Boasting the rodeo-ready title of the largest Western retailer in the United States, Boot Barn beat Wall Street expectations in its quarterly earnings report on Wednesday. The company reported a net sales of $505.4 million, a 18.7% increase from a year prior. Boot Barn's share price has increased by more than 50% over the past 12 months, and is up over 27% year-to-date.
Like Aldi's locations, Grocery Outlet stores tend to be smaller than traditional supermarkets and emphasize low prices. But the California chain doesn't rely solely on store brands to cut costs: Like T.J. Maxx, it often sells products that its competitors - or the brands that make them - can't or don't want to sell themselves. Those can include products that are being discontinued by their manufacturer or items that were meant for other industries.
That honor goes to Mixue Ice Cream & Tea, a fast food chain founded and based in China. According to the Associated Press, Mixue Ice Cream & Tea has more than 45,000 stores. For reference, McDonald's website states that they have over 44,000. Foodies in New York will now be able to get a taste of Mixue Ice Cream & Tea's offerings as the chain is debuting its very first location in the U.S. on NYC's Canal Street.
"Growing up, my mother would always say that your house is only as good as your neighbor," Lipschutz said. "We definitely couldn't do it without the people that live around Chauncey Street, but also that live around Irving, so it's very exciting."
