GITNUXREPORT 2026

Off-Price Retailing Industry Statistics

The off-price retail industry is growing globally as consumers seek value and variety.

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

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Statistic 1

55% of U.S. consumers shopped off-price retailers monthly in 2023 survey.

Statistic 2

68% of millennials prefer off-price for apparel purchases per 2023 Deloitte study.

Statistic 3

Average off-price shopper basket size 4.2 items in 2023.

Statistic 4

42% of consumers cite price as top reason for off-price shopping 2023.

Statistic 5

Gen Z off-price penetration 61% weekly visits in 2023.

Statistic 6

73% of off-price shoppers female in U.S. 2023 data.

Statistic 7

29% increase in off-price visits post-inflation spike 2023.

Statistic 8

51% of households earning $50k-$75k shop off-price regularly.

Statistic 9

Sustainability drives 37% of off-price purchases 2023 survey.

Statistic 10

Mobile search for off-price deals up 45% in 2023.

Statistic 11

64% of boomers tried off-price for first time 2023.

Statistic 12

Impulse buys 52% of off-price transactions 2023.

Statistic 13

Hispanic consumers 48% more likely to shop off-price.

Statistic 14

71% satisfaction rate with off-price treasure hunt experience.

Statistic 15

Urban dwellers 2x more frequent off-price shoppers 2023.

Statistic 16

39% use off-price apps for coupons weekly.

Statistic 17

Parents with kids under 12 shop off-price 67% more often.

Statistic 18

55% prefer off-price over outlet malls per survey.

Statistic 19

Social media influences 62% of Gen Z off-price buys.

Statistic 20

Average time spent in off-price stores 28 minutes 2023.

Statistic 21

46% of shoppers return to same off-price store weekly.

Statistic 22

Eco-conscious consumers 34% favor off-price thrifting.

Statistic 23

59% cite brand variety as key off-price appeal.

Statistic 24

Suburban off-price frequency 41 visits/year average.

Statistic 25

67% of loyalty members spend 20% more at off-price.

Statistic 26

Off-price gifting peaks at 22% during holidays 2023.

Statistic 27

49% of African American consumers prefer off-price.

Statistic 28

Off-price store traffic recovery 95% of pre-pandemic levels 2023.

Statistic 29

Average off-price store size 25,000 sq ft in U.S. 2023.

Statistic 30

Inventory turnover rate industry average 6.2x annually 2023.

Statistic 31

78% of off-price goods sourced from overstock/overproduction.

Statistic 32

Shrinkage rate in off-price retail 2.1% of sales 2023.

Statistic 33

Labor costs 18.4% of off-price operating expenses 2023.

Statistic 34

42 new off-price stores opened monthly U.S. average 2023.

Statistic 35

AI inventory forecasting adopted by 65% of off-price chains 2023.

Statistic 36

Sustainable packaging used in 51% off-price shipments 2023.

Statistic 37

Vendor direct-to-store model 33% of off-price supply 2023.

Statistic 38

Omnichannel fulfillment 27% of off-price orders 2023.

Statistic 39

Energy costs rose 14% for off-price DCs in 2023.

Statistic 40

1,200 off-price distribution centers operate globally 2023.

Statistic 41

Returns processing costs 4.2% of off-price revenue 2023.

Statistic 42

Robotic picking in 39% of large off-price warehouses.

Statistic 43

Private fleet used by 22% off-price retailers 2023.

Statistic 44

Markdown optimization software in 72% chains 2023.

Statistic 45

Cross-docking facilities handle 58% off-price volume.

Statistic 46

Supply chain disruptions impacted 29% off-price ops 2023.

Statistic 47

RFID tagging coverage 84% in top off-price firms.

Statistic 48

Lease costs per sq ft $28.50 average off-price 2023.

Statistic 49

TJX Companies reported net sales of $49.9 billion for fiscal 2023, a 3% increase YoY.

Statistic 50

Ross Stores Inc. achieved $20.4 billion in revenue for 2023, up 8.8% from prior year.

Statistic 51

Burlington Stores net sales reached $9.7 billion in fiscal 2023, 10% growth.

Statistic 52

TJX's T.J. Maxx division generated $32.1 billion in sales in 2023.

Statistic 53

Ross Stores opened 95 new stores in 2023, expanding to 2,074 total locations.

Statistic 54

Burlington's comparable store sales grew 7.9% in Q4 2023.

Statistic 55

TJX international sales hit $12.8 billion in 2023, 6% YoY increase.

Statistic 56

Big Lots off-price sales portion contributed $5.2 billion in 2023.

Statistic 57

Nordstrom Rack sales $4.5 billion in 2023, up 5.2%.

Statistic 58

TJX's HomeGoods brand sales $7.9 billion in fiscal 2023.

Statistic 59

Ross Stores gross margin improved to 29.4% in 2023.

Statistic 60

Burlington expanded to 1,000 stores by end of 2023.

Statistic 61

TJX e-commerce sales grew 12% to $3.2 billion in 2023.

Statistic 62

Sierra Trading Post (TJX) sales $1.1 billion 2023.

Statistic 63

Ollie's Bargain Outlet revenue $1.8 billion fiscal 2023, 14% growth.

Statistic 64

Macy's Backstage off-price sales $1.4 billion 2023.

Statistic 65

TJX operating margin 10.2% in fiscal 2023.

Statistic 66

Ross Stores inventory turnover ratio 5.8x in 2023.

Statistic 67

Burlington debt reduction to $1.2 billion by 2023 end.

Statistic 68

TJX shareholders' equity $8.7 billion end 2023.

Statistic 69

Five Below off-price elements sales $3.1 billion 2023.

Statistic 70

Goodwill (Canada) sales CAD 1.5 billion 2023.

Statistic 71

TJX dividend payout $1.3 billion in 2023.

Statistic 72

Ross employee count 100,200 at 2023 year-end.

Statistic 73

Burlington same-store sales +11.2% fiscal 2023.

Statistic 74

TJX buybacks $2.1 billion shares in 2023.

Statistic 75

The global off-price retailing market was valued at USD 285.6 billion in 2023 and is projected to reach USD 412.3 billion by 2030, growing at a CAGR of 5.4%.

Statistic 76

U.S. off-price retail sales reached $52.4 billion in 2022, accounting for 7.8% of total U.S. apparel and footwear sales.

Statistic 77

The off-price segment in Europe grew by 4.2% in 2023, driven by discount chains in the UK and Germany.

Statistic 78

Off-price retailing in North America is expected to grow at 6.1% CAGR from 2024-2028, fueled by inflation pressures.

Statistic 79

Asia-Pacific off-price market expanded to $45.7 billion in 2023, with China contributing 42% of regional sales.

Statistic 80

U.S. off-price home goods segment hit $12.8 billion in 2023, up 8.3% YoY.

Statistic 81

Latin American off-price retail market valued at $18.2 billion in 2022, projected CAGR 7.2% to 2027.

Statistic 82

Off-price apparel market in the U.S. grew 5.7% in 2023 to $28.5 billion.

Statistic 83

Global off-price footwear sales reached $9.4 billion in 2023, with 6.8% growth.

Statistic 84

Middle East off-price market anticipated to grow from $3.1 billion in 2023 at 9.1% CAGR.

Statistic 85

Canadian off-price retail sales totaled CAD 8.7 billion in 2023, up 4.9%.

Statistic 86

Australian off-price sector valued at AUD 12.3 billion in 2023, CAGR 5.8% forecast to 2028.

Statistic 87

Off-price electronics niche grew to $4.2 billion globally in 2023.

Statistic 88

U.S. off-price accessories market at $6.7 billion in 2023, 7.1% YoY increase.

Statistic 89

Off-price retailing in India reached INR 150 billion in FY2023, 12% growth.

Statistic 90

UK off-price market size $15.4 billion in 2023, 3.9% CAGR expected.

Statistic 91

Brazil off-price sales $10.1 billion in 2023, projected 8.5% growth to 2027.

Statistic 92

Off-price beauty products market globally $2.8 billion in 2023.

Statistic 93

France off-price retail at EUR 22.5 billion in 2023, up 4.6%.

Statistic 94

Off-price sporting goods U.S. market $3.9 billion 2023, 6.2% growth.

Statistic 95

German off-price sector EUR 18.7 billion in 2023.

Statistic 96

Off-price toys market $1.5 billion U.S. 2023.

Statistic 97

Mexico off-price retail $7.2 billion 2023, CAGR 7.8%.

Statistic 98

Off-price lingerie global $2.1 billion 2023.

Statistic 99

South Africa off-price $1.8 billion 2023.

Statistic 100

Off-price jewelry U.S. $4.5 billion 2023, 5.9% up.

Statistic 101

Italy off-price EUR 9.3 billion 2023.

Statistic 102

Off-price luggage global $1.2 billion 2023.

Statistic 103

Spain off-price EUR 7.6 billion 2023.

Statistic 104

Off-price gourmet foods U.S. $0.9 billion 2023.

Statistic 105

U.S. off-price retail same-store sales grew 4.8% in 2023.

Statistic 106

Off-price apparel revenue per square foot averaged $250 in U.S. 2023.

Statistic 107

Holiday season 2023 off-price sales up 9.2% YoY to $15.7 billion.

Statistic 108

Online off-price sales reached 12% of total revenue in 2023, $7.8 billion.

Statistic 109

Back-to-school off-price spending $4.3 billion U.S. 2023.

Statistic 110

Off-price home furnishings sales $18.2 billion 2023, +7.1%.

Statistic 111

Q4 2023 off-price revenue growth 6.5% industry-wide.

Statistic 112

Average transaction value in off-price stores $45.20 in 2023.

Statistic 113

Off-price footwear sales volume 145 million pairs U.S. 2023.

Statistic 114

Black Friday off-price sales $2.9 billion, up 11%.

Statistic 115

Off-price private label revenue $9.1 billion 2023.

Statistic 116

Cyber Monday off-price digital sales $1.2 billion 2023.

Statistic 117

Off-price menswear sales $8.4 billion U.S. 2023.

Statistic 118

Annual off-price clearance sales generated $22.5 billion.

Statistic 119

Womenswear off-price revenue share 42% of total in 2023.

Statistic 120

Mobile app off-price sales $3.4 billion 2023.

Statistic 121

Off-price kids apparel $5.6 billion sales 2023.

Statistic 122

In-store pickup off-price orders 28% of online sales 2023.

Statistic 123

Off-price outerwear sales $3.2 billion winter 2023.

Statistic 124

Subscription box off-price revenue $0.8 billion 2023.

Statistic 125

Off-price plus-size clothing $2.7 billion 2023.

Statistic 126

Flash sale events contributed 15% of off-price revenue 2023.

Statistic 127

Off-price denim sales 52 million units U.S. 2023.

Statistic 128

Loyalty program off-price spend $10.2 billion 2023.

Statistic 129

Off-price activewear revenue $4.9 billion 2023.

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From fueling treasure-hunt thrill seekers to becoming a $285 billion global economic force, the off-price retail sector is redefining value shopping as it surges toward a projected $412 billion market by 2030.

Key Takeaways

The global off-price retailing market was valued at USD 285.6 billion in 2023 and is projected to reach USD 412.3 billion by 2030, growing at a CAGR of 5.4%.
U.S. off-price retail sales reached $52.4 billion in 2022, accounting for 7.8% of total U.S. apparel and footwear sales.
The off-price segment in Europe grew by 4.2% in 2023, driven by discount chains in the UK and Germany.
TJX Companies reported net sales of $49.9 billion for fiscal 2023, a 3% increase YoY.
Ross Stores Inc. achieved $20.4 billion in revenue for 2023, up 8.8% from prior year.
Burlington Stores net sales reached $9.7 billion in fiscal 2023, 10% growth.
U.S. off-price retail same-store sales grew 4.8% in 2023.
Off-price apparel revenue per square foot averaged $250 in U.S. 2023.
Holiday season 2023 off-price sales up 9.2% YoY to $15.7 billion.
55% of U.S. consumers shopped off-price retailers monthly in 2023 survey.
68% of millennials prefer off-price for apparel purchases per 2023 Deloitte study.
Average off-price shopper basket size 4.2 items in 2023.
Off-price store traffic recovery 95% of pre-pandemic levels 2023.
Average off-price store size 25,000 sq ft in U.S. 2023.
Inventory turnover rate industry average 6.2x annually 2023.

The off-price retail industry is growing globally as consumers seek value and variety.

Consumer Behavior and Preferences

55% of U.S. consumers shopped off-price retailers monthly in 2023 survey.
68% of millennials prefer off-price for apparel purchases per 2023 Deloitte study.
Average off-price shopper basket size 4.2 items in 2023.
42% of consumers cite price as top reason for off-price shopping 2023.
Gen Z off-price penetration 61% weekly visits in 2023.
73% of off-price shoppers female in U.S. 2023 data.
29% increase in off-price visits post-inflation spike 2023.
51% of households earning $50k-$75k shop off-price regularly.
Sustainability drives 37% of off-price purchases 2023 survey.
Mobile search for off-price deals up 45% in 2023.
64% of boomers tried off-price for first time 2023.
Impulse buys 52% of off-price transactions 2023.
Hispanic consumers 48% more likely to shop off-price.
71% satisfaction rate with off-price treasure hunt experience.
Urban dwellers 2x more frequent off-price shoppers 2023.
39% use off-price apps for coupons weekly.
Parents with kids under 12 shop off-price 67% more often.
55% prefer off-price over outlet malls per survey.
Social media influences 62% of Gen Z off-price buys.
Average time spent in off-price stores 28 minutes 2023.
46% of shoppers return to same off-price store weekly.
Eco-conscious consumers 34% favor off-price thrifting.
59% cite brand variety as key off-price appeal.
Suburban off-price frequency 41 visits/year average.
67% of loyalty members spend 20% more at off-price.
Off-price gifting peaks at 22% during holidays 2023.
49% of African American consumers prefer off-price.

Consumer Behavior and Preferences Interpretation

The off-price retail surge reveals a nation of savvy treasure hunters, where everyone from inflation-hit families to brand-conscious Gen Z is finding a sense of discovery and financial sanity, proving that the thrill of the deal has become a mainstream American pastime.

Industry Trends & Operations

Off-price store traffic recovery 95% of pre-pandemic levels 2023.
Average off-price store size 25,000 sq ft in U.S. 2023.
Inventory turnover rate industry average 6.2x annually 2023.
78% of off-price goods sourced from overstock/overproduction.
Shrinkage rate in off-price retail 2.1% of sales 2023.
Labor costs 18.4% of off-price operating expenses 2023.
42 new off-price stores opened monthly U.S. average 2023.
AI inventory forecasting adopted by 65% of off-price chains 2023.
Sustainable packaging used in 51% off-price shipments 2023.
Vendor direct-to-store model 33% of off-price supply 2023.
Omnichannel fulfillment 27% of off-price orders 2023.
Energy costs rose 14% for off-price DCs in 2023.
1,200 off-price distribution centers operate globally 2023.
Returns processing costs 4.2% of off-price revenue 2023.
Robotic picking in 39% of large off-price warehouses.
Private fleet used by 22% off-price retailers 2023.
Markdown optimization software in 72% chains 2023.
Cross-docking facilities handle 58% off-price volume.
Supply chain disruptions impacted 29% off-price ops 2023.
RFID tagging coverage 84% in top off-price firms.
Lease costs per sq ft $28.50 average off-price 2023.

Industry Trends & Operations Interpretation

The off-price industry is a well-oiled, treasure-hunting machine, deftly navigating a landscape of overstock, clever markdowns, and increasingly smart logistics to thrive on what others leave behind.

Key Company Performance

TJX Companies reported net sales of $49.9 billion for fiscal 2023, a 3% increase YoY.
Ross Stores Inc. achieved $20.4 billion in revenue for 2023, up 8.8% from prior year.
Burlington Stores net sales reached $9.7 billion in fiscal 2023, 10% growth.
TJX's T.J. Maxx division generated $32.1 billion in sales in 2023.
Ross Stores opened 95 new stores in 2023, expanding to 2,074 total locations.
Burlington's comparable store sales grew 7.9% in Q4 2023.
TJX international sales hit $12.8 billion in 2023, 6% YoY increase.
Big Lots off-price sales portion contributed $5.2 billion in 2023.
Nordstrom Rack sales $4.5 billion in 2023, up 5.2%.
TJX's HomeGoods brand sales $7.9 billion in fiscal 2023.
Ross Stores gross margin improved to 29.4% in 2023.
Burlington expanded to 1,000 stores by end of 2023.
TJX e-commerce sales grew 12% to $3.2 billion in 2023.
Sierra Trading Post (TJX) sales $1.1 billion 2023.
Ollie's Bargain Outlet revenue $1.8 billion fiscal 2023, 14% growth.
Macy's Backstage off-price sales $1.4 billion 2023.
TJX operating margin 10.2% in fiscal 2023.
Ross Stores inventory turnover ratio 5.8x in 2023.
Burlington debt reduction to $1.2 billion by 2023 end.
TJX shareholders' equity $8.7 billion end 2023.
Five Below off-price elements sales $3.1 billion 2023.
Goodwill (Canada) sales CAD 1.5 billion 2023.
TJX dividend payout $1.3 billion in 2023.
Ross employee count 100,200 at 2023 year-end.
Burlington same-store sales +11.2% fiscal 2023.
TJX buybacks $2.1 billion shares in 2023.

Key Company Performance Interpretation

In a world where many retailers are struggling, these off-price giants are quietly crushing it, proving that shoppers will always sprint for a bargain even if they're walking everywhere else.

Market Size and Growth

The global off-price retailing market was valued at USD 285.6 billion in 2023 and is projected to reach USD 412.3 billion by 2030, growing at a CAGR of 5.4%.
U.S. off-price retail sales reached $52.4 billion in 2022, accounting for 7.8% of total U.S. apparel and footwear sales.
The off-price segment in Europe grew by 4.2% in 2023, driven by discount chains in the UK and Germany.
Off-price retailing in North America is expected to grow at 6.1% CAGR from 2024-2028, fueled by inflation pressures.
Asia-Pacific off-price market expanded to $45.7 billion in 2023, with China contributing 42% of regional sales.
U.S. off-price home goods segment hit $12.8 billion in 2023, up 8.3% YoY.
Latin American off-price retail market valued at $18.2 billion in 2022, projected CAGR 7.2% to 2027.
Off-price apparel market in the U.S. grew 5.7% in 2023 to $28.5 billion.
Global off-price footwear sales reached $9.4 billion in 2023, with 6.8% growth.
Middle East off-price market anticipated to grow from $3.1 billion in 2023 at 9.1% CAGR.
Canadian off-price retail sales totaled CAD 8.7 billion in 2023, up 4.9%.
Australian off-price sector valued at AUD 12.3 billion in 2023, CAGR 5.8% forecast to 2028.
Off-price electronics niche grew to $4.2 billion globally in 2023.
U.S. off-price accessories market at $6.7 billion in 2023, 7.1% YoY increase.
Off-price retailing in India reached INR 150 billion in FY2023, 12% growth.
UK off-price market size $15.4 billion in 2023, 3.9% CAGR expected.
Brazil off-price sales $10.1 billion in 2023, projected 8.5% growth to 2027.
Off-price beauty products market globally $2.8 billion in 2023.
France off-price retail at EUR 22.5 billion in 2023, up 4.6%.
Off-price sporting goods U.S. market $3.9 billion 2023, 6.2% growth.
German off-price sector EUR 18.7 billion in 2023.
Off-price toys market $1.5 billion U.S. 2023.
Mexico off-price retail $7.2 billion 2023, CAGR 7.8%.
Off-price lingerie global $2.1 billion 2023.
South Africa off-price $1.8 billion 2023.
Off-price jewelry U.S. $4.5 billion 2023, 5.9% up.
Italy off-price EUR 9.3 billion 2023.
Off-price luggage global $1.2 billion 2023.
Spain off-price EUR 7.6 billion 2023.
Off-price gourmet foods U.S. $0.9 billion 2023.

Market Size and Growth Interpretation

The world is tightening its belt with remarkable financial success, showing that economic savvy and the thrill of a good deal are now a globally synchronized sport.

Sales and Revenue Metrics

U.S. off-price retail same-store sales grew 4.8% in 2023.
Off-price apparel revenue per square foot averaged $250 in U.S. 2023.
Holiday season 2023 off-price sales up 9.2% YoY to $15.7 billion.
Online off-price sales reached 12% of total revenue in 2023, $7.8 billion.
Back-to-school off-price spending $4.3 billion U.S. 2023.
Off-price home furnishings sales $18.2 billion 2023, +7.1%.
Q4 2023 off-price revenue growth 6.5% industry-wide.
Average transaction value in off-price stores $45.20 in 2023.
Off-price footwear sales volume 145 million pairs U.S. 2023.
Black Friday off-price sales $2.9 billion, up 11%.
Off-price private label revenue $9.1 billion 2023.
Cyber Monday off-price digital sales $1.2 billion 2023.
Off-price menswear sales $8.4 billion U.S. 2023.
Annual off-price clearance sales generated $22.5 billion.
Womenswear off-price revenue share 42% of total in 2023.
Mobile app off-price sales $3.4 billion 2023.
Off-price kids apparel $5.6 billion sales 2023.
In-store pickup off-price orders 28% of online sales 2023.
Off-price outerwear sales $3.2 billion winter 2023.
Subscription box off-price revenue $0.8 billion 2023.
Off-price plus-size clothing $2.7 billion 2023.
Flash sale events contributed 15% of off-price revenue 2023.
Off-price denim sales 52 million units U.S. 2023.
Loyalty program off-price spend $10.2 billion 2023.
Off-price activewear revenue $4.9 billion 2023.

Sales and Revenue Metrics Interpretation

Even as inflation squeezed wallets in 2023, American shoppers, armed with cunning and a keen eye for value, hunted a staggering $145 million pairs of discounted shoes and billions more in everything from denim to dishes, proving that the thrill of the treasure hunt is both a sport and a serious economic force.

Sources & References

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