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• In the first half of 2022, the off-price sector was negatively impacted by inflation, and the three major off-price retailers all lowered their same-store sales expectations for the year.
• We expect the overall off-price sector (including Nordstrom Rack) to see a revenue decline of 0.1% year over year in fiscal 2022—the first time that revenue growth is set to be negative in more than 10 years.

Click the image below to read our full US Off-Price Insights report, covering trends in comparable sales, revenue, inflation impacts, inventory, categories and areas of note by management.