The off-price retail industry comprises national and regional off-price stores (TJX, Ross Stores, Burlington Stores), dollar stores (Dollar General, Family Dollar) and mass-merchandise giants (Walmart, Target). Inventory typically falls under three categories: hard goods (books, electronics, sporting goods, furniture, office supplies, pet supplies); soft goods (apparel, footwear, accessories); and consumables (food, health and beauty products, home products).
Off-price retailers have gained $14 billion in sales since 2011, despite challenges faced in the general retail industry. And at a time when many big retailers are shuttering stores, off-price companies and dollar stores continue to grow their store bases. TJX even debuted an entirely new brand in the U.S. for 2017: HomeSense. Though major off-price players such as TJX and Burlington Stores have been performing well, the industry faces mounting competition as more department stores open or expand off-price/outlet stores to boost sales.