Strelitz, president of the company, based here, said the new concept at the Oaks location will involve high-end brands at a lower-margin structure, greater efficiencies and more salary-based positions to create a no-pressure customer experience. The Dump, which was founded by two University of Pennsylvania graduates as an off-price retailer, also operates outlets in Atlanta; Deerfield and Lombard, Ill.
He said customers benefited by getting items at 30 percent to 70 percent below the price of traditional retailers. The Dump is typically open Friday, Saturday and Sunday, but will be open seven days a week during its liquidation event. Joanne Friedrick has worked in trade publishing as a writer and editor for more than 30 years covering myriad industries — including pension funds, security systems, grocery and convenience stores, gourmet food, housewares and home textiles — before taking on the role of research editor in early Supply Chain.
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Ellison, Lowe's president and CEO, said in a statement. The company said it plans to close these stores by Feb. Yimin Belz Pundit. What Forever 21 locations are closing? And, consolidating to one location will allow the company to sell these higher-end brands at a lower margin, meaning better deals for customers. Strelitz is aiming to open the new concept by July 4. In a National Retail Federation survey of over 3, adults, 89 percent said they shop at discount stores, which did not vary much by age or income.
Though the survey found that these shoppers are most likely to buy clothing at a discount, 62 percent said they bought home decor and furnishings at bargain retailers. The Dump is also planning to include a place at the Oaks store where people can make an appointment to test a mattress for an hour, Strelitz said. Strelitz lives in Virginia Beach, Va. Strelitz estimates there are 1, employees between the companies, and would like to add about 20 to the Oaks store by next fall.
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