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The increase in discount stores represents a marked change in the psychology of shoppers," she said.
Competition among retailers in the discount store business is expected to heat up, as rival companies have been making a similar move at a time when consumers are becoming increasingly thrifty in the face of price hikes and little growth in wages in the ongoing economic downturn, analysts said.
Plans to shop at department stores, discount stores, and mail-order catalogues are similar to what Gallup measured at the beginning of this decade.
Indeed, Wal-Mart will open 50 new discount stores, but its total discount store count will actually go down next year because of the 180 new Supercenters they will open: 100 to 115 of them will be converted and expanded Wal-Mart discount stores.
Schoewe said that by fiscal 2005, Wal-Mart's Supercenters will outnumber its discount stores.
Littlewoods discount stores pride themselves on an excellent staff training programme, competitive rates of pay and a commitment to providing jobs for local people.
For Kmart, its discount stores evolved from its experiences with the variety store format.
With it becoming clearer that the growing number of discount stores popping up across the country would threaten their business, Sam Walton felt the best strategic move would be to get into the discounting game.
NEW YORK -- While the overall sales growth rate for discount stores slowed a bit in 2011 from the four-year high it hit in 2010, that was offset by an improvement in same-store sales growth.
Porter's Furniture Building, owned by 222 Main Street LLC, was sold to Natan Stempler, who plans on opening a National Discount Stores franchise.
The new stores included new Citymarket supermarkets in Liepaja and Ventspils, and new SuperNetto discount stores in Riga and Liepaja, Kesko said.