Liquidation products can be more challenging to merchandise than brand-new, factory packaged goods, but they can also be highly profitable. Great merchandising of liquidation products can make the difference between a successful discount store and one that struggles to turn a profit.
Dollar stores have always attracted a price conscious customer, but now a growing trend seems to be emerging. Many retailers in this segment are adding higher price points of $1 to $3, and as high as $5 for multiple sales.
Retailers need to look for ways to increase sales and margins, and one good option is opening price-point merchandise. Opening price-point merchandise in a general merchandise/variety store fills a void between in-line programs and promotional merchandise, without jeopardizing sales.
The annual ranking of U.S. retailers by domestic sales was featured in the July issue of NRF STORES magazine.
Regent Products Corp., typically known for direct imports, domestic general merchandise and dollar store items, has seen increasing interest in its name brand closeouts over the past year. Carrying products that range from automotive to baby and everything in between, sales manager, Ken Soens, says pets and plastics have been among some of the best […]
A 2011 survey, conducted by America’s Research Group, reveals that Americans plan to stretch their dollars by shopping at discount chains, rather than at pricier department stores and specialty chains, with 753 out of 1,000 survey participants picking discounters as potential shopping destinations. Britt Beemer, president of America’s Research Group, notes that even low price […]
Dollar stores have been posting some of the highest growth rates across retailing in recent years.
For those independent retailers that have gained new business from Walmart’s recent economic struggle, 350 Walmart express stores pose a threat.
Wary of going back into debt, shoppers are seeking out small, independent retailers where they perceive they’ll get more for their money.
Report says consumers have been watching their money closely, and small retailers and dollar stores have benefited from their caution.