Discount stores

News agencies

Retail Sales Slump in May as Shoppers Prioritize Higher-Priced Items

Retail giants reported mixed results for May sales, with many of the nation's largest chains seeing a decline in sales despite a slight gain from a year ago. Wal-Mart Stores Inc., the nation's top retailer, reported a 4.7 percent increase in same-store sales, while Sears

News agencies

Shoppers Flock to Discount Stores, Leaving Department Stores in the Dust

As consumers increasingly favor discount chains over traditional department stores, Frequency Marketing Inc. predicts this trend will continue. According to the marketing firm's Retail Satisfaction Index, department stores have seen a significant decline in market share, slipping from 32.4 percent of all shopping trips in the fall