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4 Stocks to Tap Rising Demand in Retail Discount Stores Space

The COVID-19 outbreak has brought about a major shift in consumers’ buying behavior and spending pattern. With the pandemic taking a toll on employment and household income, consumers are left with no option but to curtail spending. Definitely, measures undertaken to support households and the resumption of economic activities provided some relief but consumers’ hunt for better bargains continue.

Under the current circumstances, people have been showing a preference for discount stores for essentials and other household needs. A differentiated product range resonates well with customers’ spending habits. No wonder, the strategy to sell products at discounted prices has helped industry players expand customer base amid the pandemic.

That said, industry participants have been focusing on deepening engagements with consumers, expanding merchandise assortments, and enhancing digital and data analytics capabilities. They have been making strategic investments to provide consumers fast, convenient and safe shopping experience, be it offline or online.

Keeping in mind consumers’ product preferences and growing inclination toward online shopping, thanks to social distancing and greater stay at-home trends, discount players have been replenishing shelves with in-demand merchandise, and expanding delivery options — curbside pickup or ship-to-home orders — and contactless payment solutions. The companies have also been investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant.

It comes as no surprise that discount retailers have succeeded in creating a niche in the retail space. Here we have highlighted four discount retailers that have been gaining from coronavirus-led spike in demand.

4 Prominent Players

Target Corporation TGT: This general merchandise retailer has been making investments to enhance omni-channel capacities, come up with new brands, and remodel or refurbish stores to cater to consumer demand and behavior in the new normal. Markedly, this Zacks Rank #1 (Strong Buy) company witnessed sturdy market-share gains in all

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Pedestrian, bicyclist safety improvements on tap for East Palm Canyon

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2019 had the second-highest number of pedestrian fatalities in a decade. The worst year was 2016, when 29 people died.

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Safety improvements, including a new sidewalk, are on tap for a stretch of East Palm Canyon Drive in Palm Springs.

Work is ongoing in the stretch between South Palm Canyon Drive and Sunrise Way. The $1.9 million project is expected to benefit pedestrians and bicyclists in the area.

The sidewalk is being installed along the eastbound lanes, west of Sunrise.

Other improvements include new crosswalks at various intersections and new street lights at the curve where South Palm Canyon meets East Palm Canyon, Assistant City Manager Marcus Fuller said.

The sidewalk portion in particular has caught the attention of local residents. It’s being built across a dirt lot that’s existed for years and disrupted joggers in particular.

“There’s sort of a dirt path on a small stretch and it makes running less smooth,” Palm Springs resident Alexis Linehan, 48, said as she jogged Thursday morning, briefly stopping because she was unsure she could go on the project site. “It’s an odd gap and really stands out. Everywhere else there’s pavement.”

The new crosswalks will be installed along East Palm Canyon at Sonora Road, Avenida Palmera, Calle Palo Fierro, Deep Well Road and Sagebrush Road. They will include flashing beacons to alert motorists pedestrians are trying to cross the street.

Completion is expected by mid-December.

Construction is the result of a valleywide effort to improve safety after an increase in pedestrian fatalities across the desert.

In 2016, 29 pedestrians died after being hit by vehicles across the Coachella Valley. It was the region’s highest number of pedestrian fatalities during a calendar year over the past decade.

The Coachella Valley Association of Governments announced, in response, it would issue grants

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