All articles tagged with #store expansion
A loyal shopper expresses frustration over a supermarket's new one-door entry and exit policy, which complicates shopping for those with mobility issues, while Dear Abby suggests shopping elsewhere if possible. The column also discusses a husband's financial support for his ex-wife and the wife's concerns about her husband's generosity, advising communication and legal consultation if needed.
Five Below reported a 2.3% decline in comparable sales for the first quarter, attributing the drop to reduced spending by lower-income consumers impacted by inflation. Despite this, net sales rose 11.8% due to the opening of 61 new stores. The company plans to focus on trend identification, value communication, and cost optimization to drive sales, and expects a mid-single digit decrease in comparable sales for the current quarter and a 3% to 5% decrease for fiscal 2024. Five Below aims to expand to 3,500 stores by 2030.
Walmart plans to build or convert over 150 stores in the next five years, marking a shift from its previous focus on online efforts and store remodels. The retailer, which hasn't opened new stores since November 2021, aims to utilize its physical stores for online order fulfillment and pickup. The first two new stores, both Neighborhood Markets, are set to open in Atlanta and Santa Rosa Beach, Florida, with plans for 12 new store projects and the conversion of a smaller location to a Walmart Supercenter. Additionally, Walmart plans to remodel 650 stores across 47 states and Puerto Rico, reflecting its new concept with improved layouts, expanded product selections, and new technology.
Walmart plans to build or convert over 150 U.S. stores in the next five years, marking a shift from its previous focus on online efforts and store remodels. The retailer, which hasn't opened a new store since November 2021, will also remodel 650 stores in the next 12 months, reflecting its new concept with improved layouts, expanded product selections, and new technology to enhance customer experience. This move comes as Walmart, like many other retailers, increasingly relies on its physical stores to fulfill online orders and serve as pickup locations.
Dollar General's earnings report missed estimates on the top and bottom lines, causing shares to plunge nearly 20%. The company's core customers are reining in their spending amid a challenging macroeconomic environment, leading to a slashed full-year outlook. Same-store sales increased 1.6%, half of what analysts had expected, due to slowdowns in seasonal, home, and apparel categories. Dollar General is dialing back its expansion, now planning to open 990 new stores in fiscal 2023. The company is also facing pressure to improve working conditions for its employees.