A discount store is a type of department store A department store is a retail establishment which specializes in satisfying a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice multiple merchandise lines, at variable price points, in all product categories. Department stores usually sell products including, which sell products at prices lower than those asked by traditional retail outlets. Most discount department stores offer wide assortments of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances. Discount stores are not dollar stores A variety store or price-point retailer is a retail store that sells inexpensive items, usually with a single price point for all items in the store. Typical merchandise includes cleaning supplies, toys, and confectionery. Formerly many variety stores had lunch counters for inexpensive meals. "Variety store" may also refer to a, which sell goods at a dollar or less. Discount stores differ because they sell branded goods and prices vary widely between different products. Discount department stores are more popular in the United States than other countries. Following World War II World War II, or the Second World War , was a global military conflict which involved a majority of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis. The war involved the mobilization of over 100 million military personnel, making it the most widespread war in history, a number of retail establishments in the United States began to pursue a high-volume, low-profit strategy designed to attract price-conscious consumers.
During the period from the 1950s to the late-1980s, discount stores were more popular than the average supermarket A supermarket, also called a grocery store in some parts of North America, is a self-service store offering a wide variety of food and household merchandise, organized into departments. It is larger in size and has a wider selection than a traditional grocery store and it is smaller than a hypermarket or superstore or department store. There were hundreds of discount stores in operation, with their most successful period occurring during the mid-1960s in the United States The United States of America is a federal constitutional republic comprising fifty states and a federal district. The country is situated mostly in central North America, where its 48 contiguous states and Washington, D.C., the capital district, lie between the Pacific and Atlantic Oceans, bordered by Canada to the north and Mexico to the south with discount store chains such as Kmart Kmart is a chain of discount department stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam. The chain acquired Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now has no relation to the American stores, Fisher's Big Wheel, Zayre, Howard Brothers Discount Stores, Kuhn's-Big K (sold to Wal-Mart Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500. Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. Wal-mart is the in 1981), GEM, TG&Y TG&Y was a five and dime, or variety store, chain in the United States. The chain was named for its three founders: Rawdon E. Tomlinson, Enoch L. "Les" Gosselin, and Raymond A. Young. The initials were ordered according to the age of the three, with Tomlinson being the oldest. Founded in 1935, the chain was headquartered in Oklahoma and Woolco (closed in 1983, part sold to Wal-Mart) amongst others. Currently, Wal-Mart Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500. Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. Wal-mart is the, the largest retailer in the world, operates 1,353 discount stores in the United States; Target Target Corporation is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the first Target store opened in Roseville, Minnesota, and in 2000 the company changed its name from Dayton Hudson to Target. Target Corporation has units in all 50 U.S. states except for Vermont.(as of and Kmart Sears Holdings Corporation is the eighth largest retailer in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, and Kroger. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan are Wal-Mart's top competitors.
Examples of discount retail chain stores include Wal-Mart Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500. Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. Wal-mart is the, Kmart Sears Holdings Corporation is the eighth largest retailer in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, and Kroger. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan and Target Target Corporation , usually known as Target, is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the first Target store opened in Roseville, Minnesota, and in 2000 the company changed its name from Dayton Hudson to Target. Target Corporation has units in 49 U.S. states (the, all of which opened their first locations in 1962. Other retail companies branched out into the discount store business around this time as adjuncts to their older store concepts. As examples, Woolworth The F. W. Woolworth Company was a retail company that was one of the original American five-and-dime stores. The first Woolworth's store was founded, with a loan of $300, in 1878 by Frank Winfield Woolworth. Despite growing to be one of the largest retail chains in the world through most of the 20th century, increased competition led to its opened a Woolco chain; Montgomery Ward opened Jefferson Ward; Chicago-based Jewel Jewel is an American supermarket chain that has 185 stores across northern, central, western Illinois; eastern Iowa; and portions of northwest Indiana. Jewel's warehouse and management offices are currently located in Melrose Park, Illinois; however, as of early August 2008, its management offices were being relocated to Itasca. Jewel and Jewel- launched Turn Style; and Central Indiana-based L. S. Ayres L. S. Ayres & Company was an Indianapolis, Indiana, department store founded in 1872 by Lyman S. Ayres and taken over by his son Frederic in 1896. The former Ayres locations are now part of Atlanta-based Macy's Central, and New York-based Macy's East, both divisions of Federated Department Stores created Ayr-Way. These chains typically were either shut down or sold to a larger competitor during the late '70s and early '80s. Kmart and Target themselves are examples of adjuncts, although their growth prompted their respective parent companies to abandon their older concepts (the S.S. Kresge five and dime A variety store or price-point retailer is a retail store that sells inexpensive items, usually with a single price point for all items in the store. Typical merchandise includes cleaning supplies, toys, and confectionery. Formerly many variety stores had lunch counters for inexpensive meals. "Variety store" may also refer to a store disappeared, while the Dayton-Hudson Corporation Target Corporation , usually known as Target, is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the first Target store opened in Roseville, Minnesota, and in 2000 the company changed its name from Dayton Hudson to Target. Target Corporation has units in 49 U.S. states (the eventually divested itself of its department store holdings and renamed itself Target Corporation).
Many of the major discounters are now opening "supercenters", which add a full-service grocery store to the traditional format. The Meijer chain in the Midwest consists entirely of supercenters, while Wal-Mart and Target have focused on the format as of the '90s as a key to their continued growth. Although discount stores and department stores have different retailing goals and different markets, a recent development in retailing is the "discount department store", such as Sears Essentials, which is a combination of the Kmart and Sears formats, following the companies' merger as Sears Holdings Corporation Sears Holdings Corporation is the eighth largest retailer in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, and Kroger. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan.
See also
- Department store A department store is a retail establishment which specializes in satisfying a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice multiple merchandise lines, at variable price points, in all product categories. Department stores usually sell products including
- Hypermarket In commerce, a hypermarket is a superstore which combines a supermarket and a department store. The result is a very large retail facility which carries an enormous range of products under one roof, including full lines of groceries and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine weekly shopping needs
- Supermarket A supermarket, also called a grocery store in some parts of North America, is a self-service store offering a wide variety of food and household merchandise, organized into departments. It is larger in size and has a wider selection than a traditional grocery store and it is smaller than a hypermarket or superstore
- Grocery store A grocery store is a store established primarily for the retailing of food. A grocer, the owner of a grocery store, stocks different kinds of foods from assorted places and cultures, and sells them to customers. Large grocery stores that stock products other than food, such as clothing or household items, are called supermarkets. Small grocery
- Warehouse club A warehouse club is a retail store, usually selling a wide variety of merchandise, in which customers pay annual membership fees in order to shop. The clubs are able to keep prices low due to the no-frills format of the stores. In addition, customers are required to buy large, wholesale quantities of the store's products, which makes these clubs
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