Kohl’s will test a new store format offering
deep discounts on returned merchandise.
The retailer has leased a 30,000-square-foot space in a
suburban strip mall in New Jersey that will open early next month as
Off-Aisle by Kohl’s. More specifically the new store will be situated on
a high-traffic street in Cherry Hill, NJ. For those of you that are not too
familiar with New Jersey, Cherry Hill is not too far from Philadelphia.
In the beginning, the plan is to fill the shelves will be
“like-new” clothing, accessories and home goods returned to Kohl’s department
stores or Kohls.com. Who knows, maybe they will add slow moving merchandise
from the other stores into the mix in the future.
The firm applied last month for a trademark on the phrase
“Off Aisle by Kohl’s.”
We are not certain, but we have heard rumor that discounts
may run as high as 70% to 90% off original retail store pricing. All sales
will be final, with no returns or exchanges allowed.
If you enjoy shopping off-price, you may want to also learn
about how Macy’s recently decided to get into the off-price fashion business as
well. You can read the Macy’s
Off-price news on the Fashion Blog. Their store is called Macy’s
Backstage in case you were curious.
We will try to let you know more about Off-Aisle by
Kohl’s as we learn more about the store.