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 In all modern economies, the overwhelming majority of prices are quoted in units of some form of currency. Although in theory, prices could be quoted as quantities of other goods or services this sort of barter exchange is rarely seen lower than those asked by department stores and other traditional retail outlets. Most discount department stores offer a wide assortment of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances. Discount stores are not variety 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 single price-point or multiples thereof (£1, $2, etc.). Discount stores differ from variety stores in that they sell many name-brand products, and because of the wide price range of the items offered. Discount stores are more popular in the United States ^ b. English is the de facto language of American government and the sole language spoken at home by 80% of Americans age five and older. Spanish is the second most commonly spoken language than other countries. Following World War II Albania · Australia · Austria · Azerbaijan · Belarus · Belgium · Brazil · Bulgaria · Burma · Cambodia · Canada · Ceylon (Sri Lanka) · Channel Islands · China · Czechoslovakia · Denmark · Dutch East Indies · Egypt · Estonia · Finland · France · Germany · Gibraltar · Greece · Greenland · Hong Kong · Hungary · Iceland ·, a number of retail establishments in the U.S. began to pursue a high-volume, low-profit-margin 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, a form of grocery store, 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 U.S. 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, Ames, E. J. Korvette, Fisher's Big Wheel Fisher's Big Wheel was a discount department store chain based in New Castle, Pennsylvania, United States. The company operated stores under the Fisher's Big Wheel and Buy Smart names. At its peak, the chain comprised more than 100 stores in the Northeastern and Midwestern United States. The chain declared bankruptcy in 1993, selling some stores, Zayre Zayre was a chain of discount retail stores that operated in the Northeastern, Southern and Midwestern United States from 1956 to 1990. The company's headquarters was in Framingham, Massachusetts. The successful BJ's Wholesale Club and TJ Maxx chains are spinoffs from Zayre. In 1988, the Zayre department stores were sold to the parent company of, Howard Brothers Discount Stores, Kuhn's-Big K (sold to Wal-Mart Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 196 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 Woolco was an American-based discount retail chain. It was founded in 1962 in the city of Columbus, Ohio by the F.W. Woolworth Company. It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time. At its peak, Woolco had hundreds of stores in the US, as well as in Canada and the United Kingdom (closed in 1983, part sold to Wal-Mart) among others.
Currently Wal-Mart Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 196, the largest retailer in the world, operates more than 1,300 discount stores in the U.S. Target and Kmart Sears Holdings Corporation is the ninth largest retailer by annual revenue in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, Kroger, and Lowe's. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan. The are Wal-Mart's top competitors.
Wal-Mart Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 196, Kmart Sears Holdings Corporation is the ninth largest retailer by annual revenue in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, Kroger, and Lowe's. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan. The, and Target Target Corporation, usually known simply as Target, is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the company opened its first Target store in nearby Roseville. The Target store concept grew and eventually became the largest division of Dayton Hudson Corporation, all opened their first locations in 1962. Other retail companies branched out into the discount store business around that 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 Woolco was an American-based discount retail chain. It was founded in 1962 in the city of Columbus, Ohio by the F.W. Woolworth Company. It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time. At its peak, Woolco had hundreds of stores in the US, as well as in Canada and the United Kingdom chain; Montgomery Ward Montgomery Ward is an online retailer that carries the same name as the former American department store chain, founded as the world's #1 mail order business in 1872 by Aaron Montgomery Ward, and which went out of business in 2001. At its height, it was one of the largest retailers in the United States, but declining sales in the late 20th century opened Jefferson Ward; Chicago-based 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. J.C. Penney J. C. Penney Company, Inc. (NYSE: JCP) is a chain of American mid-range department stores based in Plano, Texas, a suburb north of Dallas. The company operates 1,106 department stores in all 50 U.S. states and Puerto Rico. With many stores in California, Illinois, Texas, Florida, New York, and Pennsylvania. JCPenney also operates catalog sales opened discount stores called Treasure Island or The Treasury, and Atlanta-based Rich's Rich's was a department store retail chain, headquartered in Atlanta, Georgia, that operated in the southern U.S. from 1867 until March 6, 2005 when the nameplate was eliminated and replaced by Macy's. Many of the former Rich's stores today form the core of Macy's Central, an Atlanta-based division of Macy's, Inc., which formerly operated as owned discount stores called Richway Richway was the discount department store division of Atlanta-based Rich's. It was originally part of Rich's, and was later bought by Federated Department Stores when they purchased the Rich's chain. It was originally known as Richway, a Rich's Company with a more bluish logo than the later orange and black theme under Federated ownership. The. During the late 1970s and the 1980s, these chains typically were either shut down or sold to a larger competitor. 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 simply as Target, is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the company opened its first Target store in nearby Roseville. The Target store concept grew and eventually became the largest division of Dayton Hudson Corporation, eventually divested itself of its department store holdings and renamed itself Target Corporation).
Many of the major discounters now operate "supercenters", which add a full-service grocery store to the traditional format. The Meijer Meijer is a regional American hypermarket chain based in Grand Rapids, Michigan. Founded in 1934 as a supermarket chain, Meijer is credited with pioneering the modern supercenter concept in 1962. About half of the company's 194 locations are located in Michigan, with additional locations in Illinois, Indiana, Ohio, and Kentucky. The chain was 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 Sears, officially named Sears, Roebuck and Co., is an American chain of Department stores which was founded by Richard Warren Sears and Alvah Curtis Roebuck in the late 19th century. Formerly a component of the Dow Jones Industrial Average, Sears merged with Kmart in early 2005, creating the Sears Holdings Corporation, which is a combination of the Kmart and Sears formats, following the companies' merger as Sears Holdings Corporation Sears Holdings Corporation is the ninth largest retailer by annual revenue in the United States, trailing behind Wal-Mart, The Home Depot, Costco, Target, CVS Caremark, Walgreens, Kroger, and Lowe's. It was formed in 2005 by the merger of Sears, Roebuck and Co. of Hoffman Estates, Illinois with Kmart Holdings Corporation of Troy, Michigan. The.
Wal-Mart as of 2004 now own 90% of the Asda chain of supermarkets in the UK.
As of 2008 the main rival to Asda(90% ownd by Wal-Mart)in the UK is Tesco that now own over 40 distcount stores in the US under other name.
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
- Variety store 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
- 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, a form of grocery store, 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 are required to buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargain hunters and small business owners. The clubs are able to keep prices low due to the no-frills format of the stores. In
Categories: Retailing | Discount stores
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Thu, 01 Jul 2010 19:37:57 GMT+00:00
Jacksonville Daily News At about 4 pm, Jacksonville Police Department officers responded to a call about a woman who was assaulted upon exiting Discount Tobacco at 331 Western ... JPD seeking suspect in K-Mart burglary ENC Today
