Given the market's current preference
for discount retailers and luxury stores, it's good to hear about a mid-market department store chain expanding.
The question
for discount retailers is a serious one, but hints at a transition process that could be less dramatic.
This produces a flatter, «offset» price graph
for discount retailers through the business cycle; they don't lose as early or as much as everyone else in a major downturn, and they turn it around sooner while everyone else may still be on the way down, but as everything gets better for everyone on the upswing it's less great for the discount guys, as they start losing customers and their dollars to competitors with better stuff, even as the ones they keep spend more.
In fact, Canada could offer even better prospects for growth than the States as the market
for discount retailers is relatively less saturated over the border.
For a discount retailer like Wal - Mart with slim margins, theft can be a serious drain on profitability.
Its latter - day equivalent, the Focus, is today just another player in a segment so competitive that there is very little room to move, except maybe
for discounted retail pricing.
Not exact matches
The
discount retailer includes the Ross Dress
for Less and dd's
DISCOUNTS brands, which are located throughout most of the United States with the exception of New England.
The switch to new chips in credit and debit cards poses a threat
for small companies because they can't get the volume
discounts on the new equipment that big
retailers get.
And plenty of
retailers offer
discounts in concert with credit companies — like car rental agencies that give a
discount for using a particular type of Visa.
To build genuine loyalty — a customer base with intrinsic preference
for your brand —
retailers need to break with old - school tactics, realizing instead that earning consumer trust, preference and loyalty is a strategic initiative that goes far beyond points, coupons,
discounts and mass - blasted emails.
Our competition watchdog is going after
retailers for discounting too much.
The giant
retailer didn't discuss its ebook pricing strategy but is known
for discounting.
But
for small music - store chains, there's bad news, too: national chains are buying up or displacing smaller players, and music stores are losing market share to record clubs and other
retailers, such as warehouse clubs and
discount chains.
For shoppers, it's all about pushing through massive crowds inside
retail stores, digging through the online clutter and snagging the deepest
discounts and deals.
For a
retailer with scant
discounting and zero debt, Nasty Gal has racked up some seriously drool - worthy numbers: international sales of $ 128 million in 2012, four times higher than the year before; 535,000 Facebook fans; 420,000 Instagram subscribers; 68,000 Twitter followers; and more than 2 million monthly unique visitors to the website in September 2012.
The company was acquired in August by South Africa's Steinhoff International, a holding company and
discount retailer,
for $ 3.8 billion.
The
discount retailer, locked in a fierce battle with Amazon.com (amzn) to shorten the time it takes to get customers» packages to their homes, last week acquired Parcel
for an undisclosed amount «smaller than previous acquisitions» Walmart has made this year (which include Bonobos, Moosejaw, and Modcloth), the company said in a blog.
For one thing, the
discount retailer does not have the same clout with drugmakers as CVS (which also operates pharmacy benefits manager giant Caremark), impeding its ability to get the best prices and make a profit.
Jet allows partner
retailers to only accept orders that will be profitable
for them, and it will soon let them offer
discounts to shoppers in exchange
for permission to send them marketing emails.
The
discount retailer on Wednesday lowered its profit forecast
for the year after reporting comparable sales fell 1.3 % in November and December, as big gains in its online business were dwarfed by stiff price competition and growing difficulty in getting shoppers into stores.
It will be a welcome update after the
discount retailer's bid
for Family Dollar was turned down in favor of rival Dollar Tree (DLTR).
Analysts say the transition at Donki is a litmus test
for other
retailers in Japan with similarly charismatic founders such as Fast
Retailing, the operator of the Uniqlo casual clothing chain, and Nitori, a
discount furniture
retailer.
Google and Amazon frequently offer
discounts for their respective Home Mini and Echo Dot devices — typically around $ 20 off — and during the holiday period,
retailer Walmart offered a $ 25 voucher
for the Google Home Mini, which means that consumers could essentially buy the device
for $ 4.
Factor in competition from major department stores elbowing into the
discount retail space and a drop in consumer shopping and you've got a recipe
for a big steaming pot of financial ruin.
If you want your own SmartMat you can pre-order one now on IndieGoGo
for $ 297, a $ 150
discount off its planned
retail price of $ 447.
In an example of the
discounts offered online, a diamond - studded Audemars Piguet Royal Oak «with moderate scratches» sells
for $ 9,450 on The RealReal, about a third of the «estimated
retail price».
Great
discounts are given
for restaurants,
retail stores, spas, theaters and much more.
Already cognizant of millennials» penchant
for finding online
discounts, smart
retailers recognize that millennials also conduct tons of online research before buying.
The ability to command higher prices is a hard fought win
for Coach, which only a few years ago fell into the same
retail discount trap that has plagued countless brands and stores.
Toys «R» Us Inc, the largest U.S. toy store chain, filed
for bankruptcy protection on Monday, the latest sign of turmoil in the
retail industry caught in a vice-like grip of online shopping and
discount chains.
Competing on price is a major uphill battle
for SMBs on Black Friday and Cyber Monday, as mega-
retailers offer shoppers deep
discounts that smaller
retailers simply can't afford in order to remain profitable.
A
discount retailer will trim profit margins to the bone to squeeze those famed low prices out of products — but there are some advantages
for vendors willing to go lean.
Last year was one of the most aggressive
for the
discount chain, with planned spending of $ 750 million
for the opening of 73 new Canadian stores — including 39 locations owned by former Canadian
retailer Zellers.
Silverine has tied up with banks and
retailers in Jaipur
for introducing spa offers
for their chosen customers at a
discount.
Clothes
for kids and seniors and everyone of every shape in between — just like any other
discount retailer, really.
Others look
for deals at
discount retailers and sell at a profit.
One potential danger sign: Last Thanksgiving, Sony offered a $ 100
discount on the PS4
for a price tag of $ 199, but the Switch still beat its rival console among online
retailers while selling at full price ($ 299), according to data from Adobe's Digital Insights.
Although the
retailers have been negotiating with bond holders, who have accepted significant
discounts and offered longer terms, the basic financials are enough
for Moody's to rate 13.5 percent of the
retailers it follows as a Ca or Caa credit risk.
If you're in the market
for a bunch of new appliances or other big - ticket items, it's common
for consumers to walk into a
retailer and be offered a
discount and a good financing deal on a large purchase, if they open a charge or credit card account with that
retailer.
For retailers who ship, offering a
discount to pick up in store not only creates perceived value but also saves shipping and handling cost and drives traffic to the store.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues
for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement
for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of
discount required on Gilead's products; an increase in
discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly
discounted payer segments and geographic regions and decreases in treatment duration; availability of funding
for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and
retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications
for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all,
for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
The conundrum
for retailers is that they can hardly stand idly by when the competition is trotting out bigger
discounts than ever, earlier than ever, worsening a race to the bottom that has bedeviled
retailers for years, and clearly continues to.
He says that
discount retailers like Zara, Trader Joe's and Aldi use a similar concept, citing another acronym: WIGIG
for «when it's gone it's gone.»
To be sure, lipstick was not mentioned once on the company fourth - quarter earnings call — neither was makeup, eye shadow, eyeliner or mascara,
for that matter — though the phrase «off - price» was cited quite frequently, and prompted Macy's to pilot its own
discount retail concept.
The closures represent just the latest setback
for RadioShack, which is fighting to update its image and compete with the rise of online and
discount retailers.
Combine this advantage with prices that are competitive with online
retailers, and customer service that's superior to
discount chains such as Wal - Mart, and you have the recipe
for Best Buy's long - term success.
These rewards can be redeemed
for gift cards at major
retailers — such as Amazon, Target, or Kmart — as well as
discounts on goods, services and travel.
The holidays are the most important time of the year
for retailers as well as some shoppers: about a third of some stores» profits are made in the last two months of the year, and
discounts can make or break those results.
Another recent lease, as TRD reported, was inked by Gindi Capital, the real estate portfolio manager
for the Gindi family, which owns
discount clothing
retailer Century 21.
Fred's, Inc. (NASDAQ: FRED), a relatively small
discount retailer and full service pharmacy chain, attracted investor attention on December 20 when it agreed to buy hundreds of stores and certain assets from Walgreens Boots Alliance Inc (NASDAQ: WBA) and Rite Aid Corporation (NYSE: RAD)
for $...