discount stores

Burlington Stores CEO Says Lower-Income Shoppers Gaining Amid Economic Shifts
Burlington Stores CEO Says Lower-Income Shoppers Gaining Amid Economic Shifts
September 10, 2024  |  Earnings

As Burlington Stores CEO Michael O’Sullivan discussed the company’s strong fiscal results during its second-quarter earnings call (Aug. 29), he offered his thoughts related to...

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Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots’ Business Model
Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots’ Business Model
September 09, 2024  |  Retail

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid...

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Big Lots Declares Bankruptcy as Consumers Chase Deals
Big Lots Declares Bankruptcy as Consumers Chase Deals
September 09, 2024  |  Retail

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in...

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Five Below Refocuses on Core Customers Amid Strategic Overhaul
Five Below Refocuses on Core Customers Amid Strategic Overhaul
September 05, 2024  |  Earnings

Five Below, the discount retailer that first opened its doors in 2002, is navigating a period of introspection and realignment. Founded by David Schlessinger and...

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99 Cents Only Declares Bankruptcy as It Shuts Down Stores
99 Cents Only Declares Bankruptcy as It Shuts Down Stores
April 08, 2024  |  Retail

Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said...

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Dollar Tree Woos Affluent Shoppers as Savings Dwindle
Dollar Tree Woos Affluent Shoppers as Savings Dwindle
March 13, 2024  |  Earnings

As even affluent consumers see their spending power diminish, Dollar Tree is making gains with high-income shoppers, even as the business on the whole faces...

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Grocers Cut Prices Globally as Discount Retailers Gain Share
Grocers Cut Prices Globally as Discount Retailers Gain Share
June 02, 2023  |  Retail

Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the...

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Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
May 25, 2023  |  Retail

Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. On a call with...

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Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
May 07, 2023  |  Economy

High inflation and reduced government aid have led to a spike in food bank demand. A report Sunday (May 7) by Bloomberg News illustrates this trend...

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