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Big Lots was ‘too expensive’ — the discounter’s new owner says

Big Lots went belly up last year because it chased away budget-conscious customers with high prices and pushed merchandise they didn’t want, the discount retailer’s new owner told The Post. The ...
CNBC

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

Walmart beat quarterly earnings and revenue estimates. The discounter said it made gains with high-income shoppers, and reported e-commerce growth of 22% for its U.S. business. CFO John David Rainey ...
CNBC

Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value

Aldi said it will open more than 180 stores in the U.S. this year, as it continues an aggressive expansion. The German grocer's growth reflects the fiercer competition with traditional players as ...
New York Post

Dollar General’s shares tank after blaming poor earnings on theft, weak consumer demand

Even dollar stores are getting slammed by the retail theft crisis. Dollar General’s shares tanked Thursday after the discounter provided a bleak outlook for the rest of the year because of rising ...
HR Dive

Aldi plans to raise pay, hire more than 13K new employees

Aldi US announced Wednesday that it plans to hire more than 13,000 store and warehouse employees. The discount grocer will also raise its national average hourly pay for associates with starting wages ...