Discount Retailing
Discount retailing refers to a business model where stores sell products at lower prices than traditional retailers. These stores often achieve this by reducing overhead costs, buying in bulk, or offering a limited selection of items. Popular examples of discount retailers include Walmart, Dollar Tree, and Aldi.
Customers are attracted to discount retailing for the savings it offers on everyday items, from groceries to household goods. This model has gained popularity as consumers seek value and affordability, especially during economic downturns. Discount retailers often emphasize promotions and sales to draw in shoppers looking for the best deals.