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Question: Who are off- price retailers?
Answer: Off- price retailers are retailers who provide high quality goods at cheap prices. They usually sell second- hand goods, off- the- season items etc. These retailers offer inconsistent assortment of brand name and fashion- oriented soft goods at low prices. They buy manufacturer irregulars, seconds, closeouts, cancelled orders, overruns, goods returned by other retailers and end- of season close out merchandise. They buy products from manufacturers in off seasons as a deep discount and sell them at less than retail prices.
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Retail Management Interview Questions & Answers -
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Question:
Who are off- price retailers?
Answer:
Off- price retailers are retailers who provide high quality goods at cheap prices. They usually sell second- hand goods, off- the- season items etc. These retailers offer inconsistent assortment of brand name and fashion- oriented soft goods at low prices. They buy manufacturer irregulars, seconds, closeouts, cancelled orders, overruns, goods returned by other retailers and end- of season close out merchandise. They buy products from manufacturers in off seasons as a deep discount and sell them at less than retail prices. Source: CoolInterview.com
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