Discount Retail news and trends

Ollie’s Bargain Outlet Says It Was Built for This Economy
Retail // December 07, 2023

As prices go up and people feel the pinch in their wallets due to inflation, Ollie’s Bargain Outlet is standing out as the go-to place for discounts.  “We are built for this environment,” said John Swygert, president and CEO of Ollie’s, during the company’s latest...

Designer Brands Says Customers Find Value in the Clearance Aisle
Retail // December 06, 2023

The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW’s parent company Designer Brands. Consumers are looking for the best value, and more often than not it can be found in...

Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
Retail // November 29, 2023

Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. The company has been finding “new, disruptive products at extreme value” and promoting them through its growing presence on social media, Five Below President and CEO Joel Anderson said Wednesday (Nov. 29)...

TJX Declares Itself the Holiday Haven for Value Shoppers 
Retail // November 15, 2023

As retailers grapple with the impact of consumers tightening their purse strings, TJX is striking a different chord, as shoppers seek value and the most enticing bargains.  “We believe we are strongly positioned to be a top destination for gifts this holiday season,” TJX CEO...

Interviews & Exclusives
RetailMeNot Says Consumers Start With Deals and Stay for Brands or Retailers

January 11, 2024
In the narrative of the retail scene, the consistent theme over the last two years has been the influence of inflation on consumer spending. However, this impact extends beyond the mere allocation of funds, as promotions and discounts have now become even more integral to the overall shopping experience.  In a recent interview with PYMNTS, […]

Ollie’s Bargain Outlet Says It Was Built for This Economy

December 07, 2023
As prices go up and people feel the pinch in their wallets due to inflation, Ollie’s Bargain Outlet is standing out as the go-to place for discounts.  “We are built...

Designer Brands Says Customers Find Value in the Clearance Aisle

December 06, 2023
The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW’s parent company Designer Brands. Consumers are...

Quick Reads
Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales

November 29, 2023
Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. The company has been finding “new, disruptive products at extreme value” and promoting them through its growing presence on social media, Five Below President and CEO Joel Anderson said Wednesday (Nov. 29) during the company’s quarterly earnings call. Goods that resonated with […]

Costco COO Ron Vachris Named CEO as Craig Jelinek to Step Down

October 18, 2023
Costco Wholesale has announced that CEO Craig Jelinek will be stepping down on Jan. 1, 2024, after more than a decade at the helm of the company, the company reported...

Target Raises Delivery Game To Fend Off Amazon/Walmart

June 07, 2018
Target is now more than halfway through its rollout of same-day delivery, care of Shipt and the launch of Drive Up, its curbside pickup service. The Minnesota-based retailer is now well...