As Walmart and other retailers focus and spend heavily on omnichannel shopping, other discounters such as Dollar General, Dollar Tree and Ross have announced expansion plans for more stores in 2021. Coresight Research reports more than 3,199 new store announcements in the first quarter of 2021, compared with 2,548 closures. It is the first time […]

Any doubts about whether shoppers would return to discount retail stores to rummage through racks in the hunt for bargains were crushed this week when TJX Companies and Ross Stores reported their first-quarter earnings. Both companies’ sales surged past analyst estimates, as consumers started packing back into their stores to look for new outfits, shoes, […]

1962 was the year of the discount department store. Although there are examples of discount houses that predated that year, especially in the Northeast, most of the biggest names opened their doors in 1962. Four retailers from this “Class of 1962” have made it to 2021. Three are thriving but one, regarded as an industry […]