Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
34-725: Miracle Mart was a chain of discount department stores with locations in Ontario and Quebec , Canada based in Saint-Laurent, Quebec . The chain was renamed to simply M in the mid-1980s. The company was founded in early 1961 as Miracle Mart Limited by Montreal-based grocery chain Steinberg's . Later in the year, Steinberg's associated itself with Vancouver-based chain Woodward's . They opened their first store on October 11, 1961, in Pont-Viau under
68-710: A big-box store ; many have a full grocery selection and are thus hypermarkets , though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart , Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress for Less , Marshalls , TJ Maxx , and Burlington . So-called category killer stores, specialize in one type of merchandise and sell it in big-box stores . Examples include: When membership
102-443: A chain of discount stores called Prange Way , and Atlanta-based Rich's owned discount stores called Richway . During the late 1970s and the 1980s, these chains typically were either shut down or sold to a larger competitor. Kmart and Target themselves are examples of adjuncts, although their growth prompted their respective parent companies to abandon their older concepts (the S. S. Kresge five and dime store disappeared, while
136-464: A company was created by the Greenberg brothers, named Angreen Photo, which evolved into Astral Photo and became giant Astral Media . After years of losses, parent company Steinberg's underwent in the mid-1980s a restructuring plan to rebrand the chain to the shorter name of M . By then, Miracle Mart had made profits only twice since its founding. The transformation of Miracle Mart locations into M stores
170-475: A year. A new mall wing was created with 57 shops which opened during the spring of 1991 anchored by a Sears store that inaugurated on April 3. This increased the size of the mall to nearly 200,000 square feet (19,000 m ). Sears closed on January 14, 2018. The space that Sears occupied was dismantled to welcome a relocating Sports Experts, Winners and Imaginaire. On May 1, 2019, Sports Expers/Atmosphere left its previous location above Simons to relocate on
204-568: Is a two-level shopping mall located in Saint-Bruno-de-Montarville , Quebec , Canada. Ground was broken in the spring of 1977 to build the mall and it was completed in August 1978. Les Promenades St-Bruno is the largest mall in the Montérégie and part of its consumer base come from cities as far as Saint-Hyacinthe and Sorel-Tracy . The anchor tenants are The Bay and Simons . The Bay
238-415: Is required, discount superstores are known as warehouse clubs , and often require purchases of larger sizes or quantities of goods than a regular superstore. The main national chains, both of which have operations outside the U.S., are Costco and Sam's Club . Major discount grocery store retail chains in the U.S. include Aldi , Lidl , Save-A-Lot and Grocery Outlet . Currently Aldi and Lidl are
272-455: Is the only one left among the five initial anchors, although it moved into the space that was vacated by Simpsons in 1989, with its original location being converted into a mall expansion in 1991. Aside from The Bay, the 1978 anchors were Simpsons, Miracle Mart , Steinberg's and Eaton's . A Steinberg's supermarket was there between 1978 and 1992, around 50,000 sq ft (4,600 m ). Steinberg's, through Ivanhoe , had owned 25% of
306-523: The Dayton-Hudson Corporation eventually divested itself of its department store holdings and renamed itself Target Corporation). In the United States, discount stores had 42% of the overall retail market share in 1987; in 2010, they had 87%. Many of the major discounters now operate " supercenters ", which adds a full-service grocery store to the traditional format. The Meijer chain in
340-721: The Hudson's Bay Company started opening Saks Off 5th locations to sell off-price brands. American off-price chain Nordstrom Rack opened its first Canadian location in Vaughan Mills in 2018. Outside the United States and Canada, the main discount store chains listed by country are as follows: Major chains of discount supermarkets in Germany are Aldi , Lidl , Netto Marken-Discount , Netto (store) , Norma and Penny . Italy has numerous discount supermarkets, including Lidl and EuroSpin ,
374-622: The trade name of Woodward Steinberg . A second store with the same trademark opened in November 1961 at the Place Greenfield Park shopping centre. The partnership between Steinberg's and Woodward ended in 1962 due to differences of opinions, and the two Woodward Steinberg stores were converted to the Miracle Mart name. Miracle Mart operated at mid-level and competed with the likes of Towers/Bonimart , Zellers , Woolco and Kmart . There
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#1732890486624408-467: The 1970s and first half of the 1980s due to poor performance. The M sub-chain was initially successful and promising. In December 1986, the five M stores saw their sales increased while the remaining Miracle Mart-branded locations continued to decline. Despite a good start, the M chain began to go downhill after the last Miracle Mart stores were renamed in 1987, and was soon experiencing the same financial woes that had plagued its predecessor. At some point,
442-506: The 1992-1993 Montreal phone book directory, Bell Canada listed only four stores for the M retail chain; they are the three aforementioned mall locations that closed on August 29, 1992 and the other one at 4325 Jean-Talon Street in Saint-Léonard . Discount department store Discount stores in the United States may be classified into different types: Discount superstores such as Walmart or Target sell general merchandise in
476-671: The M cluster on April 8, 1987: Châteauguay , West Island Mall , Place Lasalle and Galeries Lachine . The remaining 11 Miracle Mart stores were renamed on August 19, 1987. Overall, only 20 of Miracle Mart's 31 stores rebranded to the M nameplate. The other 11 locations (7 in Ontario and 4 in Quebec) were closed during the restructuring process. This basically erased the chain from Ontario except for two Ottawa stores (both in Nepean ) that rebranded as M. Other Miracle Mart stores had already been closed in
510-509: The Midwest consists entirely of supercenters, while Wal-Mart and Target have focused on the format as of the 1990s as a key to their continued growth. Although discount stores and department stores have different retailing goals and different markets, a recent development in retailing is the "discount department store", such as Sears Essentials , which is a combination of the Kmart and Sears formats, after
544-576: The aforementioned company, 24.5% of Ivanhoe Corporation and 24.5% of Eaton's . The mall was developed by Cadillac Fairview at $ 45 million and opened on August 23, 1978, with 170 stores. Its history dates back to 1968 when Steinberg's Ivanhoe Corporation purchased the 200 acres site at the corner of Autoroute 30 and Route 116 in St-Bruno. Eaton's became co-owner in the early 1970s and Fairview Corporation (a predecessor of Cadillac Fairview) followed suit in 1973. A deadly mid-air collision occurred above
578-739: The chains with the largest number of stores, and Aldi , Discount Dial , Dpiù , MD Discount , Penny , Todis and Tuodì . Japan has numerous discount stores, including Costco , Daiso , Don Quijote (store) and The Price (owned by Ito Yokado ). Action , Euroland , Solow , Big Bazar and Zeeman . In addition, the German discount supermarkets Lidl and Aldi both operate in the country. Discount supermarkets cover about 30% of food sales in Poland. Main chains include Biedronka , Lidl , Netto , and Aldi . Les Promenades St-Bruno Promenades St-Bruno (corporately known as CF Promenades St-Bruno)
612-598: The companies' merger as Sears Holdings Corporation . Woolworths entered Canada in the 1920s, the stores were converted to the Foot Locker , Champs Sports and other stores in 1994. Kresge's , a competitor to Woolworth's entered the Canadian market in 1929. Zellers was founded in 1931, and was acquired by the Hudson's Bay Company in 1978. Giant Tiger opened its first store in Ottawa in 1961, modeled on Woolworths . Winners
646-520: The former Target location got transformed into a 130,000 square foot public market named "CF Marché des Promenades" consisting of 40 tenants including a Avril Supermarché Santé [ fr ] grocery store of 35,000 square feet. Hudson's Bay Company closed its Simpsons location at Promenades St-Bruno in early 1989. The existing The Bay store relocated in Simpsons' vacant space on June 22, 1989. The Bay's original location stayed vacant for over
680-460: The largest discount retailers in the world operating more than 25,000 discount stores worldwide between them. Variety stores in the U.S. today, are most commonly known as dollar stores such as Dollar General , Family Dollar and Dollar Tree , which sell goods usually only at a single price-point or multiples thereof (£1, $ 2, etc.). During the early and mid-twentieth century they were commonly known as "five and dimes" or "dime stores". Stores of
714-512: The liquidation of the 19 stores began in early July. The original store in Pont-Viau, Laval was still in operation when the company declared bankruptcy. By late August, 15 of the 19 stores had already closed. On August 29, 1992, the stores at Place Versailles , Carrefour Laval and Les Promenades St-Bruno followed. It was said that the fourth remaining M store could possibly outlast the others as it negotiates termination over its lease but it seems to have closed down as well on August 29, 1992. On
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#1732890486624748-438: The main chains, Woolworth's , J. J. Newberry and S. S. Kresge , lined the shopping streets of U.S. downtowns and suburbs, and starting in the 1950s they also opened branches in shopping malls. These chains originally sold items for 5, 10 or 25 cents, but many later moved to a model with flexible price points, with a variety of general merchandise at discounted prices, in formats smaller than today's discount superstores. During
782-438: The majority of them have no relation to the mall. Simons picked the first floor of former Eaton's in 2001. Sport Experts/Atmosphere and five boutiques took over the second floor of Eaton's. Simons doubled its size in 2021 by expanding on the second floor formerly occupied by Sports Experts. The exterior of Simons at Promenades Saint-Bruno has always been two-story high ever since the store's inception in 2001 and as such it
816-418: The mall and also operated a Miracle Mart store side by side to the supermarket. The latter was renamed to M in August 1986. Both businesses closed in 1992. It was announced that Zellers would open by November 1993 in the space formerly used by Steinberg's and the M store. Zellers left the mall in 2012 and American giant retailer Target occupied its space from 2013 to 2015. After five years of unoccupancy,
850-511: The name of the chain was modified to M Aubaine (M Discount), signaling a return to its roots as a discount retailer. But all this ended up accomplishing was to confuse and alienate even more customers who had been accustomed to a more upscale image of the chain since the 1980s. When Steinberg's parent Socanav was trying to sell parts of the company off, a buyer for the poorly performing M stores could not be found. The chain went bankrupt in June 1992 and
884-718: The period from the 1950s to the late 1980s, discount stores were more popular than the average supermarket or department store in the United States. There were hundreds of discount stores in operation, with their most successful period occurring during the mid-1960s in the U.S. with discount store chains such as Kmart , Ames , Two Guys , Gibson's Discount Center , E. J. Korvette , Mammoth Mart , Fisher's Big Wheel , Zayre , Bradlees , Caldor , Jamesway , Howard Brothers Discount Stores , Kuhn's-Big K (sold to Walmart in 1981), TG&Y and Woolco (closed in 1983, part sold to Wal-Mart) among others. Walmart , Kmart , and Target all opened their first locations in 1962. Kmart
918-468: The second floor of the former Sears store. Winners opened on September 10, 2019, in the first floor of Sears. Imaginaire, a retail chain from Quebec City , opened its first Greater Montreal location during the fall of 2019, using 15,000 square feet of the former Sears. During the 1990s, big box stores arrived around the mall, which continued well into the 2000s. While some of these stores (e.g., Best Buy , Old Navy ) are tenants of Promenades St-Bruno,
952-562: Was a venture of S. S. Kresge Company that was a major operator of dime stores . Other retail companies branched out into the discount store business around that time as adjuncts to their older store concepts. As examples, Woolworth opened a Woolco chain (also in 1962); Montgomery Ward opened Jefferson Ward ; Chicago-based Jewel-Osco launched Turn Style ; and Central Indiana-based L. S. Ayres created Ayr-Way . J. C. Penney opened discount stores called Treasure Island or The Treasury ; Sheboygan, Wisconsin based H. C. Prange Co. opened
986-412: Was also a similarly named grocery chain, Miracle Food Mart (Steinberg's rebranded all their Ontario grocery stores to Miracle Food Marts on January 15, 1969), that operated exclusively in Ontario. Often found together, some locations with both a grocery and department store were regrouped under the single name Beaucoup . In order to provide photographic film-processing services at Miracle Mart stores,
1020-521: Was believed that the facade would stay the same after the expansion. In reality, a large portion of the facade went from beige to black when the store added its second floor although the middle of the storefront, which includes the Simon's name, remained intact. The original major tenants were Eaton's (130,000 sq ft), Simpsons (135,000 sq ft), The Bay (125,000 sq ft), Miracle Mart , (130,000 sq ft) and Steinberg's (50,000 sq ft). Les Promenades St-Bruno
1054-522: Was done in different phases. Miracle Mart at Carrefour Laval was the first location to convert as a M store and the only one to do so in the year of 1985. Four additional stores in Greater Montreal were converted to the M name by August 1986; specifically at Promenades Saint-Bruno , Place Longueuil , Mail Champlain and Pont-Viau . Four more stores, again all located in the Montreal area, were added to
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1088-943: Was founded in 1982 in Toronto, and sells off-price brand clothing. Costco entered Canada in 1986. In 1990, the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts. Dollarama was founded in Quebec in 1992. In 1998, Zellers bought out Kmart Canada, taking over its stores. In 2011, Marshalls , owned by the American TJX Companies , entered Canada, and Zellers sold most of its stores to Target . Target Canada filed for bankruptcy in 2015, selling its stores to Walmart , Lowe's and Canadian Tire . In 2016,
1122-402: Was the first shopping centre in Canada to house at the same time the three upscale department stores: Simpsons, The Bay and Eaton's. At 900,000 square feet upon inauguration, it was the second largest mall among all of Cadillac Fairview's properties across the country in 1978, surpassed at the time only by fellow Quebec shopping centre Galeries d'Anjou . Concomitantly, Les Promenades Saint-Bruno
1156-409: Was the second largest mall among all shopping centres in the Montreal area after Galeries d'Anjou. In Quebec, Promenades St-Bruno was the third largest shopping mall after Place Laurier and Galeries d'Anjou in terms of rentable space, and its number of stores was higher than Anjou's. Although now wholly owned by Cadillac Fairview, Les Promenades Saint-Bruno was originally the joint property at 51% of
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