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Discount Store

  • Slideshow: TJX's new U.S. concept opens

    TJX Companies has taken the wraps off its newest U.S. retail format, Homesense, which debuted at Shopper's World plaza in Framingham, Mass.   The new concept, which TJX has described as a complement to its Home Goods format, has expanded departments for large-scale furniture, lighting and art. It also features new departments, including a general store.  

  • Key exec departs Francesca's Holdings

    Francesca's Holdings Corp. is on the hunt for a new chief merchant.   The apparel retailer announced that Laurie Hummel, executive VP and chief merchandising officer, has left the company. It did not provide a reason for her departure.    Hummel joined Francesca's in November 2015. Previously, she served two years as senior VP and divisional merchandise manager at Kohl’s. Before that, she was with State Stores.   

  • Center changes hands in ‘fast-growing’ Folsom

    Citing favorable demographics and a steady income stream, Nazareth Enterprises acquired the Walmart Central Shopping Center in Folsom, California for $39.7 million.    Besides Walmart, the 139,377-sq.-ft. center contains a 24-hour Fitness SuperSport Gym, the 99Cent Store, and Great Clips. It’s shadow-anchored by a Super Walmart.  

  • Dick’s Sporting Goods to open at another CBL property

    CBL is getting ready to open its 28th Dick’s Sporting Goods store, this one at Richland Mall in Waco, Texas.   “This new store will drive significant traffic to the center and illustrates our ongoing commitment to enhancing the tenant mix at the property,” said CBL CEO Stephen Lebovitz.   Other new arrivals at Richland include H&M, PINK, and White Barn. Bath & Body Works and Victoria’s Secret recently completed remodels. Dick’s is set to open in spring 2018.

  • Ross Stores tops sales, earnings estimates; raises guidance

    Shoppers just can't stay away from off-price stores.   Ross Stores' earned $317 million, or 82 cents a share, in the quarter ended July 29, up 15% from $282 million, or 71 cents a share, in the year-ago period. Analysts had expected earnings of $0.76 per share.   Sales rose 8% to $3.43 billion. Same-store sales increased 4%.  

  • Digital and store sales boost Walmart in Q2

    Walmart reported better-than-expected results for its second quarter amid surging online sales and an increase in store traffic.    Walmart's total revenue for the period ended July 31 rose 2.3% to $123.36 billion for the quarter, better than analysts had expected. U.S. store visits increased 1.3% over the year-ago period.   

  • Two high-profile Walmart acquisitions will find a home on jet.com

    A discount giant is using its newest acquisitions to connect with its millennial shoppers.   During an earnings call, Walmart revealed that it’s trendy, upscale Bonobos or ModCloth brands will soon be sold via jet.com. This move highlights how Walmart plans to leverage its Jet division to target the millennial shopper, according to Business Insider.  

  • Analyst: Walmart shows that traditional retail can thrive if they adapt, evolve

    The second quarter numbers show that Walmart remains firmly on the front foot and is more than holding its own in a challenging and competitive retail market. It is particularly pleasing to see sales growth accelerate since Q1 -- a clear sign that the various initiatives and investments are paying dividends.  
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