Meaning of “off-price” in the English Dictionary

"off-price" in Business English

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off-priceadjective [ before noun ]

uk us 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.

(Definition of “off-price” from the Cambridge Business English Dictionary © Cambridge University Press)