As even affluent consumers see their spending power diminish, Dollar Tree is making gains with high-income shoppers, even as the business on the whole faces ongoing challenges. The discount retail giant, which owns its self-titled banner as well as Family Dollar, shared on a call...
Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the United States, for instance, supermarket chain Aldi recently announced that it is reducing the prices of more than 250 products. “We don’t...
Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. On a call with analysts Thursday (May 25) discussing the retailer’s first quarter FY2023 financial results, Dreiling noted that the availability of frozen foods has had...
High inflation and reduced government aid have led to a spike in food bank demand. A report Sunday (May 7) by Bloomberg News illustrates this trend with the example of the Red Cross’ food pantry in Boston, which in April saw the highest monthly traffic in...
August 18, 2017
It’s Friday, which can only mean one thing — time to see what Sizzled and what Fizzled this week. Sizzle: Retail Sales: Research firms like Seeking Alpha have pointed out that retail sales are at their highest level since holiday sales shopping dominated in December 2016. And they are at the highest level, as measured in […]
April 08, 2024
Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said it was closing all of its 371 locations in the southwestern part of the country. “This was an extremely difficult decision and is not the outcome we expected or hoped […]
May 07, 2023
High inflation and reduced government aid have led to a spike in food bank demand. A report Sunday (May 7) by Bloomberg News illustrates this trend with the example of the...
December 13, 2022
Discount retailer Pepco will open 550 new stores as inflation-weary consumers seek less costly products. The Polish company said Tuesday (Dec. 13) it had opened 516 stores for the year...
March 11, 2020
Luxury retailer Neiman Marcus has decided to pivot away from discount stores to focus more on its luxury customers, according to a report by The Wall Street Journal. The retailer...
