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Ross Stores Plans 100 Openings in 2023 as it Pursues Goal of 3,500+ Stores

Retail TouchPoints

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. The 2023 additions will include 75 Ross and 25 dd’s Discounts locations.

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NRF: Electronics Will Drive Back-to-School Spending to Record $41.5 Billion

Retail TouchPoints

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43 set in 2021.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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

Retail TouchPoints

consumers plan to celebrate Valentine’s Day in 2022, up from 52% in 2021. 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% ). Super Bowl LVI, with the L.A.

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Best & Less to go public as Australia’s crowded discount sector heats up

Inside Retail

Australian discount department store business Best & Less plans to raise about $72.3 The Wesfarmers discount store group model — Catch and Target and Kmart together — really is a sizable competitor to compete against,” Mortimer said. . million through an initial public offering at $2.15

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Kmart eyes New Zealand growth ‘for many years to come’

Inside Retail

Kmart is planning to open four more stores in New Zealand within the next year. We’ve got growth plans for Kmart New Zealand in both the North and South Islands for many, many years to come, so I like competition.”. The post Kmart eyes New Zealand growth ‘for many years to come’ appeared first on Inside Retail.

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NRF Survey foresees solid Valentine’s Day sales

Mass Relators

Over half of consumers (53%) plan to celebrate Valentine’s Day this year, on par with 52% last year. Overall, consumers plan to spend a total of $25.8 Sixty-two percent of consumers ages 25-34 plan to celebrate this year, more than any other age group. New spending records are expected for jewelry ($6.4 billion), flowers ($2.6

Jewelry 52