9
Which of the following type of retailer is also referred to as a Closeout retailer?
EXPLANATION
Textile Retailing, Inventory & Merchandising
- Retail Formats: Off-Price (Closeout) Retailers:
- Business Model: Off-price retailers (also called closeout retailers) purchase irregular, overstocked, end-of-season, or canceled brand-name merchandise at opportunistic wholesale discounts ($20 - 60\%$ below full price) directly from manufacturers and department stores.
- Inventory: Features rapidly changing closeout inventory offering extreme brand-value to budget-conscious consumers (e.g., TJ Maxx, Ross, Marshalls).
- Conclusion: Off-price Retailer (Option 2).
Correct option: (2) Off-price Retailer
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