off-price ˈoff-price adjective
off-price store/shop/retailer COMMERCE a store etc that sells goods at lower prices than other shops. The goods are bought from companies that have gone out of business or from manufacturers that have produced more goods than they need:
• Fewer consumers have the luxury of leisurely browsing through bargain basements and off-price stores.
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off-price UK US adjective [before noun] COMMERCE
► used to describe a store that sells goods for a lower price than at other stores: »
an off-price store/shop/retailer
off-price adverb
► »
According to one retailer, when you sell off-price, you have to sell at 50% or more below wholesale.
Financial and business terms. 2012.