discount retailers

Family Dollar Reports Miserly Q1 Earnings

Family Dollar says quarterly earnings rose by less than three percent, falling shy of Wall Street expectations. And the discount store doesn't see things getting much better.

J.C. Penney New Shops Shine, Rest of Store Sales Tough

J.C. Penney's new shops within stores are doing much better than other parts of its department stores, but it is "way too early to draw conclusions" as the retailer is still rolling out the strategy, Chief Executive Ron Johnson said.

Wal-Mart Is Losing to These Specialty Stores

One of Wal-Mart's problems is the rise of dollar stores, which the Great Recession has rendered trendy: It's hard to resist merchandise priced at just a buck. For investors, not all rock-bottom retailers are created equal. Here's how to shop for these stocks (and stretch your investing dollars in the process).

Walmart Stock Has Room to Rise Via Emerging Markets

Walmart's numbers have been stagnating in the U.S. lately, but overseas in emerging markets, the world's biggest retailer has been coming on strong. Its stock has been hovering in the low $50s -- and you won't believe where Trefis puts its estimate for the real value of the low-price giant.

Could This Be the Cure for Walmart's Dollar Store Blues?

Since the Great Recession began, Walmart has been facing heavy competition from dollar stores. In response, it recently opened the first of many Walmart Express stores. Trefis explores what effect these new smaller stores will have on the future value of the the world's largest retailer.

Why Teeny Bikinis Have Such Big Price Tags

Summer is here, which means for many of us, it's time for a new swimsuit. But as they hunt for a suit that truly suits, many women have to wonder: How is it that two-pieces can be so expensive when they're so tiny? DailyFinance columnist Loren Berlin dove into the clothing biz and came up with the answers.

A Valentine's Day Surprise for February Retail Sales

Retailers got an unexpected showing of love from shoppers: Strong February sales. But whether consumers repeat the feat in spring could depend on gasoline prices and how good shoppers feel about their finances. March, in particular, could be tough.

Target to Open Its First Canadian Stores in 2013

Target will open its first stores in Canada in 2013, the second-largest discount retailer in the U.S. announced in a statement Thursday. The company agreed to pay $1.84 billion to acquire the leasehold interests for as many as 220 sites operated by Hudson's Bay Co.'s Zellers stores.

Bargain Hunters Marked Down December's Retail Sales

Many shoppers who took advantage of the early holiday sales in November held back and forced retailers to cut prices as Christmas neared. Despite increases in luxury spending, the results show that mainstream consumers remain bargain shoppers.

Dollar General to Hire 6,000 for 2011 Expansion

Dollar General announced Monday morning that its 2011 expansion plan to open 625 new stores will allow it to hire 6,000 workers this year. The discount retailer plans to add stores in markets across its existing 35-state operating area, as well as in three new states: Connecticut, Nevada and New Hampshire.

TJX to Cut 4,400 Jobs, Eliminate A.J. Wright Brand

The TJX Companies announced Friday that it was shutting down its A.J. Wright brand, converting 91 of its 162 stores to those of its other brands -- T.J. Maxx, Marshalls or HomeGoods -- and closing the rest. The move will eliminate 4,400 jobs, about half of them part-time positions.

How Dollar Stores Are Eating Walmart's Lunch

Thrifty shoppers looking for low prices on basics are frequently passing up the big boxes of Walmart for the tighter aisles of their local dollar stores, which have replaced no-name products with nationally known brands and revamped their interiors to lure in a new crop of customers.

TJX Companies Reports Third Quarter EPS of 92 Cents

The TJX Companies (TJX) reported earnings of 92 cents per share for the quarter ended Oct. 30, up from 81 cents per share a year earlier. Net sales rose 5% to $5.5. billion, the discount retailer said in a statement. Sales at stores open at least one year rose 1%.

Face-Off on Stocks: Costco, BJ's, Wal-Mart

Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is this the time to buy stock in wholesale clubs?

Getting Smarter, Retailers Beat Expectations

Despite heat waves, penny-pinching parents and a weak job market, stores posted generally solid sales in August. They benefited from a sharper focus on inventory control, giving locals stores more say in merchandising and by using well-timed promotions.

Dollar Tree Reports Second Quarter Earnings of 61 Cents Per Share

Retailer Dollar Tree Inc. (DLTR) reported second quarter earnings of 61 cents per diluted share, up from 42 cents per share in the second quarter of 2009. Consolidated net sales were $1.38 billion, a 12.7% increase from the year-ago quarter, the company said in a statement. Comparable store sales rose 6.7%.

Nelson Peltz's Trian Group Buys 6.6% of Family Dollar

Billionaire investor Nelson Peltz's Trian Group has taken an approximately 6.6% stake in Family Dollar, saying the stock is currently undervalued in the market, according to a Wednesday SEC filing. Shares of the discount retailer jumped 6.9% in early trading.

Family Dollar Stores Quarterly Profit Jumps 19%

Discount retailer Family Dollar Stores, Inc. (FDO) said profit in the third quarter of fiscal 2010 rose 19% from a year earlier. Net income was $104.4 million, or 77 cents per diluted share, for the quarter. Sales for the quarter gained 8.4% to $1.997 billion, with comparable store sales rising 7%, the company said in a statement. The value of the average transaction at the company%u2019s stores was flat.

An Overlooked Bargain: 99 Cents Only Stores

The deep-discount chain is one of the most ignored stocks in retailing. Investors who pay no attention, however, are missing a company in the midst of a strong turnaround -- and with solid prospects for coming years.