off-price

[ awf-prahys, of- ]
/ ˈɔfˈpraɪs, ˈɒf- /

adjective

offering or dealing in goods, especially brand-name apparel, at prices lower than those at regular retail stores or discount stores.
designating, of, or pertaining to such merchandise: off-price designer jeans.

Origin of off-price

First recorded in 1980–85