Skip to main content

Discount Store

  • Christmas shoppers flock to Ollie's Bargain Outlet

    Ollie’s Bargain Outlet is raising its full year outlook after the discount retailer holiday strategy delievered strong sales growth.

    The company annouced that net sales over the holidays increased 23%, while same store sales increased 5.6%.

  • Holiday scorecard: Winners, losers and those in between

    In what was arguably one of the strangest holiday season in recent memory – for a variety of reasons – retailers have reported a variety of results ranging from impressive to outright awful.

  • A good Christmas for Five Below

    Five Below says its same-store sales rose 4.1% during the holiday season, prompting the company to boost its guidance for the fourth quarter.

    The company announced that net sales for the nine-week period ended Jan. 2 increased by 24% to $286.1 million from $230.7 million in the comparable nine-week period of fiscal 2014, while same-store sales for this period increased by 4.1% over the comparable period in fiscal 2014.

  • Family Dollar CEO is leaving Dollar Tree

    Dollar Tree says Family Dollar CEO Howard R. Levine is stepping down as an officer of the company following the integration of Family Dollar.

    The company had previously announced that Levine would remain with the company for a period of time to assist with the integration, reporting to, and supporting, Dollar Tree’s CEO, Bob Sasser. Gary Philbin, who was named Family Dollar’s president and COO in July, will continue leading Family Dollar and will continue reporting to Sasser.

  • Dollar Tree to expand Pennsylvania footprint

    Plymouth Meeting, Pa. -- Metro Commercial Real Estate announced it has negotiated 13 new store openings for Dollar Tree in Pennsylvania.

    Dollar Tree a value-driven variety store operating at a one-dollar price point, with stores where Middle America lives and shops and incorporates the philosophy of bright stores, big signs, and a clean environment.

  • Kmart promotes fun, fitness, loyalty

    Kmart is launching a new social media campaign called “Fit in the Fun” that promotes the enjoyment of healthy activities while also engaging members of its Shop Your Way loyalty program.

    The program includes a dedicated Fit in the Fun website as well as a #FitintheFun hashtag campaign. In addition, celebrity fitness instructor Jillian Michaels (who has an established relationship with Kmart) offers online tips and also sells branded merchandise on the new site.

  • Q&A with Shoppers World CEO on his ‘Undercover’ experience

    Photos: Sam Dushey before his appearance on “Undercover Boss,” (photo, left) and after he underwent his undercover transformation (photo, right). Via CBS.com

  • Hudson’s Bay Company acquires Gilt Groupe

    Leading department store operator Hudson’s Bay Company confirmed months of speculation and agreed to pay what appears to be a modest sum to acquire online luxury retailer Gilt Groupe.

    Hudson’s Bay, which operates 470 department stores including Saks Fifth Avenue and the Off 5th discount format, said it agreed to pay $250 million for Gilt in a deal that will add $500 million to 2016, $40 million in adjusted operating profit by 2017 and countless synergies to leverage the combined companies’ infrastructure and customer databases.

X
This ad will auto-close in 10 seconds