Discount stores

Loblaw sees more customers turning to discount stores amid 5% inflation

A spike in food inflation means more Loblaw customers are turning to the company’s discount brands like No Frills. (Rick Madonik/Toronto Star via Getty Images) Loblaw Companies Ltd. (L.TO) saw sales surge in the final quarter of the year as Omicron-related shutdowns drove Canadians to eat at home and rising inflation pushed prices up. Canada’s […]

Discount stores

Where are shares of Target Corporation (TGT) falling in the discount store space after falling -3.02% this week?

Target Corporation (TGT) is near the top of its industry group according to InvestorsObserver. TGT scores an overall rating of 72. This means it scores over 72% of the shares. Target Corporation earns an 85 rank in the discount store industry. Discount stores are number 62 out of 148 industries. TGT has an overall score […]

Discount stores

Convenience stores overtake major discount stores in 2021 sales l KBS WORLD

Photo: Yonhap News The combined sales of the country’s top three convenience store operators exceeded those of the three discount department stores. According to data from the Department of Commerce, Industry and Energy on Wednesday, the country’s top three convenience store operators – GS25, CU and 7-Eleven – accounted for 15.9% of total retail industry […]

Discount stores

Tesco PLC abandons Jack’s discount store experiment

The chain was launched under the previous management and on the positive side, it was not a disaster that the American company Fresh & Easy was Tesco PLC (LSE:TSCO) is to close Jack’s, the chain of stores it launched to take on the challenge of hard discounters Aldi and Lidl. Seven Jack’s stores will be […]

Discount stores

Tesco is closing or converting 13 Jack’s discount stores including one in Cambridgeshire

Tesco is set to close or convert 13 Jack’s discount stores, including one in Cambridgeshire, and cut 317 counters in its supermarkets where it has seen “weakest demand”. The change will affect a large number of employees, although the retailer has not confirmed the total number of employees who will be affected, reports Birmingham Live. […]

Discount stores

Tesco announces plans to close Jack’s discount stores – full list of locations

Tesco said it was making a few changes to ensure they ‘stay focused and competitive in a rapidly changing market’. This comes after Jack’s discount stores launched in 2018 and is now set to close. Some of the premises will be converted into Tesco Extra hypermarkets instead. The first Jack’s store opened four years ago […]

Discount stores

Where are the Jack’s discount stores that will close amid Tesco cuts?

The company said it would close counters in stores with the “lowest demand” amid changes in customer habits. It added that it will close seven of its 13 Jack’s discount stores, which will affect 130 jobs at the sites and its head office. Register to our Business newsletter Register to our Business newsletter The remaining […]