We like the font, and the colors you're using, graphic elements are interesting, but try to integrate them in to the text. Keep in mind it will be for a discount store. Try to emphasize that.
Just a note to help you...you have your stylistic slider all the way over to ''feminine which you will get a lot of scripts and soft lines and frou frou and flowers and the like which is usually associated with feminine...it seems to me that your style is more neutral or in the middle...don't know if you can reset that for future entries.
I will check back for your comments for me this evening.
Hi Teresa, Logo should be feminine, but at the same time thematically connected with favors. You have a nice style, try to expose the word "price". Keep design simple and clear.