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

Inside Retail

The post Chinese discount store Miniso is growing by one new store a day appeared first on Inside Retail. . “Online business has been accelerated by the pandemic and will be one of the priorities for the future development of Miniso,” said Robin Liu, chief marketing officer and head of e-commerce at Miniso.

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Where are the Jack’s discount stores which will be shut amid Tesco cuts?

365 Retail

Tesco changes announced on Monday include shutting seven of its 13 Jack’s discount stores , while the remainder will become supermarkets. The seven Jack’s stores which will be closing are based in: – Hull. – The locations where Jack’s outlets will become large Tesco stores: – Chatteris. Castle Bromwich. Middlewich.

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Silly Solly’s plans 10 more stores as it moves to franchise model

Inside Retail

Expansion through conversion Silly Solly’s is looking for conversions in its growth strategy and is targeting other discount stores whose owners want to be part of a bigger buying arrangement. The brand has announced its first Adelaide store will open before Christmas. The chain boasts ‘Nothing over $5’ in its advertising.

Planning 298
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Store openings outpace closures in 2022: Coresight

Retail Dive

Discount stores — driven by dollar stores — led retail openings, while apparel stores saw the most closures.

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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. Meanwhile in the US, discount store chain Dollar General pulled in approximately $33.75 In June, Pepco reported first-half underlying earnings of €324 million, up 16.8

Consumer 246
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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.