It can be difficult to factor shopping into your budget when you are retired, but luckily dozens of popular retailers offer senior citizen discounts. Even if a store does not advertise a senior discount, you should always ask. Discounts may vary by the day or merchandise being purchased.
Here is a list of senior citizen discounts you should take advantage of when shopping:
Banana Republic – Seniors over 62 are eligible to receive 10 percent off.
Belk – On the first Tuesday of the month, those 55 and over are eligible to receive up to 20 percent off.
Clarks Shoes – Seniors are eligible for a 10 percent discount.
Dress Barn – Those over 62 can receive 10 percent off on either Tuesdays or Wednesdays, varying by location.
Goodwill – Most Goodwill locations offer a senior citizen discount on certain days. Discounts and discount days vary by location.
Hallmark – They offer a 10 percent discount on specific senior discount days that vary by location.
Kohl’s – Those 55 and over receive 15 percent off on Wednesdays.
Modell’s Sporting Goods – Seniors should ask about their 10 percent discount.
Reebok Outlet Stores – AARP members are eligible for a 20 percent discount.
Rockport Outlet – AARP members are eligible for a 20 percent discount.
Ross – On Tuesdays, those 55 and over can receive 10 percent off when they sign up for the Every Tuesday Club.
Salvation Army Thrift Store – They offer a senior discount day. Discounts and days vary by location.
Tanger Outlets – All AARP members are eligible to receive a free coupon book at guest services.
The first retail store to open in the United States was back in 1825 by a businessman named Aaron Arnold and it was called Arnold Constable. It was a tiny dry goods shop in New York City. But it’s not until 1884 that you hear of stores being founded that are still around today. Two of them being Macy’s and Lord And Taylor. Fast forward nearly two centuries to today and the number of retail stores is staggering.
According to the 2007 economic census, there are 715K firms with 1.1 million establishments that net a total of $3.9 trillion in sales. If you look at on a global scale, the net sales hit nearly $22 trillion based on data from 2014.
Looking solely at revenue numbers the U.S. is by and far the king of retail in the world. 76 of the largest companies and 5 out of the top 10 in the world are headquartered in the U.S. . And it’s pretty obvious which company is number one, by far. Everyone is familiar with the name Walmart.
According to the U.S. Bureau of Labor Statistics, almost 15 million people are employed by the retail sector in the United States.
The U.S. Census Bureau breaks all retail into 13 categories which can be seen below by percentage of their size based on sales figures:
20.0% – Motor vehicle & parts dealers
13.0% – Food & beverage stores
12.5% – General merchandise stores (hypermarkets, department stores, discount stores, warehouse clubs)
11.0% – Food services & drinking places
10.0% – Gasoline stations (and convenience stores)
9.2% – Non-store retailers (Internet shopping, catalog, direct sales, etc.)
6.0% – Building material & garden dealers (home improvement)
6.0% – Health & personal care stores (pharmacy/drug stores)
5.0% – Clothing & clothing accessories stores
2.3% – Miscellaneous store retailers (specialty retailers)
2.0% – Furniture stores
2.0% – Electronics & appliance stores
1.7% – Sporting goods, hobby, book & music stores