Discount Store

San Francisco – Strong same-store sales growth at Old Navy helped drive a 1% increase in net sales at Gap Inc. to $1.53 billion in March 2015, compared with net sales of $1.51 billion for the same month the previous year.

Gap Inc.’s overall same-store sales were up 2%. The company said that the earlier timing of the Easter holiday peak shopping weeks in 2015 benefited March sales results and will likely negatively impact its April sales results.

Amazon’s Prime membership is starting to crowd out traditional retailers like Walmart and Target, according to Forbes.

The magazine reports that research consultant Millward Brown Digital found that consumers with Prime accounts –- of which there are reportedly 40 million subscribers –- are less likely to visit other retail sites when making online purchases.

New York -- Specialty retailer L Brands continued its winning ways in March, reporting a 9% increase in same-store sales, higher than expectations. Total sales increased 10% to $981.2 million, from $923.7 million in the year ago period.

The Cato Corp. also turned in a winning performance, with a 12% surge in March same-store sales. For the nine weeks ended April 4, sales totaled $197.5 million, up 5% from $188.98 million a year earlier.

New York -- Tiger, the Danish discount chain known for its low prices and design emphasis, is entering the United States, opening a 5,000-sq.-ft. flagship in May, in New York City.

Tiger stores offer a quirky, ever-changing selection of exclusive products across a wide variety of categories, including home, toys, hobby, party, snacks, electronics, gadgets, fashion accessories and seasonal. The majority of its products, roughly half of which are designed in house, sell for $10 or less.

Cold weather in February caused profits to slide at Family Dollar Stores Inc. ahead of its impending merger with Dollar Tree.

Matthews, N.C. – Profits slid at Family Dollar Stores Inc. during the second quarter of fiscal 2015 compared to last year, but still beat Wall Street predictions. The discounter reported net income of $76.7 million, down 18% from $90.9 million.

City of Commerce, Calif. – 99 Cents Only Stores is opening nine new stores in California between April 9 and April 11. The stores will be located in the communities of San Luis Obispo, Ontario, Sonora, Santee, Escondido, Tustin, San Bernardino, Cypress and South El Monte.

99 Cents Only currently operates 384 stores located in California, Texas, Arizona & Nevada.