Attracting customers by using different means is always a frontline priority of every retailer. That is why retail business always comes up with innovation and different forms such as department stores, warehouse stores, dollar stores, specialty stores, boutiques, and discount stores.
A discount store, as the name suggests, is a category of retail business where a retailer sells products at greater discounts. Mostly, discount stores operate on the same principles as a departmental store. That said, discount stores also sell different types of products under one roof (all in one shop). However, in comparison to departmental stores, the prices are lower at discount stores.
Table of Contents
Discount stores- Definition
You can simply define a discount store is a category/type of retail stores where product prices are relatively lower in comparison to other forms of retail stores.
How Do Retail Stores Operate?
A common question that should pop up in your mind is, how do these discount stores sell the same products with higher discounts? Discount stores come with huge investments because these retailers buy bulk quantities directly from the manufacturers. Therefore, manufacturers charge them lower prices. Also, discount store retailers mostly buy products during the off-season to get bigger discounts.
Generally, discount stores focus on products with virtually no expiry dates such as shoes, clothes, home appliances, etc. For instance, a discount store retailer may buy stuff related to Christmas during the off-season at a higher discount and sell them next year at relatively lower prices.
When retailers buy directly from a manufacturer, not only do they get discounts, but they also save the expenses that may occur in the case of a middleman. That is why discount stores can sell products with massive discounts.
Features of Discount Shops
Here are some common features of discount retail stores:
Different Types of Products Under One Roof
Now, it doesn’t necessarily mean that discount stores don’t deal in day-to-day or fast-moving consumer goods. Discount stores provide their customers with almost everything under one roof. A customer won’t have to move store-to-store to buy household products. These stores deal in grocery, fresh and preserved food, electronics, clothing, and other similar items.
One of the best reasons to buy from a discount store is you can get a pretty high discount on everything you buy from them. Of course, everybody loves saving some extra bucks, and discount stores are the best places to save some handy money. Also, you may get a higher discount if you are purchasing in bulk from discount stores.
No Customer Service
If you are going to a discount store, make sure that you are well aware of the “help yourself” service. Discount stores do not offer much assistance when it comes to customer services. Discount store retailers arrange products categorically.
Each section has a different name tag, and you will get proper directions towards every section. However, customers get central support, such as at the packing counter and billing counter.
Massive Size and Brand Collection
Discount stores are generally massive entities. They sell products of different categories ranging from electronics, food, groceries, jewelry, clothing, etc. Not only this, discount stores are a perfect option to find different brands under one roof. You can have hundreds of options, even for a single product.
Advantages of Discount Stores
Discount stores are very profitable for businesses as well as the end consumers. For retailers, they generate massive incomes through large sale volumes, and their customer base is huge. Similarly, it is a profitable option for buyers, as well. They can buy quality products are lower prices.
All in one store
Discount stores give you the luxury of buying “everything” under one roof. You can buy daily-use products such as food items, groceries, electronics, clothes, shoes, hardware, digital products, sports items, and much more.
Discount stores are famous because they offer an unparalleled discount on all their products. You will rarely get better discount rates than discount stores. That is why people come to these stores in massive numbers.
Variety of Options
Another amazing thing about discount stores is you get a lot of options for buying any product. You can buy anything according to your budget. Discount stores offer you low as well as high-quality products according to your requirement and budget.
Collection of Brands
Discount stores have a huge collection of brands. That said, you can have all the famous brands at one spot. This can save you a lot of time if you are a brand lover and you have to go franchise-to-franchise.
Many people prefer to shop alone, i.e., they do not prefer a salesman around them. Well, if you are one of them, discount stores are the best options for you. You can shop alone and shop for as long as you want.
Disadvantages of Discount Stores
Well, although discount stores have a lot of options, the products are mostly outdated. Discount stores mostly buy during the off-season or in huge quantities, so you may have to bear with it.
Compromised product quality
Discount stores offer products from renowned brands as well as private brands. Therefore, the quality of private brands may not as good as you expect. Also, the prices are mostly pocket-friendly, so expecting high-quality stuff always is not a pragmatic approach.
No guidance About Product Selection
Discount stores often do not have salesmen, and this can be a negative aspect of shopping in discount stores. You will have no guidance about different products and product quality, so you have to make decisions on your own.
Difficult to find your desired product
Discount stores have a collection of so many brands, even for a single product. Therefore, things can get messy if you haven’t shopped much in these stores. Lesser or no availability of salesmen can make you toil hard to find your concerned product.
Discount Stores are busy places.
It is obvious that people prefer discount stores for shopping so you can expect massive crowds at these places. Well, this can be very irritating, and you may have to wait long hours at the billing counter, etc. Moreover, good-quality items may become out of stock quickly. You have to be proactive if you prefer discount stores.
Some Famous Examples of Discount Stores
Well, there are “hundreds” of options if you want to shop from discount stores but if you need good suggestions, I will give you examples of three discount stores you must consider:
Ross Dress For Less
Ross Dress For Less can definitely rank as the best discount store in the United States. You may not believe it, but this store may charge you even below half of the market price. You can regularly find different brands for clearance sale, such as Calvin Klein, Michael Kors, Dooney & Bourke, and many other renowned brands.
This store started operating in 2004 and is also run by Ross. Just like the parent company, DD is also expanding rapidly and offering more lucrative prices. If you are fond of perfumes and colognes, then you must visit this one.
Tuesday Morning is a huge chain of discount stores with more than 700 branches all over the country. This store gathers a huge collection of left-over items and that too at the lowest prices. This place is best suited for home goods and designer items. You can consider it your go-to spot for comforters, towels, high-end sheets, and small appliances. The discounts on these stores can literally amaze you.