One Price Clothing Stores Inc.

• Public
• US

Dow Jones Description

One Price Clothing Stores, Inc. (the "Registrant" or the "Company") operates a chain of off-price specialty retail stores offering a wide variety of first-quality, fashionable, in-season apparel and accessories for women and children. The Company purchases merchandise at heavily discounted prices in large quantities from a broad mix of manufacturers, importers and other suppliers. The Company is able to acquire such merchandise at heavily discounted prices because of imbalances between supply and demand, vendor needs for liquidity and favorable prices from sources outside the United States of America. The Company is able to take advantage of these circumstances because of its willingness to purchase large quantities and to buy goods later in the season than many other retailers. This purchasing strategy allows the Company to obtain favorable prices and react to seasonal fashion preferences and weather conditions affecting consumer spending. It is the Company's policy to offer only first-quality apparel; the Company does not purchase "seconds" or irregular merchandise from its suppliers.

Senior Vice President and Chief Financial Officer

Contact Information

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