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Discount store

April 12, 2024

A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.[1]

Types (United States) edit

Discount stores in the United States may be classified into different types:

Hypermarkets (superstores) edit

Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America.[2] In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such.[3] The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress for Less, Marshalls, TJ Maxx, and Burlington.

Category killers edit

So-called category killer stores, specialize in one type of merchandise and sell it in big-box stores. Examples include:

Warehouse clubs edit

When membership is required, discount superstores are known as warehouse clubs, and often require purchases of larger sizes or quantities of goods than a regular superstore. The main national chains, both of which have operations outside the U.S., are Costco and Sam's Club.

Discount grocery store edit

Major discount grocery store retail chains in the U.S. include Aldi, Lidl, Save-A-Lot and Grocery Outlet.[4] Currently Aldi and Lidl are the largest discount retailers in the world operating more than 25,000 discount stores worldwide between them.[5]

Variety stores, dollar stores, five and dimes edit

Variety stores in the U.S. today, are most commonly known as dollar stores such as Dollar General, Family Dollar and Dollar Tree, which sell goods usually only at a single price-point or multiples thereof (£1, $2, etc.). During the early and mid-twentieth century they were commonly known as "five and dimes" or "dime stores". Stores of the main chains, Woolworth's, J. J. Newberry and S. S. Kresge, lined the shopping streets of U.S. downtowns and suburbs, and starting in the 1950s they also opened branches in shopping malls. These chains originally sold items for 5, 10 or 25 cents, but many later moved to a model with flexible price points, with a variety of general merchandise at discounted prices, in formats smaller than today's discount superstores.

History edit

United States edit

During the period from the 1950s to the late 1980s, discount stores were more popular than the average supermarket or department store in the United States. [citation needed] 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, Ames, Two Guys, Gibson's Discount Center, E. J. Korvette, Mammoth Mart, Fisher's Big Wheel, Zayre, Bradlees, Caldor, Jamesway, Howard Brothers Discount Stores, Kuhn's-Big K (sold to Walmart in 1981), TG&Y[citation needed] and Woolco (closed in 1983, part sold to Wal-Mart) among others.[6]

Walmart, Kmart, and Target all opened their first locations in 1962. Kmart was a venture of S. S. Kresge Company that was a major operator of dime stores. Other retail companies branched out into the discount store business around that time as adjuncts to their older store concepts. As examples, Woolworth opened a Woolco chain (also in 1962); Montgomery Ward opened Jefferson Ward; Chicago-based Jewel-Osco launched Turn Style; and Central Indiana-based L. S. Ayres created Ayr-Way. J. C. Penney opened discount stores called Treasure Island or The Treasury; Sheboygan, Wisconsin based H. C. Prange Co. opened a chain of discount stores called Prange Way, and Atlanta-based Rich's owned discount stores called Richway.

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 store disappeared, while the Dayton-Hudson Corporation eventually divested itself of its department store holdings and renamed itself Target Corporation). [citation needed]

In the United States, discount stores had 42% of the overall retail market share in 1987; in 2010, they had 87%.[7]

Many of the major discounters now operate "supercenters", which adds a full-service grocery store to the traditional format. The Meijer chain in the Midwest consists entirely of supercenters, while Wal-Mart and Target have focused on the format as of the 1990s 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, which is a combination of the Kmart and Sears formats, after the companies' merger as Sears Holdings Corporation.

Canada edit

Woolworths entered Canada in the 1920s, the stores were converted to the Foot Locker, Champs Sports and other stores in 1994. Kresge's, a competitor to Woolworth's entered the Canadian market in 1929.

Zellers was founded in 1931, and was acquired by the Hudson's Bay Company in 1978. Giant Tiger opened its first store in Ottawa in 1961, modeled on Woolworths. Winners was founded in 1982 in Toronto, and sells off-price brand clothing. Costco entered Canada in 1986. In 1990, the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts. Dollarama was founded in Quebec in 1992. In 1998, Zellers bought out Kmart Canada, taking over its stores.

In 2011, Marshalls, owned by the American TJX Companies, entered Canada, and Zellers sold most of its stores to Target. Target Canada filed for bankruptcy in 2015, selling its stores to Walmart, Lowe's and Canadian Tire.

In 2016, the Hudson's Bay Company started opening Saks Off 5th locations to sell off-price brands. American off-price chain Nordstrom Rack opened its first Canadian location in Vaughan Mills in 2018.

Transnationals edit

By country edit

Outside the United States and Canada, the main discount store chains listed by country are as follows:

Australia edit

Argentina edit

Austria edit

Angola edit

  • Usave

Belgium edit

Botswana edit

  • Usave

Bosnia and Herzegovina edit

Brazil edit

Bulgaria edit

Chile edit

  • Justo y Bueno

China edit

Colombia edit

Costa Rica edit

  • Pali
  • Pequeno Mundo

Croatia edit

Cyprus edit

Czech edit

Denmark edit

Greece edit

Guatemala edit

  • Super del Barrio
  • Despensa Familiar
  • Dollar City

Egypt edit

  • BIM

El Salvador edit

  • Despensa Familiar
  • Dollar City

Estonia edit

Eswatini edit

  • Usave
  • Boxer superstores

Finland edit

 
Tokmanni in Tampere, Finland

Germany edit

Major chains of discount supermarkets in Germany are Aldi, Lidl, Netto Marken-Discount, Netto (store), Norma and Penny.

Honduras edit

  • Despensa Familiar

Latvia edit

Hungary edit

Ireland edit

Lithuania edit

Luxembourg edit

Italy edit

Italy has numerous discount supermarkets, including Lidl and Eurospin [it], the chains with the largest number of stores,[citation needed] and Aldi, Discount Dial [it], DPIU' [it], MD Discount, Penny, Todis [it] and Tuodì [it].

Japan edit

Japan has numerous discount stores, including Costco, Daiso, Don Quijote (store) and The Price (owned by Ito Yokado).

Malaysia edit

  • Eco-shop
  • Mr Dollar

Malta edit

Malawi edit

  • Usave

Mexico edit

Lesotho edit

  • Usave

Morocco edit

  • BIM

Mozambique edit

  • Usave

Namibia edit

  • Usave

The Netherlands edit

Action, Euroland, Solow, Big Bazar and Zeeman. In addition, the German discount supermarkets Lidl and Aldi both operate in the country.

New Zealand edit

  • PAKnSAVE

North Macedonia edit

  • KAM Market

Norway edit

Nicaragua edit

  • Despensa Familiar

Peru edit

  • Tiendas Mass

Poland edit

 
ALDI in Tomaszów Mazowiecki, Poland

Discount supermarkets cover about 30% of food sales in Poland. Main chains include Biedronka, Lidl, Netto, and Aldi.

Portugal edit

Netto converted into Intermarché edit

Panama edit

  • Justo Y Bueno

Romania edit

Russia edit

Former edit

Serbia edit

Slovakia edit

Slovenia edit

South Africa edit

  • Savers Lane
  • Usave
  • Boxer Superstores
  • Deals Superstores

Spain edit

Sweden edit

Switzerland edit

Turkey edit

Ukraine edit

  • ATB

United Kingdom edit

Further information: List of discount shops in the United Kingdom

Venezuela edit

  • Tiendas Ovejita
  • Tiendas Daka

See also edit

References edit

  1. ^ Charles Lamb (1 Jan 2011). Essentials of Marketing. Cengage Learning. p. 465. ISBN 978-1133171904.
  2. ^ "Walmart, Target, Kmart, Kohl's Lead 50 Years of Retail Revolution". adage.com. March 19, 2012.
  3. ^ "Kmart History | Kmart | About Us | Transformco". transformco.com.
  4. ^ "What is Lidl? Why this discount grocery store is giving Aldi a run for its money". TODAY.com.
  5. ^ . Archived from the original on 2014-09-03. Retrieved 2014-08-27.
  6. ^ Arkansas, Encyclopedia of. "Wal-Mart Stores, Inc.". Encyclopedia of Arkansas. The Central Arkansas Library System. Retrieved 8 February 2013.
  7. '^ "America's top stores." Consumer Reports, June 2010, p. 17.
  8. ^ "Bim A.Ş. > Welcome..." english.bim.com.tr. Retrieved 2017-08-21.

Further reading edit

  • Nelson, Walter Henry, The Great Discount Delusion, New York: D. McKay, 1965.

April 12, 2024
discount, store, examples, perspective, this, article, deal, primarily, with, united, states, represent, worldwide, view, subject, improve, this, article, discuss, issue, talk, page, create, article, appropriate, april, 2021, learn, when, remove, this, templat. The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate April 2021 Learn how and when to remove this template message A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed full retail price Discounters rely on bulk purchasing and efficient distribution to keep down costs 1 Contents 1 Types United States 1 1 Hypermarkets superstores 1 2 Category killers 1 3 Warehouse clubs 1 4 Discount grocery store 1 5 Variety stores dollar stores five and dimes 2 History 2 1 United States 2 2 Canada 3 Transnationals 4 By country 4 1 Australia 4 2 Argentina 4 3 Austria 4 4 Angola 4 5 Belgium 4 6 Botswana 4 7 Bosnia and Herzegovina 4 8 Brazil 4 9 Bulgaria 4 10 Chile 4 11 China 4 12 Colombia 4 13 Costa Rica 4 14 Croatia 4 15 Cyprus 4 16 Czech 4 17 Denmark 4 18 Greece 4 19 Guatemala 4 20 Egypt 4 21 El Salvador 4 22 Estonia 4 23 Eswatini 4 24 Finland 4 25 Germany 4 26 Honduras 4 27 Latvia 4 28 Hungary 4 29 Ireland 4 30 Lithuania 4 31 Luxembourg 4 32 Italy 4 33 Japan 4 34 Malaysia 4 35 Malta 4 36 Malawi 4 37 Mexico 4 38 Lesotho 4 39 Morocco 4 40 Mozambique 4 41 Namibia 4 42 The Netherlands 4 43 New Zealand 4 44 North Macedonia 4 45 Norway 4 46 Nicaragua 4 47 Peru 4 48 Poland 4 49 Portugal 4 49 1 Netto converted into Intermarche 4 50 Panama 4 51 Romania 4 52 Russia 4 52 1 Former 4 53 Serbia 4 54 Slovakia 4 55 Slovenia 4 56 South Africa 4 57 Spain 4 58 Sweden 4 59 Switzerland 4 60 Turkey 4 61 Ukraine 4 62 United Kingdom 4 63 Venezuela 5 See also 6 References 7 Further readingTypes United States editDiscount stores in the United States may be classified into different types Hypermarkets superstores edit Discount superstores such as Walmart or Target sell general merchandise in a big box store many have a full grocery selection and are thus hypermarkets though that term is not generally used in North America 2 In the 1960s and 1970s the term discount department store was used and chains such as Kmart Zodys and TG amp Y billed themselves as such 3 The term discount department store or off price department store is sometimes applied to big box discount retailers of apparel and home goods such as Ross Dress for Less Marshalls TJ Maxx and Burlington Category killers edit So called category killer stores specialize in one type of merchandise and sell it in big box stores Examples include Apparel Ross Dress for Less Marshalls Burlington etc Pet supplies Petco PetSmart Home furnishings and accessories Big Lots HomeGoods Office supplies Staples Office Depot OfficeMaxWarehouse clubs edit When membership is required discount superstores are known as warehouse clubs and often require purchases of larger sizes or quantities of goods than a regular superstore The main national chains both of which have operations outside the U S are Costco and Sam s Club Discount grocery store edit Major discount grocery store retail chains in the U S include Aldi Lidl Save A Lot and Grocery Outlet 4 Currently Aldi and Lidl are the largest discount retailers in the world operating more than 25 000 discount stores worldwide between them 5 Variety stores dollar stores five and dimes edit Variety stores in the U S today are most commonly known as dollar stores such as Dollar General Family Dollar and Dollar Tree which sell goods usually only at a single price point or multiples thereof 1 2 etc During the early and mid twentieth century they were commonly known as five and dimes or dime stores Stores of the main chains Woolworth s J J Newberry and S S Kresge lined the shopping streets of U S downtowns and suburbs and starting in the 1950s they also opened branches in shopping malls These chains originally sold items for 5 10 or 25 cents but many later moved to a model with flexible price points with a variety of general merchandise at discounted prices in formats smaller than today s discount superstores History editUnited States edit During the period from the 1950s to the late 1980s discount stores were more popular than the average supermarket or department store in the United States citation needed 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 Ames Two Guys Gibson s Discount Center E J Korvette Mammoth Mart Fisher s Big Wheel Zayre Bradlees Caldor Jamesway Howard Brothers Discount Stores Kuhn s Big K sold to Walmart in 1981 TG amp Y citation needed and Woolco closed in 1983 part sold to Wal Mart among others 6 Walmart Kmart and Target all opened their first locations in 1962 Kmart was a venture of S S Kresge Company that was a major operator of dime stores Other retail companies branched out into the discount store business around that time as adjuncts to their older store concepts As examples Woolworth opened a Woolco chain also in 1962 Montgomery Ward opened Jefferson Ward Chicago based Jewel Osco launched Turn Style and Central Indiana based L S Ayres created Ayr Way J C Penney opened discount stores called Treasure Island or The Treasury Sheboygan Wisconsin based H C Prange Co opened a chain of discount stores called Prange Way and Atlanta based Rich s owned discount stores called Richway 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 store disappeared while the Dayton Hudson Corporation eventually divested itself of its department store holdings and renamed itself Target Corporation citation needed In the United States discount stores had 42 of the overall retail market share in 1987 in 2010 they had 87 7 Many of the major discounters now operate supercenters which adds a full service grocery store to the traditional format The Meijer chain in the Midwest consists entirely of supercenters while Wal Mart and Target have focused on the format as of the 1990s 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 which is a combination of the Kmart and Sears formats after the companies merger as Sears Holdings Corporation Canada edit Woolworths entered Canada in the 1920s the stores were converted to the Foot Locker Champs Sports and other stores in 1994 Kresge s a competitor to Woolworth s entered the Canadian market in 1929 Zellers was founded in 1931 and was acquired by the Hudson s Bay Company in 1978 Giant Tiger opened its first store in Ottawa in 1961 modeled on Woolworths Winners was founded in 1982 in Toronto and sells off price brand clothing Costco entered Canada in 1986 In 1990 the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts Dollarama was founded in Quebec in 1992 In 1998 Zellers bought out Kmart Canada taking over its stores In 2011 Marshalls owned by the American TJX Companies entered Canada and Zellers sold most of its stores to Target Target Canada filed for bankruptcy in 2015 selling its stores to Walmart Lowe s and Canadian Tire In 2016 the Hudson s Bay Company started opening Saks Off 5th locations to sell off price brands American off price chain Nordstrom Rack opened its first Canadian location in Vaughan Mills in 2018 Transnationals editAldi BIM Costco Daiso Dia supermarket chain Lidl Netto store Penny TJX Companies Usave WalmartBy country editOutside the United States and Canada the main discount store chains listed by country are as follows Australia edit Aldi Big W owned by Woolworths Group Kmart Target owned by Wesfarmers Harris Scarfe owned by Spotlight Group The Reject Shop Cheap as Chips Dollars and Sense Shiploads Red Dot Argentina edit DiaAustria edit Lidl Aldi PennyAngola edit UsaveBelgium edit Aldi LidlBotswana edit UsaveBosnia and Herzegovina edit LidlBrazil edit Dia supermarket chain Bulgaria edit Lidl Kam MarketChile edit Justo y BuenoChina edit AldiColombia edit D1 es ARA Jeronimo Martins Dollarcity Isimo formerly Justo Y BuenoCosta Rica edit Pali Pequeno MundoCroatia edit Eurospin LidlCyprus edit LidlCzech edit LidlDenmark edit Aldi Lidl REMA 1000Greece edit LidlGuatemala edit Super del Barrio Despensa Familiar Dollar CityEgypt edit BIMEl Salvador edit Despensa Familiar Dollar CityEstonia edit LidlEswatini edit Usave Boxer superstoresFinland edit nbsp Tokmanni in Tampere FinlandLidl HalpaHalli Karkkainen Puuilo TokmanniGermany edit Major chains of discount supermarkets in Germany are Aldi Lidl Netto Marken Discount Netto store Norma and Penny Honduras edit Despensa FamiliarLatvia edit LidlHungary edit Aldi LidlIreland edit Aldi LidlLithuania edit LidlLuxembourg edit Aldi LidlItaly edit Italy has numerous discount supermarkets including Lidl and Eurospin it the chains with the largest number of stores citation needed and Aldi Discount Dial it DPIU it MD Discount Penny Todis it and Tuodi it Japan edit Japan has numerous discount stores including Costco Daiso Don Quijote store and The Price owned by Ito Yokado Malaysia edit Eco shop Mr DollarMalta edit LidlMalawi edit UsaveMexico edit Tiendas Neto Tiendas 3B Superissste Waldo s Bodega AurreraLesotho edit UsaveMorocco edit BIMMozambique edit UsaveNamibia edit UsaveThe Netherlands edit Action Euroland Solow Big Bazar and Zeeman In addition the German discount supermarkets Lidl and Aldi both operate in the country New Zealand edit PAKnSAVENorth Macedonia edit KAM MarketNorway edit REMA 1000Nicaragua edit Despensa FamiliarPeru edit Tiendas MassPoland edit nbsp ALDI in Tomaszow Mazowiecki PolandDiscount supermarkets cover about 30 of food sales in Poland Main chains include Biedronka Lidl Netto and Aldi Portugal edit Aldi Lidl Minipreco Dia supermarket chain Plus sold to Jeronimo MartinsNetto converted into Intermarche edit Panama edit Justo Y BuenoRomania edit lidl PennyRussia edit 365 Chizhik Dobrocen Dixy Fix Price Moya Tsena Nizkotsen Pervy Vybor PobedaSvetofor Mayak larger stores Former edit Atac Holdi KopeykaSerbia edit Lidl SvetoforSlovakia edit LidlSlovenia edit Aldi Eurospin LidlSouth Africa edit Savers Lane Usave Boxer Superstores Deals SuperstoresSpain edit Dia supermarket chain Aldi Lidl MereSweden edit Biltema DollarStore owned by Tokmanni Lidl Rusta sv OoBSwitzerland edit Aldi LidlTurkey edit BIM 8 File company A101 company Sok Market owned by Yildiz Holding HakmarUkraine edit ATBUnited Kingdom edit Further information List of discount shops in the United Kingdom Aldi B amp M Farmfoods Home Bargains Lidl Poundland PoundstretcherVenezuela edit Tiendas Ovejita Tiendas DakaSee also editCharity shop Dollar store five and dime variety store Everyday low price Flea market Garage sale Hypermarket Jumble sale No frills Types of retail outlets Warehouse clubReferences edit Charles Lamb 1 Jan 2011 Essentials of Marketing Cengage Learning p 465 ISBN 978 1133171904 Walmart Target Kmart Kohl s Lead 50 Years of Retail Revolution adage com March 19 2012 Kmart History Kmart About Us Transformco transformco com What is Lidl Why this discount grocery store is giving Aldi a run for its money TODAY com Aldi Handelsdaten Archived from the original on 2014 09 03 Retrieved 2014 08 27 Arkansas Encyclopedia of Wal Mart Stores Inc Encyclopedia of Arkansas The Central Arkansas Library System Retrieved 8 February 2013 America s top stores Consumer Reports June 2010 p 17 Bim A S gt Welcome english bim com tr Retrieved 2017 08 21 Further reading editNelson Walter Henry The Great Discount Delusion New York D McKay 1965 Retrieved from https en wikipedia org w index php title Discount store amp oldid 1217036715, wikipedia, wiki, book, books, library,

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