Content about Discount Store

September 6, 2013

As a discount department store retailer, Kohl’s is targeting a middle-class consumer looking for decent quality merchandise at a fair price.

As a discount department store retailer, Kohl’s is targeting a middle-class consumer looking for decent quality merchandise at a fair price. Kohl’s array of in-store IT solutions reflects this “Middle America” marketing and merchandising approach by focusing on self-service technology that makes finding products and determining prices as quick and convenient as possible, rather than leading-edge solutions that might appeal to higher-income, connected shoppers.

Digital price display

May 11, 2012

Midwestern discount department store retailer Gordman’s Stores said that profit for the quarter ended April 28 rose 10.6% to $8.1 million, compared with $7.3 million in the year-ago period.

Omaha, Neb. -- Midwestern discount department store retailer Gordman’s Stores said Friday that profit for the quarter ended April 28 rose 10.6% to $8.1 million, compared with $7.3 million in the year-ago period.

Sales rose 13.8% to $133.9 million, from $117.7 million. Same-store sales climbed 4.7%.

“We are pleased with our overall performance and remain confident in our ability to realize our sales and profit guidance for fiscal 2012," said Jeff Gordman, president and CEO.

January 20, 2012

Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer.

Bentonville, Ark. -- Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer. The retailer said it has named Rosalind Brewer as president and CEO of Sam's Club. She is the first woman and the first African-American to hold a CEO position at one of the company's business units.

January 5, 2012

The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

New York City -- The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

“Cold-weather categories, which are highly profitable and represent approximately 25% of our business in December, were down mid-teens on a percentage basis,” said Tony Buccina, vice chairman, president – merchandising, The Bon-Ton Stores, whose December same-store sales fell 0.7%. The company widened its loss forecast.

August 1, 2011

Discount stores will continue to dominate as the destination for the majority of consumers’ back-to-school dollars this year, with office supply stores also remaining strong, according to a survey by Accenture on parents’ back-to-school shopping plans.

New York City -- Discount stores will continue to dominate as the destination for the majority of consumers’ back-to-school dollars this year, with office supply stores also remaining strong, according to a survey by Accenture on parents’ back-to-school shopping plans. The majority of parents (59%) will spend between $100 and $500 on back-to-school shopping this year, with 21% of consumers saying they plan to spend more than $500 this year. That’s down from 28% in 2010, indicating a decline in spending on the big ticket items for school.

July 25, 2011

By Michael Havdala, senior VP, retail brokerage, HSA Commercial Real Estate

By Michael Havdala, mhavdala@hsacommercial.com

When the Circuit City and Linens N’ Things spaces began to go dark in 2008, many landlords wondered who would step up to take their places. These concerns only deepened as the economic downturn cast doubt over retail leasing prospects.

March 11, 2011

Discount store retailer 99 Cents Only Stores has received a proposal to take the company private from the company's founding family and investment firm Leonard Green & Partners LP for $19.09 per share, the Associated Press reported.

City of Commerce, Calif. — Discount store retailer 99 Cents Only Stores has received a proposal to take the company private from the company's founding family and investment firm Leonard Green & Partners LP for $19.09 per share, the Associated Press reported.

The offer would value the company at about $1.3 billion. According to 99 Cents, the purchasers would include the Schiffer-Gold family, which owns about 33% of its outstanding stock. David Gold is company founder and chairman, and his son-in-law Eric Schiffer is CEO.

February 25, 2011

Wal-Mart de Mexico SAB (Walmex) plans to increase investment by 45% in 2011 from last year as it expands its business in Mexico and Central America, Bloomberg reported.

New York City -- Wal-Mart de Mexico SAB (Walmex) plans to increase investment by 45% in 2011 from last year as it expands its business in Mexico and Central America, Bloomberg reported.

Capital expenditures will increase to 18.97 billion pesos ($1.56 billion) this year, CEO Scot Rank said in remarks broadcast on the company’s website.

January 27, 2011

Walmart Canada, a unit of Wal-Mart Stores, will invest approximately $500 million on expansion its upcoming fiscal year, which runs from Feb. 1, 2011 to Jan. 31, 2012.

New York City -- Walmart Canada, a unit of Wal-Mart Stores, will invest approximately $500 million on expansion its upcoming fiscal year, which runs from Feb. 1, 2011 to Jan. 31, 2012. The discounter plans to open new supercenters, as well as expand, relocate and remodel existing stores.

Although Walmart Canada did not disclose exact locations, it did reveal that it will enter two new new markets this year: the provinces of Quebec and Manitoba.

October 27, 2010

Teradata Corp. announced that E-Mart, the largest discount store chain in Korea, has selected Teradata...

San Diego Teradata Corp. announced that E-Mart, the largest discount store chain in Korea, has selected Teradata solutions and services to support its E-Mart Online Shopping Mall.

The growing web platform is driven by continuous volumes of real-time market and interaction data, which are routed to and managed by E-Mart's customer relationship management processes using the large Teradata Database and platform family.

September 19, 2010

Smaller formats are key components of both Wal-Mart Stores and Target Corp.’s urban strategies, according...

August 4, 2010

A new back-to-school shopping survey released Thursday by Accenture found that discount stores will dominate...

October 28, 2009

Stein Mart, a specialty discount department store, will open its second Scottsdale, Ariz., store on...

October 18, 2009

Wal-Mart Stores is focusing on its smaller-format Neighborhood Markets, as evidenced by the retailer’s recent...

January 13, 2009

Retailers will face a major challenge as a survey released Wednesday by America’s Research Group/UBS...

December 14, 2008

For the first...

August 6, 2008

Department stores generally saw their sales slip in July as consumers continued to head to...

July 8, 2008

Consumers said they plan to spend an average of $590 on back-to-school clothes and supplies...

April 28, 2008

Wal-Mart Stores on Tuesday unveiled its plans to entice U.S. shoppers to spend their tax...

March 10, 2008

Gottschalks is launching a smaller-store strategy....

March 5, 2008

Wal-Mart Stores Inc. said Wednesday it will open 80 supercenter stores in the first quarter,...

January 13, 2008

Bentonville, Ark. Wal-Mart Stores announced Monday it will open a new, smaller-size grocery-store concept in...

November 19, 2007

Bentonville, Ark., Santa...

October 30, 2007

Bentonville, Ark., Wal-Mart...

October 28, 2007

Bentonville, Ark., Wal-Mart...