[Ranking] TOP 25 Discount Stores / Retail Companies Q3/2023
Intro
Discount stores play a crucial role in the worldwide economy by providing affordable products to a wide range of consumers. These stores offer discounted prices on various items, including clothing, household goods, electronics, and more. With their affordable pricing strategies, discount stores have become an integral part of the retail industry.
The influence of discount stores extends far beyond their immediate impact on consumer shopping habits. By offering lower prices, these stores have a ripple effect across diverse sectors. They put pressure on other retailers to lower their prices, driving competition and benefiting consumers. Additionally, discount stores often source products from different countries, contributing to global trade and economic growth.
The discount store industry has experienced significant growth in recent years, with an upward trajectory that shows no signs of slowing down. As consumers continue to prioritize value and affordability, these stores have seen a surge in demand. This has led to the expansion of existing discount store chains and the emergence of new players in the market.
In the face of evolving consumer preferences and market dynamics, discount stores have had to adapt and innovate. Recent trends include the integration of online shopping platforms, the introduction of loyalty programs, and the incorporation of sustainable practices. However, challenges such as rising operating costs and increased competition from e-commerce platforms pose obstacles that companies in this industry must navigate.
The landscape of discount stores is constantly changing, with new players entering the market and established companies seeking to maintain their competitive edge. Exploring the top companies in this sub-industry provides insights into the strategies and practices that have propelled them to success in this dynamic retail sector.
Ranking
#25 Bargain Hunt
Employees: 2K
Revenue: 250M$
Website: https://www.bargainhunt.com
Description: Bargain Hunt is a prominent player in the discount retail industry, with its headquarters located in Nashville, United States. Since its founding in 2006, Bargain Hunt has been offering a wide range of discounted products to customers. With a workforce of approximately 2,000 employees, the company has established a strong presence in the market. Bargain Hunt generates an impressive annual revenue of around 250 million dollars, showcasing its success in the discount store sector. Through its website and physical store locations, Bargain Hunt provides customers with the opportunity to find great deals on various products, including electronics, home goods, apparel, and more.
#24 Ocean State Jobbers, Inc
Employees: 1.2K
Revenue: 350M$
Website: https://www.oceanstatejobbers.com
Description: Ocean State Jobbers, Inc is a leading player in the Discount Stores industry. Headquartered in Providence, United States, the company was founded in 1959. With a workforce of approximately 1.2 thousand employees, Ocean State Jobbers operates in the Retail industry, specifically focusing on discount stores. The company generates an estimated revenue of 350 million dollars. Ocean State Jobbers is known for its extensive range of discounted products, offering customers a wide variety of goods at affordable prices. With its commitment to providing value to its customers, Ocean State Jobbers has established itself as a prominent player in the discount retail sector.
#23 Bealls Outlet
Employees: 5K
Revenue: 500M$
Website: https://www.beallsoutlet.com/
Description: Bealls Outlet is a leading discount store chain operating in the retail industry. Headquartered in Bradenton, United States, the company was founded in 1987. With a workforce of approximately 5,000 employees, Bealls Outlet offers a wide range of discounted products to its customers. The company generates an annual revenue of around 500 million dollars. Bealls Outlet specializes in offering quality merchandise at affordable prices, catering to customers who seek value for their money. With its extensive network of stores, Bealls Outlet provides a convenient shopping experience for its customers, offering a diverse selection of products including clothing, accessories, home goods, and more. By offering discounted prices on popular brands and a constantly changing assortment of merchandise, Bealls Outlet remains a go-to destination for savvy shoppers looking for great deals in the retail industry.
#22 Tuesday Morning Corp
Employees: 5K
Revenue: 750M$
Website: https://www.tuesdaymorning.com
Description: Tuesday Morning Corp is a discount store company based in Dallas, United States. Founded in 1974, the company operates in the retail industry, specifically in the discount stores sector. With its headquarters located in North America, Tuesday Morning Corp has established itself as a prominent player in the industry. The company employs approximately 5,000 employees to support its operations. With a revenue of 750 million dollars, Tuesday Morning Corp offers a wide range of discounted products and merchandise, catering to budget-conscious consumers. The company's website provides easy access to its products and promotions, making it convenient for customers to shop online or locate one of their many physical stores.
#21 Stein Mart, Inc
Employees: 8K
Revenue: 1B$
Website: https://www.steinmart.com
Description: Stein Mart, Inc is a discount store chain headquartered in Jacksonville, United States. Founded in 1908, the company operates in the retail industry, specifically in discount stores. With approximately 8,000 employees, Stein Mart offers a range of merchandise including clothing, accessories, and home decor at discounted prices. The company has established a strong presence in the North American market and has a loyal customer base. In 2020, Stein Mart reported annual revenue of 1 billion dollars, making it a significant player in the discount store industry. Through its website and physical stores, Stein Mart continues to provide affordable and stylish products to its customers.
#20 At Home Group Inc
Employees: 3.5K
Revenue: 1.2B$
Website: https://www.athome.com
Description: At Home Group Inc is a leading player in the discount stores industry in North America. Headquartered in Plano, United States, the company was founded in 1979. With a workforce of approximately 3,500 employees, At Home Group Inc operates a chain of retail stores that offer a wide range of home decor products at affordable prices. The company's stores are known for their vast selection and constantly changing inventory, providing customers with a unique and enjoyable shopping experience. At Home Group Inc generates an annual revenue of around 1.2 billion dollars, positioning itself as a major player in the discount stores sector.
#19 Gordmans Stores, Inc
Employees: 6.3K
Revenue: 1.2B$
Website: https://www.gordmans.com
Description: Gordmans Stores, Inc is a discount retail company headquartered in Houston, United States. Founded in 1915, the company operates in the discount stores industry. With approximately 6,300 employees, Gordmans Stores offers a wide range of discounted products including apparel, accessories, home decor, toys, and beauty products. The company focuses on providing quality products at affordable prices, catering to budget-conscious shoppers. Gordmans Stores generates an annual revenue of around 1.2 billion US dollars through its retail operations across various locations in the United States. With a strong presence in the discount retail sector, Gordmans Stores continues to serve customers with its affordable and diverse product offerings.
#18 Fred's Inc
Employees: 10K
Revenue: 1.2B$
Website: https://www.fredsinc.com
Description: Fred's Inc is a leading discount store chain based in Atlanta, United States. Founded in 1947, the company operates in the retail industry, specifically in the discount stores sector. With a workforce of approximately 10,000 employees, Fred's Inc offers a wide range of discounted products to its customers. The company's headquarters is situated in Atlanta, North America. Fred's Inc generates an annual revenue of 1.2 billion US dollars, making it a significant player in the discount store market. With its extensive product offerings and competitive pricing, Fred's Inc continues to be a popular choice for budget-conscious shoppers seeking value and savings.
#17 Boscov's Department Store, LLC
Employees: 10K
Revenue: 1.5B$
Website: https://www.boscovs.com
Description: Boscov's Department Store, LLC is a leading retail company in the Discount Stores industry. Headquartered in Reading, United States, the company was founded in 1911. With approximately 10,000 employees, Boscov's operates a chain of department stores offering a wide range of products at discounted prices. The company has established itself as a trusted retailer with a commitment to customer satisfaction. Boscov's Department Store generates annual revenue of approximately 1.5 billion US dollars. With a rich history and a strong presence in the discount retail market, Boscov's continues to provide quality products and exceptional service to its customers.
#16 Five Below, Inc
Employees: 10K
Revenue: 1.8B$
Website: https://www.fivebelow.com
Description: Five Below, Inc is a discount store chain headquartered in Philadelphia, United States. Founded in 2002, the company operates in the retail industry, specifically in discount stores. With over 10,000 employees, Five Below offers a unique shopping experience by providing trendy, high-quality products priced at $5 and below. The company caters to teens, pre-teens, and beyond, offering a wide range of merchandise including apparel, accessories, beauty products, toys, electronics, and home goods. Five Below has grown rapidly since its establishment, generating revenue of 1.8 billion dollars. With its affordable pricing strategy and diverse product offerings, Five Below has become a popular destination for budget-conscious shoppers seeking value and variety.
#15 Dirt Cheap LLC
Employees: 6.5K
Revenue: 2.3B$
Website: https://www.dirtcheap.com
Description: Dirt Cheap LLC is a leading discount store chain operating in the Retail industry. Headquartered in New York City, United States, Dirt Cheap offers a wide range of products at significantly discounted prices. Since its founding in 2002, the company has grown to employ approximately 6,500 employees across its various store locations. With an annual revenue of 2.3 billion dollars, Dirt Cheap has established itself as a key player in the discount retail market. The company's website provides customers with an easy-to-use platform to explore their extensive product offerings and take advantage of their unbeatable deals. Dirt Cheap's commitment to delivering value to its customers has made it a popular choice for budget-conscious shoppers seeking quality products at affordable prices.
#14 Ollie's Bargain Outlet Holdings, Inc
Employees: 10K
Revenue: 2.3B$
Website: https://www.ollies.us/
Description: Ollie's Bargain Outlet Holdings, Inc is a discount store chain headquartered in Harrisburg, United States. Founded in 1982, the company operates in the Discount Stores industry. With approximately 10,000 employees, Ollie's Bargain Outlet offers a wide range of products at discounted prices, including housewares, food, books, toys, and much more. The company has become known for its ability to purchase excess inventory from manufacturers and suppliers and sell it at discounted prices. Ollie's Bargain Outlet generates an estimated revenue of 2.3 billion US dollars annually, making it a major player in the discount retail market.
#13 99 Cents Only Stores LLC
Employees: 20K
Revenue: 2.5B$
Website: https://99only.com/
Description: 99 Cents Only Stores LLC, headquartered in Commerce, United States, is a prominent player in the Discount Stores industry. Founded in 1982, the company operates a chain of retail stores that offer a wide range of products at affordable prices. With approximately 20,000 employees, 99 Cents Only Stores provides employment opportunities to a significant workforce. The company generates a substantial revenue of 2.5 billion dollars annually. Known for their commitment to offering quality products at a low price point, 99 Cents Only Stores has established a strong presence in the retail industry, catering to cost-conscious customers across North America.
#12 Save-A-Lot Food Stores Ltd
Employees: 20K
Revenue: 2.5B$
Website: https://save-a-lot.com/
Description: Save-A-Lot Food Stores Ltd is a prominent player in the Discount Stores industry, operating primarily in North America. With its headquarters located in Earth City, United States, the company was founded in 1977. Save-A-Lot employs approximately 20,000 individuals who contribute to its success. The company generates a revenue of around 2.5 billion US dollars. Save-A-Lot is known for its focus on providing affordable grocery options to customers through its extensive network of discount stores. The company offers a wide range of products including fresh produce, meat, dairy, bakery items, and pantry essentials. With a commitment to delivering value and savings, Save-A-Lot continues to establish itself as a leading player in the retail industry.
#11 National Stores, Inc
Employees: 15K
Revenue: 5B$
Website: https://www.nationalstoresinc.com
Description: National Stores, Inc is a leading player in the Discount Stores industry, operating primarily in North America. With its headquarters in Los Angeles, United States, the company was founded in 1962. National Stores, Inc employs approximately 15,000 people and generates an annual revenue of 5 billion dollars. The company specializes in offering affordable products across various categories to cater to the needs of budget-conscious consumers. With a strong focus on providing value for money, National Stores, Inc has built a reputation for offering quality products at discounted prices. Through its extensive network of discount stores, the company serves a wide customer base, aiming to make everyday essentials accessible and affordable for all. National Stores, Inc continues to expand its presence in the Discount Stores industry, providing customers with a convenient and cost-effective shopping experience.
#10 Big Lots, Inc
Employees: 20K
Revenue: 5B$
Website: https://www.biglots.com/
Description: Big Lots, Inc. is a leading discount store chain headquartered in Columbus, Ohio, United States. With over 20,000 employees, the company operates in the discount stores industry, offering a wide range of merchandise including furniture, mattresses, electronics, home decor, and apparel at discounted prices. Founded in 1967, Big Lots has established itself as a popular destination for value-conscious shoppers in North America. The company generates annual revenue of approximately 5 billion dollars, making it one of the key players in the retail industry. Big Lots continues to expand its footprint and enhance its offerings to cater to the evolving needs of its customers.
#9 Burlington Stores, Inc
Employees: 40K
Revenue: 7.1B$
Website: https://www.burlington.com
Description: Burlington Stores, Inc is a leading company in the Discount Stores industry. Headquartered in Burlington, NJ, United States, the company operates a chain of retail stores offering discounted merchandise. Founded in 1972, Burlington Stores has grown to become a prominent player in the industry, with approximately 40,000 employees. The company's website, https://www.burlington.com, provides customers with information about its wide range of products including clothing, accessories, home goods, and more. With an annual revenue of 7.1 billion dollars, Burlington Stores continues to thrive by offering quality products at affordable prices to its customers across North America.
#8 Ross Stores, Inc
Employees: 90K
Revenue: 16B$
Website: https://www.rossstores.com
Description: Ross Stores, Inc operates in the Discount Stores industry in North America. Headquartered in Dublin, United States, the company was founded in 1982. With a workforce of approximately 90,000 employees, Ross Stores generates annual revenue of around 16 billion dollars. Ross Stores is a popular discount retailer offering a wide range of products including apparel, accessories, footwear, home decor, and beauty products. They operate under the brand names Ross Dress for Less and dd's DISCOUNTS, providing customers with quality merchandise at discounted prices. With their strategic buying practices and efficient supply chain management, Ross Stores has established a strong presence in the retail industry, attracting customers seeking value-oriented shopping experiences.
#7 Dollar Tree, Inc
Employees: 60K
Revenue: 23B$
Website: https://www.dollartree.com
Description: Dollar Tree, Inc, based in Chesapeake, United States, is a leading company in the Discount Stores industry. Founded in 1986, the company operates a chain of retail stores that offer a wide range of products at the fixed price of $1. With a workforce of approximately 60,000 employees, Dollar Tree caters to value-conscious consumers by providing a diverse selection of everyday essentials, party supplies, seasonal products, and more. The company's revenue reached 23 billion dollars, making it a prominent player in the industry. Dollar Tree's commitment to offering affordable products has positioned it as a popular destination for budget-conscious shoppers across North America.
#6 Dollar General Corporation
Employees: 143K
Revenue: 27.8B$
Website: https://www.dollargeneral.com/
Description: Dollar General Corporation, headquartered in Goodlettsville, Tennessee, is a prominent player in the Discount Stores industry in North America. With over 143,000 employees, the company operates a vast network of discount stores across the United States. Founded in 1939, Dollar General offers a wide range of merchandise at affordable prices, catering to the needs of budget-conscious consumers. The company's revenue stands at an impressive 27.8 billion US dollars, reflecting its significant presence in the retail market. Dollar General's commitment to providing value and convenience has made it a go-to destination for customers seeking everyday essentials, household items, apparel, and more.
#5 The TJX Companies, Inc
Employees: 260K
Revenue: 41.7B$
Website: https://www.tjx.com
Description: The TJX Companies, Inc is a leading discount retailer headquartered in Framingham, United States. With a history dating back to 1956, TJX operates in the discount stores industry. The company is known for its popular retail brands, including T.J.Maxx, Marshalls, HomeGoods, and Sierra Trading Post. TJX operates in North America and internationally, offering a wide range of off-price apparel, home goods, accessories, and other merchandise. With approximately 260,000 employees, TJX generates an impressive revenue of 41.7 billion dollars. Through its extensive network of stores and online platforms, TJX provides customers with quality products at discounted prices, making it a prominent player in the discount stores industry.
#4 Aldi Einkauf GmbH & Co. OHG
Employees: 175K
Revenue: 53B$
Website: https://www.aldi.com/
Description: Aldi Einkauf GmbH & Co. OHG is a leading discount store operator in the Retail industry. Headquartered in Essen, Germany, Aldi operates thousands of stores across Europe, North America, and Australia. Founded in 1946, the company has grown to become one of the largest discount retailers globally. With a focus on providing high-quality products at affordable prices, Aldi offers a wide range of groceries, household items, and other consumer goods. The company's streamlined operations and efficient supply chain enable it to pass on cost savings to customers. With a workforce of approximately 175,000 employees, Aldi continues to expand its market presence and deliver value to its customers.
#3 Target Corporation
Employees: 360K
Revenue: 93B$
Website: https://www.target.com
Description: Target Corporation, headquartered in Minneapolis, United States, is a prominent player in the Discount Stores industry. Founded in 1902, Target operates a vast network of discount retail stores across North America. With approximately 360,000 employees, the company offers a wide range of products, including apparel, electronics, home goods, and groceries, at affordable prices. Target is known for its stylish and trendy merchandise, as well as its commitment to sustainability and social responsibility. The company generated a revenue of 93 billion dollars in the latest fiscal year, making it one of the leading competitors in the discount retail sector.
#2 Costco Wholesale Corporation
Employees: 245K
Revenue: 166B$
Website: https://www.costco.com
Description: Costco Wholesale Corporation, headquartered in Issaquah, United States, is a leading player in the Discount Stores industry. Since its founding in 1983, Costco has grown to become one of the largest retail chains in North America. With over 245,000 employees, Costco operates a vast network of discount stores that offer a wide range of products at competitive prices. The company's revenue stood at a staggering 166 billion US dollars, making it a major player in the retail industry. Costco's commitment to providing quality products and exceptional value has earned it a loyal customer base and solidified its position as a leader in the discount store segment.
#1 Walmart Inc
Employees: 2.2M
Revenue: 550B$
Website: https://www.walmart.com
Description: Walmart Inc, headquartered in Bentonville, United States, is a multinational retail corporation that operates in the Discount Stores industry. Founded in 1962, Walmart has grown to become the world's largest company by revenue. With over 2.2 million employees, Walmart operates a vast network of discount stores globally. The company's website, https://www.walmart.com, offers a wide range of products at affordable prices. Walmart's revenue is estimated at 550 billion US dollars, making it a major player in the retail industry.
Summary
The discount stores sub-industry within the retail sector has seen significant growth and success in recent years. The top companies in this sub-industry have achieved remarkable rankings and accomplishments, solidifying their positions as industry leaders.
One unexpected finding is the resilience of discount stores in the face of economic downturns. These companies have managed to thrive even during challenging economic times, attracting budget-conscious consumers and successfully competing with other retail segments.
The premier companies in the discount stores sub-industry include Walmart, Dollar General, and Target. These companies have consistently outperformed their competitors and have become household names in the retail sector.
One shared element among these leading firms is their emphasis on cost efficiency and low pricing. These companies have mastered the art of offering quality products at affordable prices, attracting a wide customer base and fostering customer loyalty.
What sets these eminent companies apart from their rivals is their ability to innovate and adapt. They have embraced technology and e-commerce, enhancing the shopping experience for their customers. Additionally, these companies have invested in their private label brands, offering unique and affordable products that cannot be found elsewhere.