CFRA analyst Zach Warring told FOX Business that the off-price space, particularly Ross Stores and TJX, are taking market share from department stores and even some big box retailers, "The main reasons Ross Stores and TJX are able to continue to open new locations while other aren't is due to the great business model and continued momentum of off-price." Their business model, in which they buy old or excess inventory from other retailers for pennies on the dollar and sell them for 30% to 70% off retail, also allows for them to open new locations with little to no outside capital, Warring said
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