What are off-price retailers?

Off-price retailers are stores that sell discounted goods that are typically lower in cost than traditional retail stores. These goods are usually name-brand products that were overstocked or nearing expiration and were then purchased from manufacturers by the off-price retailers at a reduced price. Goods are generally displayed throughout the store according to the type or style of product. By selling the goods at a reduced cost, off-price retailers can pass on the savings to their customers.