DISCOUNT DOMINANCE
04/16/2025 |
In 2019, the percentage of apparel trips to off-price stores was 28.1%. In 2024, 35.1%. Similarly, thrift store trips rose from 9.4% to 12.2%. However, trips to traditional department stores and general apparel stores declined from 28.5% to 21.1%, and 17.8% to 15.8% respectively. Activewear/athleisure stores slipped from 13.8% to 13.7%, luxury slid from 2.4% to 2.1%. Discounters rock, high end is OK, the middle struggles, echoing the overall economy.