What happens when consumers grow too cash-strapped for discount stores? In some cases, the stores go under. As Bloomberg News reported Sunday (May 26), the economic pressures on lower and middle-income Americans have begun to impact the retailers that cater to them. For example, fashion retailer Rue21, whose...
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to macro factors, we are convinced that our flexible business model and value proposition will continue...
Businesses that rely on the old-school, brick-and-mortar business model are turning away from eCommerce. Burlington, in one case, announced on its last earnings call that it will stop selling its off-priced goods online and plans to expand its footprint. And Ross Stores, which doesn’t sell online, is looking to...
If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. Both of them came from companies that rely on a decidedly old-school business model: brick...
August 21, 2024
TJ Maxx/Marshalls’ parent TJX continues to benefit from value-chasing consumers. The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons. “We’re convinced that consumers will keep seeking value,” CEO Ernie […]
May 26, 2024
What happens when consumers grow too cash-strapped for discount stores? In some cases, the stores go under. As Bloomberg News reported Sunday (May 26), the economic pressures on lower and middle-income Americans...
November 16, 2022
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to...
May 01, 2017
Dollar General got approval from the Federal Trade Commission to purchase more than 300 Dollar Express stores across 36 states. According to a report, with the nod from the FTC...
