Force?

Not at all like outside deals work force, inside sales reps generally don't travel. Regardless of this, they are as ...