The discount retail space is evolving, and it’s not just about slashing prices anymore. While traditional dollar stores still serve a segment of cost-conscious shoppers, a new wave of discount retailers, like 5 Below, pOpshelf, Ollie's Bargain Outlet, Inc., and Ocean State Job Lot, are reshaping the industry with a mix of affordability, trendiness, and discovery-based shopping. According to TheStreet’s Daniel Kline, as Big Lots exits the stage, its locations aren’t sitting empty for long. Competitors are strategically acquiring these spaces, keeping employees in jobs and giving consumers more options in the discount market. The Gordon Brothers’s restructuring efforts have enabled Variety Wholesalers to keep the Big Lots name alive in many locations, while others will transform into Ollie’s or OSJL stores. This shift highlights a broader trend: discount retail is beyond a necessity, is is genuine smart shopping. https://lnkd.in/gCuCzw5n
