Off-price store
Luck Rack
Luck Rack is an off-price store brand launched in 2019. It purchases (via partner companies) and re-sells at reasonable prices new products that, for one reason or another, have passed their conventional sell-by dates. The 2nd RETAILING Group is expanding its network of more than 50 Luck Rack stores by leveraging its operating expertise in the second-hand business, such as retail space creation and appropriate price setting to re-sell procured merchandise.
Offering new ways to shop
as an off-price store
The disposal of surplus inventory has become a global social issue in recent years in the apparel industry. Off-price stores are expected to provide a solution to this serious problem without creating additional environmental impact. Off-price stores purchase excess and slow-moving new inventory that has missed its original selling season in bulk from manufacturers and retailers, then sell those products at discounted prices. While this new retail format is not yet well established in Japan, it has attracted attention as a new way of shopping that allows customers to purchase high-quality new products at affordable prices while also being environmentally friendly.
Unlike outlet stores where manufacturers or retailers market surplus inventory and dedicated outlet offerings of their own brands, a feature of off-price stores is that they purchase and re-sell excess inventory from a wide range of brands including those without their own outlet stores. The off-price business model is well established in the U.S. where it has achieved recognition even among typical retail consumers, and Japan’s domestic off-price market is also expanding.
From apparel
to everyday goods
brand new products
at 30% to 90% off
Through partnerships with more than 480 companies, Luck Rack offers brand new products at remarkable discounts of 30% to 90% off regular retail prices. Its extensive selection includes up to 300 brands and more than 20,000 items per store, ranging from women’s and men’s apparel to cosmetics, household goods, and home fashion products.
As a pioneer of the off-price store model in Japan, Luck Rack will continue to establish a new retail format that delivers valuable shopping experiences to customers while protecting the brand value of its partner companies.
