discount stores

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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Five Below Courts High Earners With Five Beyond
Five Below Courts High Earners With Five Beyond
March 16, 2023  |  Retail

Specialty discount store Five Below is looking to appeal to a new demographic of customers with its Five Beyond concept, which sells items priced above...

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Surge of In-Store Shopping Triggers Rise in New Brick-and-Mortar Locations
Surge of In-Store Shopping Triggers Rise in New Brick-and-Mortar Locations
February 14, 2023  |  Retail

If the great American pastime is shopping, then the great American Retail response is arguably opening new stores. This, as a new blog post from...

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Poland’s Pepco to Add 500 Discount Stores to Inflation-Ravaged Europe
Poland’s Pepco to Add 500 Discount Stores to Inflation-Ravaged Europe
December 13, 2022  |  Retail

Discount retailer Pepco will open 550 new stores as inflation-weary consumers seek less costly products. The Polish company said Tuesday (Dec. 13) it had opened...

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Big Lots Plans Small-Town Shift Amid Big-Ticket Slump
Big Lots Plans Small-Town Shift Amid Big-Ticket Slump
December 01, 2022  |  Retail

Big Lots said it’s shifting away from big-ticket items and toward small-town locations. The strategic change comes as the Ohio-based operator of 1,450 off-priced stores...

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