Discount, Variety & General Merchandisers - News

Discount retailer Target net income grows in Q1

17 May 2012 | By RBR Staff Writer

US-based discount retailer Target has posted net income of $697m in the first quarter (Q1) of 2012, compared with $689m in the same period last year.
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US retailer Tuesday Morning selects Benefitfocus HR InTouch

17 May 2012 | By RBR Staff Writer

US-based deep discount retailer Tuesday Morning has selected Benefitfocus HR InTouch to streamline its benefits management and employee communication.
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Discount retailer Family Dollar selects AccessVia Web dSignShop SaaS

16 May 2012 | By RBR Staff Writer

American discount retailer Family Dollar Store has selected AccessVia Web dSignShop Software-as-a-Service (SaaS) to print shelf-edge signs and labels in its retail outlets.
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Discount retailer Aldi plans Houston foray with 30 new outlets

15 May 2012 | By RBR Staff Writer

Discount retailer Aldi plans Houston foray with 30 new stores over the next three years. The store openings are expected to bring 400 new jobs.
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Discount retail chain Bic Camera to buy Japanese retailer Kojima

14 May 2012 | By RBR Staff Writer

Japan-based discount retail chain Bic Camera has decided to buy discount consumer electronics and home appliance retailer Kojima. The firm aims to become second-biggest electronics retailer in the nation.
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Discount retailer Essex to open two stores in Memphis, Tennessee

11 May 2012 | By RBR Staff Writer

Essex Technology Group is opening two of its Essex Bargain Hunt retail stores in Memphis, Tennessee. The discount retailer has signed two leases totaling 77,301ft².
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NZ retailer The Warehouse Group sales up in Q3

11 May 2012 | By RBR Staff Writer

New Zealand-based discount department store retailer The Warehouse Group has reported a 3.3% increase in sales to NZ$394.2m ($308.77m) in the fiscal third quarter (Q3), compared to NZ$381.5m ($298.82m) in the same quarter of previous fiscal year.
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Israeli retailer Shufersal profit declines in Q1

10 May 2012 | By RBR Staff Writer

Israel-based supermarket chain Shufersal has posted lower quarterly profit due to a decrease in prices following a wave of social protests and higher expenses.
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Brazilian supermarket chain to open 50-60 new retail outlets

09 May 2012 | By RBR Staff Writer

Brazilian supermarket chain Grupo Pão de Açúcar (GPA) plans to open 50-60 new home appliance stores.
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Turkish retailer BIM net sales up 29.3% in Q1

08 May 2012 | By RBR Staff Writer

Turkey-based discount retailer BIM has reported a 29.3% growth in net sales to TRY2.42bn ($1.37bn) in the first quarter (Q1) of 2012, compared to TRY1.87bn ($1.06bn) in the same period a year ago.
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Family Dollar, McLane forge strategic collaboration

07 May 2012 | By RBR Staff Writer

Family Dollar Stores has partnered with Berkshire Hathaway company McLane to offer customers a broader selection of merchandize across the retailer’s more than 7,200 locations in 45 states in the US from September 2012.
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French firm Sagard to acquire discount retailer Stokomani

04 May 2012 | By RBR Staff Writer

Investment firm Sagard has joined hands with French retailer Stokomani president and his management team to buy Stokomani from buyout firm Advent International.
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Pantaloon Retail to expand other fashion formats in India

03 May 2012 | By RBR Staff Writer

India-based Pantaloon Retail, after selling its Pantaloons format to Aditya Birla Group, now plans to expand its remaining fashion formats, such as the ‘Central’ mall concept, discount chain Brand Factory and private labels.
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British retailer Poundworld to unveil new store in Queensville

02 May 2012 | By RBR Staff Writer

British discount retail giant Poundworld is all set to unveil a new 6,500ft² store in Queensville on 3 May 2012.
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Portuguese retailer Jeronimo Martins profit up 21% in Q1

27 April 2012 | By RBR Staff Writer

Jeronimo Martins, a Portugal-based firm principally engaged in the food retail sector, has reported a 21% gain in first quarter (Q1) net profit on strong sales growth at its Polish discount chain Biedronka.
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