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Ross Stores Opens 29 New Locations Amid Off-Price Brick-and-Mortar Growth

Retail TouchPoints

Ross Stores is opening 29 new locations in 12 states over June and July as it continues to move toward its goal of opening approximately 100 new brick-and-mortar stores in FY 2022, which ends Jan. off-price apparel retailer plans to open 75 Ross Dress for Less and 25 dd’s DISCOUNTS stores. The Dublin, Calif.

Location 278
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NRF: Shoppers Are Spending for Valentine’s Day and Super Bowl Despite Pandemic Pressures

Retail TouchPoints

Ecommerce shops will be the most popular destination, visited by 41% of shoppers, followed by department stores ( 32% ), discount stores ( 28% ), small businesses ( 18% ) and florists ( 17% ). Candy ( 56% ), greeting cards ( 40% ) and flowers ( 37% ) also will be popular items with many shoppers.

Jewelry 264
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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

“With so many things happening over the last two years — the pandemic, political pressures, social justice protests, geopolitical and supply chain challenges — everyone stayed at a perfect moderate level of anxiety,” said Ericka McCoy, Chief Marketing Officer at analyst firm Resonate in an interview with Retail TouchPoints.

Markdowns 337
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Best & Less takeover offer goes unconditional

Inside Retail

The takeover bid for discount fashion retail brand Best & Less Group (BLG) by BB Retail Capital has been accepted by sufficient shareholders to become unconditional. BB Retail Capital is a private investment firm owned by Australian businessmen Brett Blundy and Ray Itaoui who made an off-market cash offer of $1.89

Apparel 246
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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

Compared to its sister brand Kmart, which has seen its market share grow exponentially in the past decade, Target has been suffering a slow decline, with its position in the middle of the market – not quite as value-based as Kmart, and not quite as high-end as Myer – making matters worse.

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Dollar General Revises 2023 Outlook Amid Financial Shortfalls  

Retail TouchPoints

decrease in same-store sales, which was largely due to a decline in store traffic. Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. In addition, the retailer is revising its planned same-store sales growth of 1.0% These sales helped offset a 0.1%

Markdowns 264
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Ethical Commerce: How to Overcome 3 Top CSR Hurdles (With Examples)

Retail TouchPoints

Across all organization sizes and market locations in our survey, cost placed highest ( 53% ) on the list of challenges. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines. Fashion apparel. General merchandise.