New Poundstretcher CEO highlights importance of discount stores in cost-of-living crisis

Retail Focus

The new CEO of Leicestershire-headquartered discount chain Poundstretcher wants the business to play an even bigger part in helping struggling families through the cost-of-living crisis. We have 337 stores and 5000 colleagues, and we can get behind each of them to help our customers.”.

Chinese discount store Miniso is growing by one new store a day

Inside Retail

Chinese discount chain Miniso accelerated its expansion plan during the pandemic, opening 364 stores around the world during the past 12 months. The expansion has increased Miniso’s store number to 4587 in China and 94 in overseas markets.

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Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Business Discount stores Financial Sectors Cash Converters

How Kmart, The Party People are cashing in on Halloween

Inside Retail

Kmart divisional merchandise manager Rob Day has seen an increase in popularity of the discount department store’s Halloween range, as more families and individuals have become involved in the event. “I

The Reject Shop names its new CEO

Inside Retail

His retail career started 30 years ago as a people greeter in a Target store. Bishop said he saw “a significant opportunity to grow The Reject Shop through better understanding its customers, continuing to evolve the product offering and continuing to expand the store network. “I

The Reject Shop CEO quits, interim chief named

Inside Retail

Under Andre’s leadership, The Reject Shop’s corporate culture has been reset, the business has returned to profitability with a lower cost base, the balance sheet is strong and the store network continues to expand. CTS has 80 stores combining everyday low prices and seasonal merchandise.

The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

In an ASX announcement, the discount retailer has announced that sales for the half were estimated at $424.7 million, with comparable-store sales falling due to rising Omicron in most states during the Christmas trading period. Store expenses were reduced by $1.1

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. Kmart will open its own distribution centre at the 92ha Superhub in about a year’s time, serving its store network in the top half of the North Island. Discount stores Latest Sectors Top Stories Kmart

Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Much of its focus is on what it calls “attractive discount markets” such as the UK, the Republic of Ireland and Spain.

Aldi launches Corner Store in convenience push

Inside Retail

Discount supermarket Aldi is making a push into convenience with the opening this week of a Corner Store concept in North Sydney. Reports of the new store concept circulated in May after the retailer submitted an application to North Sydney Council.

Wesfarmers plans to ‘renew’ its portfolio after profit slips

Inside Retail

During the year, the business also expanded its range, store network and fulfilment capabilities to enhance customers’ shopping experience. Books & stationery Business Discount stores E-commerce Financial Marketplace Sectors Top Stories Bunnings Kmart Group Wesfarmers

The Reject Shop’s full-year sales ease up, share buy-back planned

Inside Retail

Despite a rocky start to the financial year, discount variety retailer The Reject Shop says its sales have improved steadily since March. Comparable store sales fell 2.2 Business Discount stores Financial Sectors Top Stories The Reject Shop

Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

No such investments in Target were mentioned, though the planned changes in Target’s store network ( that is, converting them to Kmart stores ) saw trading results “exceed internal expectations”.

The Reject Shop profit jumps 643 per cent as restructure moves past ‘reset’

Inside Retail

Discount department store The Reject Shop’s full year results tell an interesting story – one of business suffering under the impact of the Covid-19 lockdown, but also one of a strong reset to an ailing business model.

“It’s disgusting”: The Reject Shop staff subject to verbal abuse and stalking

Inside Retail

Australian discount store chain The Reject Shop is one of many retailers that has seen a staggering increase in aggressive customers in recent times, prompting the roll out of a new training program. Business Customer Discount stores HR Management Professional Sectors

Meet the new online outlet mall targeting Gen Z and millennial consumers

Inside Retail

Solving the ‘dirty’ side of discounting. The idea for TheDOM.com came to Seskin last year, when stores were forced to close and discretionary spending dropped off due to Covid-19.

Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

Japanese discount giant Miniso’s Southeast Asian expansion seems to be on the right track. It recently introduced a brand new store format, with its first flagship store in Selangor, Malaysia. As of March 31, 2022, we have 1,916 overseas stores across the globe.

Americans go hunting for treasure in discount stores

Retail Wire

Discounters Ross Stores and TJX Companies are reporting that shoppers are returning to stores as COVID-19 restrictions are lifted and a growing percentage of Americans get vaccinated against the virus. Our business model now resonates more than it even did pre-Covid,” said TJX CEO Ernie Herrman. in-article

Miniso continues to post strong growth as Covid’s impact eases

Inside Retail

Chinese discount goods retailer Miniso has reported strong first-quarter sales and profit growth for the three months to September 30 as its store network continues to expand internationally. Business Discount stores Financial Latest Sectors Top Stories

Luxe for less: Best & Less enters beauty category with cult brand MCoBeauty

Inside Retail

Discount department store Best & Less has made its debut in the lucrative beauty category, unveiling a pink pop-up store from MCoBeauty this week. . IR: How would you describe the Best & Less pop-up store and what the customer experience is like?

Netflix and shop: Online store offers limited-edition merchandise

Inside Retail

Netflix will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on “Stranger Things,” “Lupin” and other popular shows, the streaming giant said on Thursday.

The Reject Shop staff rolls out training after team subject to verbal abuse and stalking

Inside Retail

Australian discount store chain The Reject Shop is one of many retailers that has seen a staggering increase in aggressive customers in recent times, prompting the roll out of a new training program.

Good. Different? Aldi follows rivals on self-service and e-commerce

Inside Retail

Thirteen years after Woolworths introduced self-service checkouts to Australian supermarket shoppers, discount grocer Aldi has bowed to the demand for quick and convenient self-serve transactions at its stores.

Progressive Signs 103,157-Square-Foot Lease at Vineyard Valley Center in Fontana, California

Shopping Center

Progressive Real Estate Partners has signed a new lease with Crazy Boss Big Discount Store at Vineyard Valley Center, a 285,000-square-foot retail center in Fontana. Fontana, Calif.

Illegal tobacco sales land shopkeeper in court

Talking Retail

Shujat Ali, owner of Super Discount Store, Hulton. Industry News convenience stores crime illegal tobacco lawA Salford shopkeeper continued to sell illegal and counterfeit cigarettes despite two previous raids by trading standards officers, a court has heard.

Ross Stores Plans to Add 100 Brick-and-Mortar Locations by January 2023

Retail TouchPoints

Ross Stores is already nearly one-third of the way toward its goal of opening approximately 100 new stores in fiscal 2022. In February and March 2022, the discount retailer opened 22 Ross Dress for Less locations and eight dd’s DISCOUNTS stores in 15 states and Guam.

Dollar stores become a grocery destination as prices climb

Retail Wire

More Americans are turning to dollar stores and other discounters to stretch their grocery budgets with prices rising at a rapid rate. Sales of groceries at discount stores jumped 71 percent between October 2021 and June 2022, according to InMarket. in-article

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. Saks Off 5 th store is scheduled to open this fall.

Poundland steps up drive to revamp stores and widen ranges

Retail Focus

Poundland has set out plans to offer an alternative to the big grocers by accelerating ‘Project Diamond’ which will bring new ranges to between 275 and 300 more stores between now and Autumn 2023. All Diamond Poundland stores will offer Britain’s best value meal deal for £2.50

Ross to Open 100 New Stores

VMS

Ross Stores Inc. Dublin, CA) plans to open 100 new doors by the end of fiscal 2022, which would push the retailer past 2000 locations for its combined footprint of Ross Dress for Less (“Ross”) and dd’s Discounts stores. Headlines Ross specialty apparel store openings

Ross Stores Plans to Open 60 New Locations in 2021

Retail TouchPoints

Ross Stores recently opened four Ross Dress for Less and three dd’s DISCOUNTS stores across five different states in February and March. ” News Briefs Retail Store Design design:retail News new stores Ross Dress for Less ross stores

TCB-WCO Purchases West Colonial Oaks Shopping Center in Orlando for $17 Million

Shopping Center

Office Depot, Family Dollar, Olive Garden and Ollie’s Bargain Discount Store anchor the property. Orlando, Fla. — TCB-WCO has purchased West Colonial Oaks, a 160,792-square-foot shopping center located in Orlando, for $17 million. Jose Sasson of Axiom Capital Advisors represented… The post TCB-WCO Purchases West Colonial Oaks Shopping Center in Orlando for $17 Million appeared first on Shopping Center Business. Florida Investment sales News

Shoppers spent US$900bn more online last year – and the trend will stick

Inside Retail

Grocery and discount store digital gains look sticky: Essential retail sectors, which had the smallest digital share before the crisis, saw some of the biggest gains as consumers adapted.

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

Retail TouchPoints

The other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each). Just over half ( 52% ) of U.S.

What Japan’s newly-opened border means for its struggling retailers

Inside Retail

It has also been reported that discount store chain Don Quijote would be hiring more multilingual foreign staff to prepare for a rise in duty free shopping services.

Retail Channel Strategy – Don’t forget the discounters

Mike Anthony

If the trade press is anything to go by, you’d imagine that the discounter channel had somehow disappeared over the last twelve months. True, the discounters have had a quiet pandemic. From what I can see, discounters are well positioned to go from strength to strength.

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 IPO caps off a strong period of growth for Best & Less, which operates 246 bricks-and-mortar stores across the Best & Less and Postie chains in Australia and New Zealand, respectively.

Customer satisfaction is basically unchanged

Mass Relators

Drug stores actually see a slight bump, while the other retailers are steady across the board. “If After three years of worsening customer satisfaction, the drug store industry as a whole improved 1.3% Walmart was in last place in the drug store ranking, sinking 3% to 71.

NRF: More consumers seeking bargains this Easter

Mass Relators

Like last year, half (50%) of holiday shoppers plan to purchase gifts at discount stores, 41% at department stores and 35% online. WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8

Customer satisfaction with retailers is mostly steady

Mass Relators

This study includes six retail industries – online retail, department and discount stores, specialty retail stores, drugstores, supermarkets, and gas stations – as well as consumer shipping and the U.S. ANN ARBOR, Mich.

DICK’S Sporting Goods Launches New Outlet And Clearance Banners

Retail TouchPoints

DICK’S Sporting Goods is opening two new discount-focused store concepts: OVERTIME by DICK’S Sporting Goods and DICK’S Sporting Goods Warehouse. The first three OVERTIME stores will open in Connecticut, Maryland and Pennsylvania.

NRF: Thanksgiving weekend drew 196.7 million shoppers

Mass Relators

million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. WASHINGTON – A record 196.7

Valentine’s Day spending to hit $23.9 billion

Mass Relators

Online continues to be the most popular shopping destination for Valentine’s Day this year, visited by 41%, followed by department stores at 32 percent, discount stores at 28%, local small businesses at 18% and florists at 17%.