Discount retailers see higher profits in second quarter

Discount retailers tend to do well in up or down economies, with shoppers from a broad income range. These retailers also enjoy a real estate advantage, with most located away from malls in small centers with convenient parking, and are poised to take market share from department stores.

Analysts also noted that online sales of apparel and footwear have plateaued, a boon to the segment, which relies more on brick and mortar than on e-commerce. To read the full article by Daphne Howland, please visit retaildive.com.