Here’s why department stores like Nordstrom and Macy’s are banking on deep discount models as TJ Maxx and Marshalls emerge as winners in the pandemic

Deep discount chains like Marshalls, TJ Maxx, and Ross are in a good position, despite the pandemic.  “It’s a space that will long survive the dust of the pandemic and the economic fall that will happen subsequently because of it,” said the CEO of United National Consumer Suppliers (UNCS), which globally distributes manufacturers’ overstocks and closeouts to discount retailers. At the same time, department stores like Macy’s and Nordstrom are banking on their off-price counterparts like Macy’s Backstage and Nordstrom Rack to boost sales. Visit Business Insider’s homepage for more stories.

Deep discount chains like Marshalls, TJ