Latest Discount store and superstore operators News

FILE - In this Aug. 27, 2019 file photo, the Best Buy logo is shown on a store in Richfield, Minn.  On Tuesday, Nov. 24, 2020, Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer  saw surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.   (AP Photo/Jim Mone)

Best Buy reports 3Q results that exceed Wall Street views

Nov. 24, 2020 11:42 AM EST

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the...

Wind-surfers glide on Lake Ontario at Cherry Beach on a warm fall day during the COVID-19 pandemic in Toronto, Friday, Nov. 20, 2020. (Nathan Denette/The Canadian Press via AP)

Toronto goes back into lockdown because of a surge in cases

Nov. 20, 2020 5:28 PM EST

TORONTO (AP) — Canada’s largest city is going back into lockdown because of a surge in COVID-19 cases. The Ontario provincial government announced Friday that Toronto and the Peel Region suburb will go into lockdown on Monday. Health officials announced they won’t allow indoor organized...

FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Target is the latest big U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday, Nov. 18 that its online sales surged 155% in the three months that ended Oct. 31. (AP Photo/Mark Lennihan, File)

Target gains steam heading into crucial holiday season

Nov. 18, 2020 11:49 AM EST

NEW YORK (AP) — Target is the latest big box U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31. Sales at its stores opened for a least a year rose 10%. Customer traffic rose...

FILE - In this Nov. 5, 2020 file photo, a woman pushes a shopping cart to enter a Walmart in Rolling Meadows, Ill. Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. The  Bentonville, Arkansas-based retailer delivered a 56% increase in its fiscal third-quarter profits while revenue rose 5.3%. (AP Photo/Nam Y. Huh, File)

Another booming quarter for Walmart, but sales are slowing

Nov. 17, 2020 12:23 PM EST

NEW YORK (AP) — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. But sales at stores opened at least a year slowed in the three months that ended with October compared with earlier this year as the pandemic...

People walk past a Miniso shop at a shopping mall in Beijing, Thursday, Oct. 15, 2020.  Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. (AP Photo/Mark Schiefelbein)

Shares of Chinese retailer Miniso rise in Wall Street debut

Oct. 15, 2020 5:12 PM EDT

HONG KONG (AP) — Shares of Miniso Group Holding finished higher Thursday in their first day of trading on Wall Street but ended well below their peak. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in an initial public offering in New...