Discount & Variety Retail Industry Overview

Companies that operate discount and variety retail stores.

Summary

With gas prices soaring, value is today's shopper's mantra. While value seekers have always been a part of the retail landscape, bargain hunting has never been as popular,  accepted, and necessary as it is today. (Witness the parking lots full of expensive cars outside a Target or Costco Wholesale outlet on a Saturday afternoon!) The success of mass discounters, dollar stores, and closeout retailers such as Big Lots, Ross Stores and The TJX Companies' T.J.

Full Discount & Variety Retail Industry Description

Expansion of Supercenters

Both Target and Wal-Mart are adding and converting existing stores to supercenters, which combine grocery products with general merchandise. Offering a full selection of groceries helps drive traffic, since consumers buy food more frequently than most other goods. With thousands of supercenters, Wal-Mart has become the largest grocer in the US.

Full Discount & Variety Retail Industry Trends

• Costco Wholesale Corporation
• Marktkauf Holding GmbH
• PriceSmart, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Discount & Variety Retail maps to a number of NAICS codes including:

Full Discount & Variety Retail Industry Codes

• Food Marketing Institute
  
• National Association of Chain Drug Stores
  

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