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In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
In this report, we review the global market for male grooming products. We also look at consumer survey data to analyze US shoppers’ habits and shopping preferences.
Private labels are a serious challenge for CPG brands, taking a considerable share of the market. Retailers have an advantage in capturing consumer insights to develop private label products. Compared to traditional brands, private labels carry lower cost for advertising, marketing and slotting fees.
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
Big Lots Inc. is a US-based discount retailer headquartered in Columbus, Ohio. The company offers products in various categories, including furniture, food, décor and more. The company was incorporated in 1986 and was previously known as Consolidated Stores Corporation until it adopted its current name in May 2001. The company runs its operations entirely in the US.
Dollar Tree is a US-based operator of discount variety stores headquartered in Chesapeake, Virginia. The company’s stores operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada but reports under two key business segments, Dollar Tree and Family Dollar. Dollar Tree completed the acquisition of Family Dollar Stores, Inc. on July 6, 2015, which at the time had over 8,200 stores. While Dollar Tree’s business model is based on offering products at $1,
Five Below Inc. (Five Below) is a US-based specialty value retailer that offers merchandise (priced at $5 and below) primarily catering to the teen and pre-teen demographic. Incorporated on January 30, 2002, the retailer offers a range of products including select brands and licensed merchandise in categories such as style, room, sports, tech, crafts, party, candy and now. The company operate entirely in the US.
The main pillars of Ollie’s strategy are to grow its store base, increase its offerings of compelling bargains and to leverage and expand “Ollie’s Army,” being members of its loyalty program. Ollie’s marketing strategy is characterized by a unique, fun and engaging treasure hunt shopping experience, a compelling customer value proposition and witty, humorous in-store signage and advertising campaigns.
Dollar Tree reported 2Q19 revenues of $5.74 billion, up 3.9% year over year and slightly above the $5.72 consensus estimate. EPS was $0.76, down 34.1% and below the $0.83 consensus.
Dollar General reported 2Q19 revenues of $6.98 billion, up 8.4% year over year and above the $6.89 billion consensus estimate. Adjusted EPS was $1.74, up 14.5% year over year and comfortably beating the $1.57 consensus estimate.
Five Below reported 2Q19 revenues of $417.4 million, up 20.0% year over year and missing the $421.1 million consensus estimate.
Ollie’s reported 2Q19 revenues of $333.9 million, up 15.9% but missing the $339.8 million consensus estimate. Adjusted EPS was $0.35, down 10.5% and missing the consensus estimate by 11 cents.
In this report, we review year-to-date announced store closures and openings in the US, by sector.
