Off-price

High school (ages 12+)
Everyday Life

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/off-price

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the retail format?A discount-oriented trading strategy focused on selling branded merchandise at reduced prices
2. What are off-price stores and why do they sell items for less money?Off-price stores buy large amounts of brand-name goods directly from manufacturers, often items that are extra or have small flaws, and then sell them at lower prices.
3. How do off-price retailers find the products they sell?They look for overproduced or end-of-season stock and negotiate big discounts from manufacturers.

Opportunistic buying: Purchasing goods when they become available at a significantly reduced price due to manufacturer overstock or other factors.
Excess inventory: Goods that a manufacturer or retailer has produced or acquired in quantities greater than anticipated demand.
Value proposition: The unique set of benefits or value a company promises to deliver to its customers to satisfy their needs.