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Discount Stores

All articles tagged with #discount stores

business1 day ago•13 min saved

Aldi ramps up U.S. expansion toward 3,200 stores by 2028

Discount grocer Aldi is accelerating its U.S. growth, planning more than 180 new stores this year and aiming for roughly 3,200 U.S. locations by 2028. It has outlined an 800-store push through 2028, will add distribution centers in Florida, Arizona and Colorado, and is investing about $9 billion in the U.S. through 2028, bringing its U.S. store count to about 2,800 by year‑end as shoppers lean toward discount retailers amid inflation and competition from Walmart and Amazon.

via AP News|

#aldi #business #discount-stores

business17 days ago•2 min saved

Grocery Chain Surpasses Walmart in Price Savings

Aldi generally offers lower prices on groceries compared to Walmart, especially for store brands, fresh produce, and meat, but Walmart has a wider variety and cheaper eggs, so shoppers should compare prices based on specific items to save the most money.

via Yahoo|

#aldi #business #discount-stores

business7 months ago•2 min saved

Dollar General Boosts Sales as Higher-Income Shoppers Flock to Discount Retailer

Dollar General is experiencing a shift with more middle- and high-income households shopping there, while its core lower-income customers remain under financial stress, reflecting broader trends in consumer behavior and economic pressures. The company’s recent earnings surpassed expectations, and other discount retailers like Ollie's also reported consumer stress, whereas Dollar Tree is set to release its quarterly results.

via Investopedia|

#business #consumer-behavior #discount-stores

economy1 year ago•3 min saved

"Discounts Surge as Americans Seek Relief from High Prices"

As inflation-weary Americans become more cautious with their spending, retailers like Dollar General, Target, and Walmart are offering more discounts to attract cost-conscious shoppers. Dollar General is seeing an increase in middle- and upper-income customers, though lower-income shoppers are buying fewer items. Consumer spending on goods has slowed, while spending on services remains high, keeping inflation elevated. Personal income growth slightly outpaced spending in April, but credit card debt remains a concern. The Federal Reserve is likely to keep interest rates stable through the summer.

via NPR|

#consumer-spending #discount-stores #economy

business1 year ago•3 min saved

"Dollar Tree Raises Price Cap to $7 Amidst Growing Demand"

Dollar Tree plans to raise the price cap in its stores to $7 and expand its multi-price assortment, with a focus on higher-cost items like food, pet, and personal care products. The company has observed an increase in traffic from higher income consumers and will be closing approximately 600 Family Dollar stores this year, with more closures expected in the coming years. Despite the closures, Dollar Tree opened 641 stores in the previous financial year and operated 16,774 stores across 48 states and five Canadian provinces as of February 3.

via USA TODAY|

#business #discount-stores #dollar-tree

economy2 years ago•2 min saved

"Smart Strategies for Saving on Back-to-School Expenses"

Parents in the U.S. are expecting higher back-to-school expenses this year due to inflation, with 75% of respondents planning to spend more on school supplies and new clothes compared to last year, according to a survey by ICSC. The average spending on back-to-school items is projected to be $969, with electronics being the highest expense at $260. The survey also revealed that inflation and rising prices will influence purchasing decisions, with seven out of 10 parents planning to shop at discount stores. Despite concerns about inflation, retailers are optimistic about a successful back-to-school season.

via Fox Business|

#back-to-school-spending #consumer-survey #discount-stores

business2 years ago•6 min saved

Navigating Inflation: How Grocery Shopping Habits are Changing.

Consumers in the US are feeling the effects of high inflation rates, with many rethinking how they buy groceries to save money. Some are switching supermarkets or buying less expensive alternatives, while others are buying store-brand products to keep costs down. Private label goods have seen a gradual uptick in popularity, driven by high inflation categories such as pet care and dairy. Discount grocery stores have benefited from the current climate, which has brought in new customers at many different income levels trying to trim costs. Despite rising grocery bills, Americans are now spending more on dining out than groceries.

via Los Angeles Times|

#business #consumer-spending #discount-stores