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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.”.

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Cash Converters splashes cash on its biggest UK franchisee

Inside Retail

Capital Cash has been operating in the UK for more than 20 years and offers pawnbroking, buy-back and retailing of second-hand goods its across 42 stores. Business Discount stores Featured Post Financial Sectors Capital Cash Cash Converters

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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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The Reject Shop sales increase, consumers favour low-priced consumables

Inside Retail

Discount retailer The Reject Shop says consumers are gravitating towards low-priced consumables due to inflation. million while comparable store sales were up 2.4 It closed one store and expects to close four more during the second half due to centre redevelopments.

Consumer 246
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Kmart underpins strong quarter for Wesfarmers – but inflation fears loom

Inside Retail

Business Discount stores Featured Post Financial Hardware Sectors Bunnings Catch Group Kmart WesfarmersWesfarmers has reported a 14 per cent increase in interim profit, with its Kmart arm sales up by 114 per cent.

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The Reject Shop sales increase, positive momentum in January

Inside Retail

Discount retailer The Reject Shop says it is pleased with the ongoing “positive momentum” in sales following a strong Christmas trading period. million while comparable store sales improved by 2.4 Business Discount stores HR Sectors Top Stories The Reject Shop

Shopping 243
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CEOs exit: The Reject Shop, Best & Less leaders step down

Inside Retail

The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons. Business Discount stores Featured Post Management Sectors Best and Less The Reject Shop

Shopping 246
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TK Maxx set to open first WA store

Inside Retail

International ‘off-price’ apparel retailer TK Maxx is set to open its first WA store in Perth’s Ocean Keys Shopping Centre in Clarkson. A TK Maxx Australia spokesperson told The West Australian it plans to open more stores in Perth during the coming years.

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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

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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

Shopping 246
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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.

Shopping 246
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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

Shopping 245
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Weak consumer demand dents Best & Less Group profits

Inside Retail

The company plans to open six new stores in this half. Business Discount stores Fashion & accessories Financial Sectors Top Stories Best & LessSpecialty value retailer Best & Less Group has reported a slump in profits as consumer demand softened during the first half.

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“A great deal of support”: NZ retail community steps up after cyclone

Inside Retail

Business Customer Discount stores Professional SectorsA number of New Zealand businesses and retailers have launched drives and initiatives in order to support other businesses and communities affected by Cyclone Gabrielle.

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“A great deal of support”: NZ retail community steps up after cyclone

Inside Retail

Business Customer Discount stores Professional Sectors Top StoriesA number of New Zealand businesses and retailers have launched drives and initiatives in order to support other businesses and communities affected by Cyclone Gabrielle.

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Amidst high inflation, sari-sari stores are the lifeline for all Filipinos

Inside Retail

That is according to recent research by software provider Packworks in collaboration with Fourthwall, a sociocultural research firm, which looked at prices for food items in sari-sari stores, the local term for neighbourhood stores that serve lower-middle-class communities.

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Belk Expands Outlet Concept with New and Discounted Items

Retail TouchPoints

Each Belk Outlet stocks discounted items from larger Belk stores across the retailer’s footprint, including new products as well as high-end and designer brands the locations may not have carried in the past. The first Belk Outlet concept store opened in Greenville, Tenn.

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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. –

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Woolworths’ first-half profit increases as customers return to stores

Inside Retail

per cent as customers across all businesses returned to in-store shopping. billion driven by an increase in-store shopping while WooliesX sales (including e-commerce) fell 6.3 Business Discount stores Featured Post Financial Sectors Supermarkets Big W Woolworths woolworths group

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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.

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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. Much of its focus is on what it calls “attractive discount markets” such as the UK, the Republic of Ireland and Spain.

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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”.

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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.

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“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

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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.

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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. 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

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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

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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

Shopping 130
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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. in-article

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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.

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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

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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?

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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.

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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.

Shopping 130
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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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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.

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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.

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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.

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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.

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Walmart Plans $1.5 Billion Investment in Mexico and Central America for 2023

Retail TouchPoints

The investment, which is up 27% from the amount spent in 2022, will primarily be used to remodel and maintain existing stores while opening new locations, along with improvements to supply chain and technology. The new stores are expected to contribute 1.2%

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

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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

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Dick’s Doubles Down on House of Sport Format, Planning 19 New Locations by 2024

Retail TouchPoints

Through a combination of converting existing stores and building at least 10 new stores next year, Dick’s Sporting Goods will add at least 19 House of Sport locations by 2024. 28, 2023, the retailer will convert the remaining 17 stores to House of Sport or larger-format Dick’s stores.

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