Desperate to get shoppers in the door, U.S. department stores have started to discount the one item they had long been able to sell at full price: cosmetics.
NYS Entity Status
NYS Filing Date
JUNE 24, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - ALI DISCOUNT STORE CORP
AROUND THE WEB
- Department Stores Are Starting to Discount Cosmetics
Monday Jul 10, 2017
- Department Stores Try Discounting Prestige Makeup For The First Time
By Laura Northrup - Monday Jul 10, 2017
How desperate are department stores to get shoppers in the door and spending money? Chains including Lord & Taylor, Macy’s, and Bloomingdales are taking the unusual step of actually discounting their cosmetics, trying to get back prestige cosmetics sales that have drifted to cosmetics-only stores like Sephora and Ulta. Sure, deals are common in the cosmetics department, but they’re …
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Sears reported a quarterly loss on Thursday as fewer customers visited its stores and as the company offered more discounts amid intense industry competition. The retailer also said it would close 28 Kmart stores later this year, in addition to the 150 Sears and Kmart stores it plans to close by the end of its...
- Macy’s shares tumble as discounting slams margins
By Reuters - Thursday Aug 10, 2017
Macy’s reported a higher-than-expected rise in quarterly profit, as it continued to close stores and keep a tight leash on inventory in a gloomy US retail industry. However, gross margins at both companies slipped as they continued to offer discounts and promotions to woo customers to their stores. Macy’s gross margins fell to 40.3 percent...