Discount store Retail Ranking; June 2014), operates more than 10,121 discount stores or discount shops worldwide. Australia has four main discount shops including Aldi, Big W, Kmart, and Target, plus in the Sydney region only, Victoria's Basement. Woolworths entered Canada in the 1920s, but the stores were converted to the Foot Locker, Champs Sports and other stores by 1994. Kresge's entered Canada 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 was founded in 1982 in Toronto, and sells off-price
Conglomerate discount parts and may also help each business pursue independent strategies. Therefore, identifying and removing a conglomerate discount may be a profitable investment strategy. Recent examples of deconglomeration in the US include ITT, Motorola, Fortune Brands, Marathon Oil, Genworth, and Sara Lee Corporation. The results have generally been quite positive. For example, ITT’s shares went up by some 11% on the breakup announcement, creating roughly $1B in value. Conglomerate discount Conglomerate discount is an economic concept describing a situation when the stock market values a diversified group of businesses and assets at less than the sum of its parts. The explanation